No. of Recommendations: 5
Couple of thoughts:
I've found treasury.gov really easy to use. 1month (or any other duration) T-bills directly from the USG. No question of breaking the buck as with money market funds. You can set up auto-renewal and the proceeds flow into your bank account each month. Fido will also let you purchase Tbils directly.
Slightly more risky is TBIL, an etf of 3month Tbills. Only say that because your counterparty isn't the USG. But you can sell at any time, so better liquidity than the 1month T-bills.
As for non-US, Jim has mentioned WIP, an etf of non-US inflation-protected bonds. Currently ~2% FRG bonds, 1.5% Spain, 1.35% Poland, 1.3% NZ. You aren't going to get rich quick on it but as a way to diversify and have some inflation-protection it will do.
Rgds,
HH/Sean
