Managing Cash Amid High Inflation

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 20 May 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve has raised interest rates 10 times since 2022. But you probably wouldn’t notice those hikes in a traditional savings account. Dylan Lewis caught up with Robert Brokamp to discuss: - How banks benefit from your inertia, and how that costs you - Ideas for managing cash for the next few weeks, months, and years - Money market funds paying more than 4%, and the caveats to understand before utilizing those accounts - Who can benefit from I Bonds and less-liquid savings vehicles Website mentioned: https://www.fool.com/the-ascent/ Host: Dylan Lewis Guest: Robert Brokamp Producer: Ricky Mulvey Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Whether or not we have a recession to me actually isn't important.
0:04.4	The economy is slowing down.
0:06.8	So it's at this time where you actually might want to keep more of your money shorter
0:11.0	termish, except that there's always the possibility that rates will go the other way and you'll
0:17.6	be happy that you locked up some of your money or whatever, one, two, three years.
0:26.4	I'm Mary Long and that's Motley Fool, Senior Advisor, Robert Brokamp.
0:30.6	Dylan Lewis caught up with Bro to talk about managing cash when interest rates are high.
0:35.2	They discuss the boring piece of financial advice that's essential for any investor to understand.
0:40.7	Some savings vehicles that can help minimize your taxes and how the debt ceiling debate
0:44.9	is impacting treasury bills.
0:50.1	We often talk about the importance of cash.
0:52.0	It is the bedrock for your financial picture and having it on hand can turn market dips
0:56.0	into opportunities rather than painful pinches.
0:59.0	Today we're talking about its importance and also how to make the most of it.
1:02.6	I'm Dylan Lewis and joining me to do that is the Motley Fool's resident answerer of
1:06.5	all things personal finance, Robert Brokamp.
1:08.9	Bro, thanks for joining me.
1:10.3	My pleasure, Dylan.
1:11.3	Great to see you.
1:12.3	Yeah, great to have you in studio with me.
1:14.6	I think the theme of this show is going to be that the foundational guidelines when it comes
1:20.2	to cash and how to manage it probably haven't changed very much and are going to be very
	...

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