AWM Insights Financial and Investment News

With short-term interest rates currently hovering above 5% and inflation remaining elevated, the proposition of holding too much cash can be a costly one.

Cash gives investors security, immediate accessibility, and certainty as there are FDIC assurances that prevent total losses, but the cost of those elements is missing out on having that money work for you.

Checking accounts still have very low-interest rates relative to what can be realized in the fixed-income markets, and no one gets paid to store cash under their mattress.

Being intentional with cash balances and making sure your money continually works for you is a small way to continue to build and own your wealth.

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Episode Highlights

  • 0:00 Intro
  • 0:41 The Importance of Cash Management
  • 2:42 The Behavioral element of holding cash and a protective reserve
  • 4:40 Inflation’s Impact on Cash
  • 6:19 Why the current interest rate market is attractive and rewarding investors that hold less cash
  • 7:55 What about CDs?
  • 9:53 Text us!

What is AWM Insights Financial and Investment News?

A bite sized discussion on timely financial news and investment topics, to help you maximize your net worth and wealth for the next generation with Justin Dyer and Mena Hanna of AWM Capital.