BIL - SPDR Bloomberg 1-3 Month T-Bill ETF

Nick recommends parking cash dry powder in short-term U.S. debt because it is the 'cheapest place' to hold cash while waiting to buy the dip, though it still carries some inflation drag.

Presenter advises buying Treasury bills directly so that the roughly 4% interest goes to you instead of stablecoin issuers.

T-bills are mentioned as a safe asset to hold during periods of inflation and government dysfunction

Recommends BIL as a good short-term place for cash. It's a T-bill ETF. Also recommends buying T-bills directly from Treasury website for large cash positions over $250K to avoid FDIC limits.