I think many would share and are others.
I get interest from IB maybe little over 1%.
Where do you park money not being traded
Started by
traderx
, Aug 10 2020 01:55 PM
For safe small returns
1 reply to this topic
#2
pdx5
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- Traders-Talk User
- 9,530 posts
I want return OF my money more than return ON my money
Posted 10 August 2020 - 03:39 PM
Lot of my portfolio is in variable annuities and the MM fund is yielding slightly negative because of life insurance built in annuities. The huge advantage in variable annuities is, as opposed to 401-k's and personal IRA's, there is no limit how much money one can place in annuities. Trade results in annuities are 100% tax deferred . For example my annuity portfolio is worth 4 times what I paid for initially. But I did not have to pay any cap gain taxes. Just like IRA's annuity becomes taxable when you sell and take money out of the annuity. So a great place to trade indexes.
Edited by pdx5, 10 August 2020 - 03:40 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
