Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Where to park short term funds at WF?
Old 07-10-2007, 01:32 PM   #1
Recycles dryer sheets
Join Date: Jul 2005
Posts: 423
Where to park short term funds at WF?

I switched over to Wellstrade a few months ago, thanks to the people on this board passing along the info about the free trades. I read that they just changed their cash sweep to something like 1.5% or something rough like that.

So, since I have free trades in many funds and ETFs, where do you guys stash the short term cash? I was thinking a short-term bond fund or ETF. Do you have any recommendation at WF specifically? I don't think you can get into the vanguard prime money market fund outside of vanguard, unfortunately, so I need a backup.


Olav23 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-10-2007, 01:42 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 7,663
I called up a couple Saturdays ago and switched my cash sweep to NWMXX which is a tax-exempt money market fund. Everything was completed on the Monday after my phone call. I did this when I figured out that I am in the 33% marginal tax bracket this year. This gives me about a 4.5% taxable-equivalent yield. I must write that the phone call experience was superb and everything was quickly taken care of.

[Edit to add] You can always buy a WF money market manually. I think the problem with that is some have minimum initial amounts and minimum subsequent additions. You should just call the phone number listed in the special mailing. It's a hot-line for these cash sweep questions.
LOL! is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ultra short-term bond funds safari FIRE and Money 32 11-20-2007 07:44 AM
L. T. Capital Gains Tax Treatment of Bear Funds? haha FIRE and Money 2 04-19-2007 11:36 AM
Short Term vs. Intermd Term Bonds TromboneAl FIRE and Money 35 07-21-2006 07:58 AM
is an a r m mortgage okay for a short term until you get back to work ? zuki FIRE and Money 12 10-20-2005 10:45 PM
Corus Bank Short Term CDs on the move again MJ FIRE and Money 8 07-21-2005 04:41 PM


All times are GMT -6. The time now is 06:34 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.