Q: Recently I have found the TBIL and ZMMK ETFs to be a safe place to keep my cash and earn a half decent return.
However, the upcoming US elections, the upheaval in the Middle East, Ukraine, and the ongoing threat to global oil prices, is increasing the possibility of a sudden spike in interest rates, and a complete reversal of the current narrative of lower rates.
How would TBIL and ZMMK be affectted by such a turn of events (i.e. a spike in interest rates) and more generally, what investment asset classes would you recommend that would best mitigate such risks.
Thank You
John
However, the upcoming US elections, the upheaval in the Middle East, Ukraine, and the ongoing threat to global oil prices, is increasing the possibility of a sudden spike in interest rates, and a complete reversal of the current narrative of lower rates.
How would TBIL and ZMMK be affectted by such a turn of events (i.e. a spike in interest rates) and more generally, what investment asset classes would you recommend that would best mitigate such risks.
Thank You
John
Q: There is the usual 15% withholding tax on the interest received from this TBIL. Is this tax recoverable at income tax time? If not, can you suggest a fund or ETF where there is no withholding tax? Thank you. cheers
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Purpose High Interest Savings Fund (PSA)
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SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)
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Global X Cash Maximizer Corporate Class ETF (HSAV)
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Global X High Interest Savings ETF (CASH)
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US Treasury 3 Month Bill ETF (TBIL)
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Global X 0-3 Month U.S. T-Bill ETF (UBIL.U)
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Global X 0-3 Month T-Bill ETF (CBIL)
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High Interest Savings Account ETF (HISA)
Q: I need to sell 1/3 of my portfolio and park the cash for 3-6 months. TD will not allow me to buy PSA, CASH, HISA, or HSAV. Can you recommend a few other good options.
Thank you,
Derek
Thank you,
Derek