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Old 09-01-2012, 01:40 PM   #21
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After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.
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Old 09-01-2012, 01:47 PM   #22
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6 months of expenses in MM, 3 years expenses in Vanguards Short-term Investment Grade (VFSUX). YTD Total Return 3.55%, Yield 2.56%, Duration 2.4 years.
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Old 09-01-2012, 02:44 PM   #23
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Operating cash...credit union savings account
Emergency fund and infrequent individual stock purchasing...VYFXX (VG NY TE money market fund)

Income generating TE bond funds include VWALX, VMLTX, and VWITX. I occasionally tap the VWALX dividends for a few months for large purchases (like my new John Deere lawn tractor), otherwise all reinvested.
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Old 09-01-2012, 10:27 PM   #24
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After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.
What the heck happened?
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Old 09-01-2012, 10:31 PM   #25
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[QUOTE=

I've said it before, and I'll say it again, 5 yr CD's w/ Ally.[/QUOTE]

For a minute, I thought "huh? With me?"
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Old 09-01-2012, 10:58 PM   #26
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MUB...No commission through FIDO and I like/need the tax free $$$.
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Old 09-02-2012, 11:12 AM   #27
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MUB...No commission through FIDO and I like/need the tax free $$$.
In what sense is this cash, or parking? It appears to me to be an investment in a municipal bond index. I didn't see the effective average duration, but it is described as having "various maturities", and in the risks section of the prospectus, interest rate rises are given as a risk.

Ha
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Old 09-02-2012, 07:57 PM   #28
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VFUX

EDIT: VFSUX [sorry for typo]

Short term investment grade bonds. Some principal risk, but beats money market or checking. (Also keep a month of living expenses in BoA checking--which provides zero yield, for all intents . . .)
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Old 09-03-2012, 11:12 AM   #29
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Thank you all for answers!
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Old 09-03-2012, 01:31 PM   #30
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In what sense is this cash, or parking? It appears to me to be an investment in a municipal bond index. I didn't see the effective average duration, but it is described as having "various maturities", and in the risks section of the prospectus, interest rate rises are given as a risk.

Ha
I guess it depends what we are calling parked cash.
I call it money that needs to be semi liquid, such as next years vacation, the new car in a few years, money to fix the roof if a tornado eats it, money that is waiting for a dynamite long term investment, and money for this years Christmas gifts.
Money for the immediate bills simply stays in a fee free checking account and money that may be spent within 6 weeks is in MM fund.
MUB is not without its risks for sure, but I think it is manageable, and given that it is an ETF, shares can be traded instantly and without cost.
When I say manageable, I mean daily observation of the movement. It is not a set/forget option.
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Old 09-05-2012, 12:51 PM   #31
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Old 09-06-2012, 07:12 AM   #32
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I am parking my emergency funds with AmEx Personal Savings. Only paying 0.8% though.
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Old 09-06-2012, 09:14 AM   #33
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Equal chunks in ultrashort term and short term bond funds. Use PIMCO and others. I get to buy at NAV s
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Old 09-06-2012, 09:51 AM   #34
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I sure miss the days (not so long ago) where I parked my cash in my GMAC Demand Notes (now Ally) account and earned 4.5% guaranteed!
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Old 09-06-2012, 10:31 AM   #35
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After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.
How did you lose principal?
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Old 09-06-2012, 09:17 PM   #36
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Of course another question might be if the ATMs stopped working how long would it be until you run out of cash. It is interesting that the folks who lived thru the bank runs in 1932 tended to keep a couple of weeks of cash on hand. Today the only problem might be security, as effective zero interest rates make the forgone cost (in missed interest) much less.
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Old 09-06-2012, 10:44 PM   #37
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What the heck happened?
Since I hope to someday recover it, better I don't describe. I can say I've learned to not trust that company. A very expensive lesson.
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Old 09-07-2012, 08:05 AM   #38
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Quote:
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After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.
Quote:
Originally Posted by pb4uski View Post
What the heck happened?
Quote:
Originally Posted by GrayHare View Post
Since I hope to someday recover it, better I don't describe. I can say I've learned to not trust that company. A very expensive lesson.
Sorry to hear of your troubles with Discover Bank. I have had an account with them for over 2 years and never a problem and have had a relationship with Discover Card for over 20 years and am happy with their service.

Are you suing them for damages?
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Old 09-07-2012, 08:25 AM   #39
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rphyx and dltnx
+1 on RPHYX Riverpark Short Term High Yield - the fact that this fund has high yield in its name is a bit misleading, as this fund is one of the best places to see cash grow reasonably safely at a decent yield.
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