Zach Abraham Discusses Options for Cash in the Wall Street Journal

Zach Abraham Wall Street Journal

With interest rates so low, many consumers wonder where to find the best place for their savings. High-yield savings accounts are now paying around 0.6%, while the national average for traditional savings accounts is a meager 0.05% according to the FDIC.

Other options that offer more yield, however, often mean taking on more risk and sacrificing liquidity.

“If you think you see something higher than 2%, with liquidity, be very careful—there’s no silver bullet here,” says Zach Abraham, Chief Investment Officer at Bulwark Capital Management.

Zach told the Wall Street Journal that he’s seen people think outside the traditional options, looking instead at accounts with transactional requirements such as balance thresholds or debit-card usage. He has spoken to some clients about moving cash to CDs that fit their timeline. As of October 2020, the national average for 2-year CDs is 0.23% according to the FDIC.



Read the whole article here:   (subscription to Wall Street Journal required) https://www.wsj.com/articles/stashing-cash-in-a-low-interest-world-11602149402 

Or Download the PDF.




The Wall Street Journal article quickly went viral around the globe, reaching millions of readers:


QQ China 57,048,000 https://new.qq.com/omn/20201014/20201014A01EAY00.html

ADVFN – US USA 8,067,000 https://www.advfn.com/stock-market/stock-news/83450961/u-s-stocks-drop-as-earnings-season-begins

Morningstar USA 8,024,000 https://www.morningstar.com/news/dow-jones/202010138472/us-stocks-drop-as-earnings-season-begins

La Republica Colombia 2,092,000 https://www.larepublica.co/globoeconomia/las-acciones-estadounidenses-caen-a-medida-que-comienza-la-temporada-de-ganancias-3073156

Marketscreener USA 2,081,000 https://www.marketscreener.com/news/latest/U-S-Stocks-Drop-as-Earnings-Season-Begins–31533030/

ADVFN – UK UK 2,084,000 https://uk.advfn.com/stock-market/stock-news/83452201/u-s-stocks-end-lower-as-earnings-season-begins

Beursduivel Belgium 1,054,000 https://www.beursduivel.be/Beursnieuws/601995/Wall-Street-op-verlies.aspx

Beursgorilla Netherland 729,038 https://www.beursgorilla.nl/beursnieuws/601995/Wall-Street-op-verlies.aspx

Beleggen Netherlands 455,046 https://www.beleggen.nl/financieel_nieuws/602011/Wall-Street-sluit-lager.aspx

ADVFN – Australia Australia 1,879 https://au.advfn.com/p.php?pid=nmona&article=83452201