Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Anyone using MINT ETF for their cash?
Old 04-23-2019, 04:55 PM   #1
Thinks s/he gets paid by the post
njhowie's Avatar
 
Join Date: Mar 2012
Posts: 3,925
Anyone using MINT ETF for their cash?

I have accounts with Merrill Edge and Robinhood, neither which pay interest on cash balances. I'm considering pushing a good chunk of my cash into MINT ETF which seems like a good alternative to a money market fund and is available through both Merrill Edge and Robinhood utilizing commission-free trades.

The long-term chart looks rock-solid and it pays monthly.

http://www.pimcoetfs.com/Funds/Pages...ategyFund.aspx

https://www.morningstar.com/etfs/arcx/mint/quote.html

Thanks.
njhowie 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 Early-Retirement.org 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 04-24-2019, 09:28 AM   #2
Dryer sheet aficionado
 
Join Date: Apr 2019
Posts: 38
I've not used MINT, but I know people who have and I've researched it. I think it depends what you want to do with the money, and if you're willing to accept additional risk (granted, very slight) of loss of capital to achieve slightly higher returns.

I'm approx. 3 years out from retirement, so I'm still in contribution mode, but I do have about 40% of my portfolio currently in cash/bonds, so return is important. But so is capital preservation, as I intend to deploy some of the cash back into equities in the case of a market decline.

Personally, I use Vanguard Treasury Money Market (VUSXX). It returns slightly less than MINT, but invests solely in short-term US Treasuries rather than bonds. They seek to provide a stable $1 share price, and have a long track record of doing that, but that's not guaranteed.

Another option is a Money Market account at an internet bank like Ally, which is FDIC insured and currently paying 2.20%
Ducati52 is offline   Reply With Quote
Old 04-24-2019, 09:35 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
I use MUB for my short term cash. Yes, it has a bit a risk to it, but not much. Tax free yield right now is about 2.47% I keep very, very little true cash. There are too many other sources of immediate funds if I need something within hours. Most of my expenses are known 30 days or more out.
COcheesehead is offline   Reply With Quote
Old 04-24-2019, 10:43 AM   #4
Thinks s/he gets paid by the post
njhowie's Avatar
 
Join Date: Mar 2012
Posts: 3,925
Thanks guys - appreciate the replies.

I would gladly choose a true money market ETF if there were one, but of the few that I've found which are close, MINT seems the closest/best which Merrill Edge and Robinhood allow to purchase.

Ducati - I have/want to keep the cash balance in the brokerage accounts at Merrill and Robinhood, so an ETF strikes me as the most straightforward way to accomplish it. I do have other accounts which pay money market rates (like Fidelity SPAXX/FZFXX), however I don't want to be ACHing the money around when I want to purchase something or after I sell.

COcheesehead - they both do allow purchasing MUB. However, MUB has duration of about 6 years which is a bit out there for what I'm looking for. MINT is down around 3 or 4 months.

Thanks again for the inputs.
njhowie is offline   Reply With Quote
Old 04-24-2019, 10:54 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,973
How about SPTS as the fee is extremely low .07% compared to the .42% of MINT
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 04-24-2019, 10:56 AM   #6
Thinks s/he gets paid by the post
njhowie's Avatar
 
Join Date: Mar 2012
Posts: 3,925
Quote:
Originally Posted by Sunset View Post
How about SPTS as the fee is extremely low .07% compared to the .42% of MINT
Thanks! I need to check that one out.
njhowie is offline   Reply With Quote
Old 04-14-2020, 07:27 AM   #7
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 1,951
Sorry to dig up a dead thread, but MINT showed up on my radar last night after googling JPST (JP Morgan Ultra-Short Income ETF)
Any updates on MINT, SPTS, or other ultra-short term bond funds in lieu of MMs?
Spock is offline   Reply With Quote
Old 04-14-2020, 08:12 AM   #8
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,934
MINT dropped 4.8% in March. I don't think it's equivalent to a MM fund, unless it's one that breaks the buck in times of stress.
__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 04-14-2020, 08:53 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,515
Not sure it has returned enough historically to make it interesting as a cash alternative, particularly given ETF format and the drawdown in March.

Perhaps it will be better in our current lower rate environment.
Montecfo is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
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
when are treasury bond etf's not treasury bond etf's ? mathjak107 FIRE and Money 1 07-20-2015 08:26 AM
Anyone else use Mint.com? bank5 Other topics 16 04-11-2009 08:31 AM
Using a short ETF LOL! Active Investing, Market Strategies & Alternative Assets 18 01-05-2009 07:03 PM
New ETF: Sudan-Free social ETF Olav23 FIRE and Money 2 06-28-2007 09:03 AM
Anyone know a credit card that gives reward points for using their checks? Olav23 FIRE and Money 5 01-08-2007 02:37 PM

» Quick Links

 
All times are GMT -6. The time now is 05:48 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.