Optimizing Cash Balances
- The GreenVisor
- Sep 3, 2018
- 1 min read
Mid to large amounts of cash balances in a regular bank account allows you to have speedy access to funds whenever you need them. Keeping such cash balances for extended periods of time however, prevents you from earning additional funds from alternative income streams.
Diversifying your income using your own readily available cash is a smart way to finance your operations over long periods of time - more than 3 months. In deciding where to invest your excess funds, be sure to define your expectations and plan your cash needs for the next 24 months. Seek professional advise to help you make the best informed decisions on investment options that meet your needs.