The Fed in an attempt to save face for overly aggressive rate hikes, has followed through with the anticipated rate cut of 25 bps. And of course we all know of the preemptive cut at Ally Bank and others to 2.20% on savings. Some say the Fed will continue to save face with additional cuts this year in view of harsh criticism from Trump. And justly so as the economy is in great shape with scant inflation. But what if they keep cutting; where can I earn a decent return without locking my money up in a CD? Fidelity Money Market (SPAXX) had a 7-day yield of 2.03% prior to today's (07-31-19) Fed action. So, it's yield will probably be shaved as well. I for one will probably look into shifting my cash to a REIT Index ETF. I've done research on about a dozen candidates and one with the lowest expense ratio is Fidelity (FREL) at 0.08%. The recent price was 26.38 with a yield of 4.74% paying .233 cents per share per quarter. In an interest rate cutting environment, it's tough to get a decent return so REIT ETF's might be a good alternative for those willing to take on some price risk. .
Any ideas for no money down real estate opportunities? Or an exciting new MLM? TIA.