After making a contribution to one of my accounts (with Ameriprise), I noticed that it is sitting in something called Cash Equivalents. Does this mean my financial planner has not yet invested the latest contribution with the rest of the money in the account?
The “cash equivalent” amount in question currently represents 10% of that specific investment.
Also, my wife’s monthly contributions to her Ameriprise account are designated as cash equivalent as well… should we expect these contributions to actually get invested immediately?
Submitted September 21, 2021 at 08:20AM by TIBF https://ift.tt/3hSvBTa
