Cash, bond portfolio or other option?

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What are you suggestions for the best yield on cash/bonds/hisa for a ~$200K emergency fund? My cash account is paying 3.25%, and WS just launched this bond portfolio at 4% net fees. Any other strong options you would suggest looking at?

https://www.wealthsimple.com/en-ca/managed-investing/bond-portfolio

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Asked on January 27, 2025 2:54 pm
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Hey there. Difficulty with bond funds is they can still have pricing volatility to both the upside and downside. So for an emergency fund, as in money you may need tomorrow, next week, next month, etc, I wouldn't go any farther than just a HISA ETF, money market ETF, or even a savings account at something like Wealthsimple or EQ Bank.

I hold short term cash in things like UBIL.U (This is for USD only, paying north of 4.25%), CASH.TO, and ZMMK.TO.

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Posted by Dan Kent
Answered on January 29, 2025 1:30 pm
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