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A lot of people park their cash in SPACs at NAV and pull them when a deal is announced (but before the merger). You get the treasury rate (minus expenses) with
by drexlspivey 4y ago
A lot of people park their cash in SPACs at NAV and pull them when a deal is announced (but before the merger). You get the treasury rate (minus expenses) with a chance of a pop if an exciting deal is announced. It really is a +EV situation and if you did that last year you made a ~1.5% ROI as opposed to the -15% of the S&P