Hi Allen,
I have always managed the cash portion of my AIM investments together. I hold the majority of my cash in short term bonds and money market funds. Your choice of vehicle is tricky, because a big part of maintaining cash balances is to reduce risk. I am not overly familiar with your US choices, but my guess is some of these funds could carry an increased risk component to pay these types of dividends. REITS in particular bother me for that type of risk management. Most are susceptible to interest rate fluctuations and we all know which way rates are going over time. I appreciate your search for better returns, but be careful. I lean towards short term ladder Bond ETFs because they offer a smaller risk and reduced interest rate pressures. I don't get those returns, but I know my money is there when I want it. Just my take on it.
Please keep in mind my approach to investing is based on what I need as a retired old fart. Capital preservation is high on my list of priorities and I don't need to make big returns to live.
Marv
