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Alternatives for cash (Fidelity)
Old 11-14-2017, 07:00 AM   #1
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Alternatives for cash (Fidelity)

Hello,
I'm holding some of my portfolio in cash. Like 5%. At Vanguard, I put it in Vanguard short term investment grade but I'm not sure where to go with my Fidelity ROTH. Does Fidelity have a short term bond fund that will give me 2% yield more or less and have a super low expense ratio? Doesn't Fidelity waive all charges on its mutual funds (vs. ETFs) -- I won't be insulted if you call me out on my research laziness ... I thought these questions could be answered with 5-8 mouse clicks but I'm actually having a hard time getting them. Just looking for a place ALMOST as safe as cash with super low expense ration and 100% liquidity.

Thank you!
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Old 11-14-2017, 07:06 AM   #2
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There are many ETFs that Fido offers for $0 transaction fees. Fido has a ETF search tool.
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Old 11-14-2017, 10:00 AM   #3
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Fidelity Taxable Bond Funds Short-Term Performance

Click on Investment Category column and it'll sort for ya.
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Old 11-14-2017, 12:38 PM   #4
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You can purchase VCSH etf--Vanguard ST bond fund ETF--same as the mutual fund for 4.95(?) to get the 2.18%. This ETF isstill one of the best choice I have found for ST money.
Alternatively if you want near zero risk, Fidelity's money market fund is yielding 1% SPRXX.
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Old 11-14-2017, 12:49 PM   #5
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Why would one put cash/MM in a Roth?
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Old 11-14-2017, 05:15 PM   #6
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Quote:
Originally Posted by pb4uski View Post
Why would one put cash/MM in a Roth?
cuz he is a market timer? Or wants little risk in his portfolio. Just answered his question, not the one he should have asked ;-)
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Old 11-14-2017, 05:41 PM   #7
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Quote:
Originally Posted by nwsteve View Post
You can purchase VCSH etf--Vanguard ST bond fund ETF--same as the mutual fund for 4.95(?) to get the 2.18%. This ETF isstill one of the best choice I have found for ST money.
Alternatively if you want near zero risk, Fidelity's money market fund is yielding 1% SPRXX.

+1.
Short term is in the eye of the beholder.... For 2-3 months spending, we use FIDO's money market index fund. For a ~2 year horizon, we use a CD ladder - not much oomph, but near zero risk. But as a SHTF backstop, we keep about a year in cash.
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Old 11-14-2017, 08:44 PM   #8
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One reason to keep some Roth money in a money market is for an emergency fund. You can take it out tax-free. Comes in handy if your old clunker finally dies, or you need a new roof.
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Old 11-16-2017, 07:17 AM   #9
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I didn't really put cash there. It's just the proceeds from selling a couple of positions and I'm not ready to put it to work yet. I'm sort of market timing in the essence that I feel the market is overheated on a quintile basis and so I'm holding about 10% cash across the board. (vs. 2-3% usually)
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