I really like your take. Also Fidelity offers a Cash Management Account(https://www.fidelity.com/cash-management/fidelity-cash-management-account/overview https

I really like your take. Also Fidelity offers a Cash Management Account(https://www.fidelity.com/cash-management/fidelity-cash-management-account/overview https://www.fidelity.com/cash-management/fidelity-cash-manag...) that is insured up to 1.25 M. That's a lot of money(at least for me). I think for people that are not rich, and need a certain amount of money saved in their account for rent, utilities, etc... a market downturn will put them in a pretty horrible situation. Imagine you get paid 3000 at the end of the month by your employer, and the next day you have only 2100 left, how do you make up for the difference?