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Cash sweep in Schwab is like 0.5%, it's nothing. But this is how they make their money, turning around and lending at 8%. But you can just as easily buy a shor
by anonu 3y ago
Cash sweep in Schwab is like 0.5%, it's nothing. But this is how they make their money, turning around and lending at 8%.
But you can just as easily buy a short duration Treasury ETF yielding 5%+ or a CD.
- zie 3y agoOr even Schwab MMF's, which are reasonable. It's mostly just the default that's terrible on return.