What Are You Choosing For Liquidity

[Kylie A.]

To all the millionaires out there, where do you think is the best place to put your money to let it grow while still being able to pull it out when needed? Personally, I prefer being able to access my money without penalties since it's mine. Do you favor a Roth IRA, high-yield savings account, or life insurance as an investment tool? How do you balance growth and liquidity?

[Henry Clark]

Quote from @Kylie A.:

Quote from @Henry Clark:

OP looking at your previous posts you do wholesaling?  If you’re a millionaire liquidity is a small part of your investment strategy since the return is low.  Anything you do is fine since the objective is not higher return.  

 I like just be able to have cash and it not be stuck, yes I'm a wholesaler

I would approach this from a personal situation level.  How much cash?  How fast do you need it?  Why would you need it?  Don’t answer.  

A millionaire would have different approaches and answers probably.  

Example:  if a person had $10,000 in cash and that was 50% of their wealth they might do a money market account they can pull in 3 days.  If they had $200,000 in cash they might do a higher interest rate MM but have it tied to a loan to get a lower interest rate on the loan, but a higher return on the MM.