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They do - it's called buying T bills.
by philjohn 4y ago
They do - it's called buying T bills.
- jedberg 4y agoI can't pay for groceries or rent with a T bill. I still need a bank account with a checkbook or debit card to do those things.
- t0mas88 4y agoThat bank account only needs to hold about 1 month of expenses. Not a lot of people have over 250k monthly expenses...
- jedberg 4y agoA lot of businesses do though. Also, what if you're buying a house? You might want to keep the down payment around in cash for a quick purchase when you finally find the house you want. Or what about if you need to pay out some large expense and have to liquidate your investments. You shouldn't have money at risk just because you need to hold a large cash position. That's the problem. There should be a risk free place to hold unlimited cash.
- deleted 4y ago[deleted]