Putting Idle Cash to Work | TIGER 21 Founder Featured in CNBC.com


Jennifer Shraim

Published On

March 1, 2023

Published In

Press Article

TIGER 21 Founder and Chairman Michael Sonnenfeldt was recently featured in a CNBC article titled, “Six-month Treasury yield tops 5%. Here’s how you can put your idle cash to work.” The article dives into how rates on U.S. Treasurys have grown even higher, meaning people don’t have to look too far to safely grab some yield for their cash holdings. The yield on six-month Treasurys have surpassed 5% and even 1-month bills tout rates of 4.5%, which are especially attractive for income-focused investors.  

According to Sonnenfeldt, rising interest rates are creating short-term opportunities to earn higher yields on liquid assets. He noted that TIGER 21 Members are still putting money to work in the long term in real estate and equity, building out a portfolio of issues with different maturities and then reinvesting proceeds as the bonds mature, allowing them to manage interest rate risk.  

Read the full CNBC article (behind a paywall) here: 

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