Mike Philbrick Horizons 0-3 Month U.S. T-Bill ETF CBIL-T BUY Jul 24, 2023

Invests in 0-3-month Canadian t-bills, so returns are guaranteed. The current 4.23% yield and the yield to maturity is 4.98%. The MER is only 11-15-points, so very low. Yields have to rise in the face of inflation, so that helps increase this yield. It holds cash in your portfolio during current volatility.

The 12-month yield is 3.8% and the net indicated yield is 5.2%. Very safe. These are Canadian government T-bills.

You can but 3-month T-bills yourself. IF this charges an MER, it wipes out your gains.

Generally with ETFs, you're in and out the same day, so you have instant liquidity. If he was concerned about a downturn, he'd just look at a daily high interest ETF like HISA or PSA. Those ones give you 5-5.5% right now, and next day liquidity.

Pays 4.25%, not bad for a risk-free asset. He prefers government to corporate bonds for its lower risk.

A great buy at the time. Paying only about 2.85% now. He might start looking at other options that pay a higher yield, perhaps some of the banks.

The more in money market you are, the safer it is because the time to maturity of holding assets is lower. So the shorter the duration, the safer. The more government, the safer, but also a lower yield.

For an enhanced money market yield, he really likes ZST.