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Old 24.05.2019, 13:09
LuganoPirate LuganoPirate is offline
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Re: Best place to park temporary cash

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Good advice. OP just keep in mind transaction costs for such short duration investment in bonds. Easily 0.20% brokerage in + Stamp duty 0.15% + Custody 0.20% + 0.20% brokerage out. Ballpark about 1% annual yield lost for an 8 month bond investment.
Yes, I wasn't taking that into account, and in fact the brokerage costs can sometimes be more than the interest paid, which I believe is also subject to a 35% withholding tax*. So all in all for such a short period it's probably better to take a bank deposit box and store the cash there!

You could consider a US$ money market fund, but you'll have a currency risk.

*Which is declared on your tax return so you'll only pay at your top tax rate.
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