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Old 03-27-2014, 07:10 AM   #21
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Love your humor! I use Vanguard's mm and short term muni bond fund for cash......mm pays .01% while short term muni pays .60%, going up or down minimumly as rates change. No taxes to worry, check writing priviliges if I need the cash and a some return on my money.

DW still clips coupons, both shops and donates to the Salvation Army Store, and my cash in my wallet is safe......not so sure about my credit cards, however.
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Old 03-27-2014, 10:00 AM   #22
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I'm confused why anyone would have money in vanguard or other money market paying .01%. The online savings from Amex/Ally/etc pay about .8% and are FDIC insured.
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Old 03-27-2014, 10:26 AM   #23
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I'm confused why anyone would have money in vanguard or other money market paying .01%. The online savings from Amex/Ally/etc pay about .8% and are FDIC insured.
One might want to be nimble in the market and have money positioned at Vanguard to rebalance into stocks on a dip.

I keep sometimes $20,000 to $100,000 in a money market at my broker instead of a higher yield saving account because I may not want to wait 2 or 3 days for a ACH transfer to go through.
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Old 03-27-2014, 04:16 PM   #24
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One might want to be nimble in the market and have money positioned at Vanguard to rebalance into stocks on a dip.

I keep sometimes $20,000 to $100,000 in a money market at my broker instead of a higher yield saving account because I may not want to wait 2 or 3 days for a ACH transfer to go through.
+1 In my case I know/hope it is temporary so I'm willing to tolerate it for a bit.
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Old 03-27-2014, 05:28 PM   #25
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I'm confused why anyone would have money in vanguard or other money market paying .01%. The online savings from Amex/Ally/etc pay about .8% and are FDIC insured.
Nothing like keeping a few bullets in the gun for the right moment..
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Really, what IS cash
Old 03-30-2014, 02:12 PM   #26
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Really, what IS cash

Any retirement accounts that are deferred or exempt from taxes are tied to regulations that do not make them liquid. They would not be considered cash.


Cash is cash, silver or gold, bank accounts that are fully taxable, and what's in your wallet or piggy bank.
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Old 03-30-2014, 04:04 PM   #27
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I'm confused why anyone would have money in vanguard or other money market paying .01%. The online savings from Amex/Ally/etc pay about .8% and are FDIC insured.
Currently I use a Vanguard MMF for my calculated cash draw for the upcoming year. I keep this in my taxable retirement account since there is the possibility I will make some other income during the year, which would not require me to take the full draw from the taxable retirement funds. Hence I save on taxes that I would have to pay on the withdrawal. On the other hand, it is there should I need to take the entire withdrawal. It just simplifies things for me, and the tax consequences are potentially greater than the small loss in interest income.
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Old 03-31-2014, 05:42 PM   #28
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What really is cash?
I think cash is..
Anything in the bank
Anything in my wallet
I rarely have more than $20 in my wallet.

To me cash is what is in my Ally online account (.87% APY)+ what is in my USAA savings acct (APY 10%)+ what is in my USAA checking acct ($1000) + the balance of my VG STB fund.

It all adds up to about 18 months of expenses at our place.
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