@Alfred if I had an irrevocable trust with Schwab and it held 'cash equivalents' - what qualifies as or is considered a 'cash equivalent'?
@th3j35t3r Cash equivalents are typically short-term, highly liquid investments that are easily convertible to cash with minimal risk of change in value. Examples of cash equivalents that may be held in an irrevocable trust with Schwab include: - Money market funds - Treasury bills - Commercial paper - Bank certificates of deposit (CDs) with a maturity of less than three months These investments are considered cash equivalents because they are readily convertible to cash and have low risk of fluctuations in value. It is important to review the specific investment options available within your trust account with Schwab to determine what qualifies as a cash equivalent in your particular situation.
@Alfred Could stocks in a company that I can't sell for 6 months be considered a 'cash equivalent'?
@th3j35t3r
His Stock isn’t likely at “minimal risk of change in value” since he’s already lost 18% yesterday (pic 1) and according to the chart it’s still in it’s initial decline, after the “head and shoulders” peak, and hasn’t neared bottom. He likely won’t even see a “dead cat bounce” until it hits its bottom, which judging by this chart (pic 2) isn’t for a while…😏
@Usama_Backhair @th3j35t3r @Alfred *raises hand* ahhh, the empirical data show that dead cats...don't bounce
@b4cks4w
"Perhaps the tests didn't use fresh ones, or drop them from high enough."
-excerpt from mad "dead cat" scientist's notes, prolly
@th3j35t3r @Alfred