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Cash Throwdown Challenge - CLICK TO WATCH

Apr 02, 2024 | Nora Yousif


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Financial Advisor, Nora Yousif CFP®, CDFA®, challenges you to do more with your cash! Interest rates are at 22-year highs and there are a number of ways to take advantage of this financial environment. Contact us to discover what's best for you.

Nora Yousif

I challenge you to do more with your cash now before it's too late! Otherwise, it's losing purchasing power and having complete FOMO missing out on the opportunity to get you some decent returns without having to take a whole lot of risk, compare to the stock market. What I mean is investing it in fixed income, which is where you take your cash, lend it out, and collect interest. You can lend your cash out to the government through a Treasury Bill, to a bank through a CD, or corporation or municipality through a bond. In all of those situations, we are at twenty-two year highs of interest that you could be collecting and putting into your pocket today. And this is all a result of the government jacking up interest rates to calm that inflation and pump the brakes on the economy - all of which to your benefit. If you're curious to know the best interest rates that I'm finding out there for clients, or which of those options is best suited for you depending on the income tax bracket you're in, go ahead and send me a message. Otherwise, share, like and follow for more Empowering Tips.

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Disclosures

The views presented herein are solely those of Empower House Financial Group and do not necessarily represent the views of RBC Wealth Management. The current status of issues discussed in this article is subject to change based on market conditions and industry fundamentals. Clients should work with their Financial Advisor to develope investment strategies tailored to their own financial circumstances. Past performance is no guarantee of future results. 

Kevin Williams, NMLS # 1863644, and Nora Yousif, NMLS # 1864498 through City National Bank, may receive compensation from RBC Wealth Management for referring customers to City National Bank. Banking products and services are offered or issued by City National Bank, an affiliate of RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC and are subject to City National Banks terms and conditions. Products and services offered through City National Bank are not insured by SIPC. City National Bank Member FDIC.

Investment products offered through RBC Wealth Management are not FDIC insured, are not guaranteed by City National Bank and may lose value.