A Way to Invest More Cash

I wrote in the last post that I was not satisfied with any of the so-called money market or short-term bond funds available in Europe. It was a real problem because I wasn’t comfortable investing more cash into risky assets. And there were no safe assets.

Today I had a bit of an epiphany on that. I could sell some assets in Canada and buy the near equivalent asset in Europe. For instance, I can sell an S&P 500 index fund in Canada and buy one in Europe. That frees up more money in Canada, which can go into the money market and bond funds.

Effectively transferring the “stock market” assets to Europe and keeping the safer bond assets in Canada.

I’m going to do this today. I’ve already identified 4-10% of assets in Canada to sell that could be shifted in this way.

Can I make my 90% invested goal today? Or at least this week? It’s possible!

And then the fun begins again when I get paid on Thursday. This trick can only be done once. I’ll have to find a good home for the money on Thursday.

Also, as I said yesterday, I don’t particularly appreciate that European funds rarely pay monthly. That will put a crimp on my excitement when dividends come in. And make my dividend income lumpier.