[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]Often we have cash sitting in our checking or brokerage accounts earning a tiny interest. Another common scenario is when the interest rates in our various accounts change and we do not reallocate our balances promptly. Consequently we lose income from interest on our hard earned money. We often wished that there was a tool that would help us reallocate our cash intelligently.
Bingo! Etrade has come up with a simple yet effective tool named "Intelligent Cash Optimizer". It claims to make it easy for us to maximize the earning potential of our uninvested cash. Here are some of the main features of the tool:
Bingo! Etrade has come up with a simple yet effective tool named "Intelligent Cash Optimizer". It claims to make it easy for us to maximize the earning potential of our uninvested cash. Here are some of the main features of the tool:
- We can model the optimization of the cash based on the APYs available in the various Etrade accounts .
- The tool provides easy sliders to increase / decrease the cash in each account during the modeling phase.
- In the next step, we get to see how the model performed as compared to our current state and the increase in interest based earnings.
- If we like the results we go ahead and take action else we can tweak our model until we the results are satisfactory.
- Click here for a Demo
