While the cat’s away the banks will play…that’s how I feel right now. I’m having a great time in Europe getting ready to move to Asia but I keep getting notifications of stuff happening back home with my financial accounts.
The latest thing was this gem below that my 5.05% CDs are being called. Oh well, at least I got the interest and my money back.
This is on the heels of potentially getting some bonds getting called too. By the time I get back I may end up with a pile of cash earning far lower interest rates depending on what the Federal Reserve does on Wednesday with interest rates.
I have already started moving to net credit collars on some bullish equities and ETFs such as GLD and IBIT but I don’t recommend those to anyone unless you’re an experienced investor and know how to trade and hedge options.
Compounding the problem is my rental property account is starting to accumulate too much cash and because it’s in a holding account at a bank, it’s earning paltry interest I need to move that money somewhere.
My biggest challenge is that it will be really hard to execute trades and transactions when I’m in Asia because the time zones will be flipped. Noon in the U.S. will be midnight for me and vice versa and it was a challenge last time I was in Asia to do anything with my portfolio.
The cash will accumulate until I get back or I stay up very late to sort this out.
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