This spring, tens of thousands of people who own or lease a Mercedes-Benz vehicle are receiving an unusual direct-mail offer: an invitation to invest in short-term securities from Mercedes paying a 2.5% annual rate.
That looks like a limousine of yield alongside the jalopy rates of less than 1% you get right now on most bank accounts, certificates of deposit or money-market funds.Whether the Mercedes cash vehicle or others like it are right for you depends primarily on whether you think of cash as an offensive or defensive investing weapon…
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This article was originally published on The Wall Street Journal.
Further reading
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Devil’s Financial Dictionary
Benjamin Graham, The Intelligent Investor