Quote:
Originally Posted by p1mpdogg
every weekend, wells fargo oes this thing called a sweep and i make more money that way than doing a typical brokerage acct
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Is that like ATM Vault Sweeps where your cash gets used in ATM's over the weekend?
I have done a similar thing here and the returns are outstanding, money is 100% bank guaranteed, but leaves brokerage or interest bearing accounts in the shade.
The key requirement is there must be CASH available, and then usually in $40k lots (that's what the standard ATM cartridge holds in 50's) no paper transactions, they actually remove real cash for ATM vault cash requirements.
Averages out at over 30% annual return.
Shame can't do it everyday.
