I'm trying to vet a recommendation I got for where to park a chunk of money (~20k) for an unknown amount of time (months – years?). I was hoping your more market-savvy minds could shed some light on pros/cons that I haven't considered. I am having a hard time finding hot takes on this on my own…
The recommendation was for UTWO: ” a passively managed, single-bond fund that invests in the most recently issued, “on-the-run,” 2-year US Treasury note.”
I don't know too much about this whole realm of things, but from what I hear it's got a 4.3% yield, and given how uncertain and dangerous the economy is looking this is a relatively safe bet – and better than keeping the money in a bank account or committing to buying bonds on my own.
Any thoughts/help would be appreciated. Thanks!
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