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It’s hard to resist a good deal, and today’s high interest rates on short-term TreasurysBX:TMUBMUSD01Y and CDs are luring in even wealthy investors who have financial advisers handling their affairs.
You might think that paying a professional to manage your money would involve all sorts of private deals, hedge funds or business opportunities, and often it does. But that is usually only a small portion of a wealthy person’s asset allocation. The majority involves the same nuts and bolts as in most people’s portfolios, making…
