Timing PIMCO MINT - noob question
Two questions here really. There is so much data out there and hard to figure out which is best for an emergency cash fund account.
Have money in Vanguard Federal Money Market Fund (Settlement Fund) and am considering switching to MINT (PIMCO Enhanced Short Maturity Active ETF).
Which of the two funds above do you think is a better bet overall?
Also, had to title this post "noob question", because I notice something rather obvious in the way MINT has performed during the past year or so. At the end of the month, it drops predictably!
Even factoring Vanguard's $7 brokerage commissions for buying and selling MINT, if you take a look at the performance, wouldn't it make sense to always sell it before the last day of the month to avoid the month-end drop?
I know this is not completely predictable, as the returns have varied on this ETF, but it looks like the way to go, at least in the short-term.
P.S. Thinking of putting at least 100K in this so this is a bit more than an emergency stash, while I search for a better low-risk alternative