Excess cash in your brokerage should be put into a money market fund. For example, at Schwab you can use [SWVXX](https://www.schwabassetmanagement.com/products/swvxx). The key point is many brokerages won't automatically sweep to this for you, so it requires you to do trades. You can find good money market funds at [Yieldfinder](https://yieldfinder.app/money_markets).
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If you don't do this yourself, your brokerage will love your idle cash sitting around which they will use to invest and earn them, and not you, money. Every bank, brokerage, and fund wants to hold your money, pay you very little interest, and then go make money off of your money.
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I generally hold very little cash because inflation quickly eats into its value. I'd rather put that money to better use. This brings me to the next point: putting capital to its best use.
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If you don't do this yourself, your brokerage will love your idle cash sitting around which they will use to invest and earn them, and not you, money. I generally hold very little cash because inflation quickly eats into its value. I'd rather put that money to better use. This brings me to the next point: putting capital to its best use.