What are the differences between td ameritrade's cash sweep and cash balance options when it comes to managing cryptocurrency investments?

1 answers

• Robert BeardOct 13, 2024 · 8 months ago
  When it comes to managing cryptocurrency investments, td ameritrade's cash sweep and cash balance options offer different approaches. The cash sweep option automatically invests any uninvested cash in your account into a money market fund, which can potentially earn you a small return on your cash. This can be a convenient option if you want your cash to work for you without any manual intervention. On the other hand, the cash balance option keeps your uninvested cash in your account without automatically investing it. This gives you more control over your cash, allowing you to manually invest it into cryptocurrencies or other assets whenever you want. So, the choice between the two options ultimately depends on your preference for automation or manual control in managing your cryptocurrency investments.
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