Join Early Retirement Today
Closed Thread
 
Thread Tools Display Modes
Old 11-14-2023, 12:19 PM   #2061
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 1,634
Quote:
Originally Posted by G-Man View Post
What about Fidelity SPRXX or FZDXX?

Can VUSXX be purchased in my Fidelity brokerage account?
No, I don't think Fidelity offers Vanguard Money Market Funds. I used to hold FZDXX, but transferred my Money Market money over to Chase where I can get VG MMFs.
PatrickA5 is online now  
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 11-14-2023, 01:18 PM   #2062
Thinks s/he gets paid by the post
Badger's Avatar
 
Join Date: Nov 2008
Posts: 3,378
Quote:
Originally Posted by Montecfo View Post
Bonds rallying (yields lower) today on lower than expected headline and core CPI readings.

The market overwhelmingly sees no Fed rate hikes in December (95% probability the Fed stands pat again according the CME Fedwatch tool).

For now it looks like the best yields are probably in the rear view mirror but plenty of historically good ones still available.
Since I have a large CD maturing in mid December I plan on taking advantage of a 3-4 year CD. Maybe a 5 year CD in a ladder. We'll see.

Cheers!
Badger is offline  
Old 11-14-2023, 02:32 PM   #2063
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,101
Quote:
Originally Posted by Car-Guy View Post
...I'm loving SWVXX.
+1 but what I'm not loving about Schwab is that I can't make SWVXX my settlement account and have to manually sweep money in or out between SWVXX and my settlement account.

I have 10 accounts that I manage and have trading authority over... 4 for us, 4 for DM and 2 for a DFriend, so it is a bit of a PITA.

Thinking about moving to Fido but I'm told Fido is planning to change like Schwab where you can't have a decent yielding money market as your settlement account.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is online now  
Old 11-14-2023, 02:36 PM   #2064
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 1,634
Quote:
Originally Posted by pb4uski View Post
+1 but what I'm not loving about Schwab is that I can't make SWVXX my settlement account and have to manually sweep money in or out between SWVXX and my settlement account.

I have 10 accounts that I manage and have trading authority over... 4 for us, 4 for DM and 2 for a DFriend, so it is a bit of a PITA.

Thinking about moving to Fido but I'm told Fido is planning to change like Schwab where you can't have a decent yielding money market as your settlement account.
It wouldn't surprise me if Fido goes that route. Easy money for them.
PatrickA5 is online now  
Old 11-14-2023, 02:42 PM   #2065
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 1,634
Capital One is offering a sign-up bonus for their Savings account - which currently earns 4.3%.

Open a new 360 Performance Savings account with promo code FALL23 by 12/6/2023.
Deposit $20,000+ of external funds during the 15-day Initial Funding Period after opening your account.
Hold the deposit(s) in your account for an additional 90 days after the 15-day Initial Funding Period ends.
$20,000+ deposited = $300 bonus.
$50,000+ deposited = $750 bonus.
$100,000+ deposited = $1,500 bonus.
See the bonus in your new account within 60 days after holding.
Youíll also earn their normal interest rate (currently 4.30% APY as of 11/5/23). No monthly fees or minimum balance requirements.

I set up a new account for both DW and I and hope to get a $1,500 bonus each early next year. Note: this is for newish accounts.


https://www.capitalone.com/bank/fall23/
PatrickA5 is online now  
Old 11-14-2023, 02:43 PM   #2066
Full time employment: Posting here.
FiveDriver's Avatar
 
Join Date: May 2015
Location: Charleston, SC
Posts: 507
Quote:
Originally Posted by G-Man View Post
What about Fidelity SPRXX or FZDXX?

Can VUSXX be purchased in my Fidelity brokerage account?
VUSXX seems like a good parking spot with 7 day yield of 5.33%, a low Expense Ratio of 0.09% and no State Tax. I don't see anything better at Fido or Schwab.

FZDXX's 7-day yield is 5.21% and their Expense Ratio is high at 0.36% I believe it is also taxable at the state level, my state doesn't tax at an overly high rate....but I'm looking elsewhere for a temporary parking spot.
__________________
Semiquincentennial -- A Republic, if we can keep it.
FiveDriver is offline  
Old 11-14-2023, 03:33 PM   #2067
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,155
Quote:
Originally Posted by FiveDriver View Post
VUSXX seems like a good parking spot with 7 day yield of 5.33%, a low Expense Ratio of 0.09% and no State Tax. I don't see anything better at Fido or Schwab.

FZDXX's 7-day yield is 5.21% and their Expense Ratio is high at 0.36% I believe it is also taxable at the state level, my state doesn't tax at an overly high rate....but I'm looking elsewhere for a temporary parking spot.
The Fidelity rate of 5.21% is already net of the expense ratio IIRC.
Conceptually speaking the net yield is all that matters with a MM fund.
__________________
TGIM
Dtail is offline  
Old 11-14-2023, 04:41 PM   #2068
Full time employment: Posting here.
 
Join Date: Nov 2015
Posts: 682
Quote:
Originally Posted by PatrickA5 View Post
It wouldn't surprise me if Fido goes that route. Easy money for them.
They announced something about advisor managed accounts, but nothing about individual investor accounts to this point.
teej1985 is offline  
Old 11-14-2023, 04:56 PM   #2069
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,779
Quote:
Originally Posted by PatrickA5 View Post
It wouldn't surprise me if Fido goes that route. Easy money for them.
It would surprise me. Fido has stuck to their guns on this aspect. Schwab introduced this when they went no commission years ago. Fidelity switched to no commission on ETFs and stocks after Schwab, but didn’t change their core offerings.

And, as many folks notice, Fido is already making a pretty generous ER on their popular MM funds.
__________________
Retired since summer 1999.
audreyh1 is online now  
Old 11-14-2023, 05:21 PM   #2070
Full time employment: Posting here.
 
Join Date: May 2013
Posts: 915
Quote:
Originally Posted by Dtail View Post
The Fidelity rate of 5.21% is already net of the expense ratio IIRC.
Conceptually speaking the net yield is all that matters with a MM fund.
Is 5.33% for VUSXX already net of the expense ratio? Please advise.
G-Man is offline  
Old 11-14-2023, 05:31 PM   #2071
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,486
Quote:
Originally Posted by G-Man View Post
Is 5.33% for VUSXX already net of the expense ratio? Please advise.
Every fund yield I have ever seen is net of expenses.
Montecfo is offline  
Old 11-14-2023, 05:34 PM   #2072
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,155
Quote:
Originally Posted by Montecfo View Post
Every fund yield I have ever seen is net of expenses.
Agree
__________________
TGIM
Dtail is offline  
Old 11-14-2023, 06:12 PM   #2073
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,779
Quote:
Originally Posted by G-Man View Post
Is 5.33% for VUSXX already net of the expense ratio? Please advise.
Yes! All on published rates on MM funds are net of expenses, as are mutual fund performance statistics.

Personally the spread between VUSXX and what’s available on Fido such as FZDXX is not enough to get excited about. I’ve got investments in T-bills that are earning more than either at the moment anyway.

These MM fund rates change constantly.
__________________
Retired since summer 1999.
audreyh1 is online now  
Old 11-14-2023, 06:52 PM   #2074
Full time employment: Posting here.
 
Join Date: May 2013
Posts: 915
Quote:
Originally Posted by audreyh1 View Post
Yes! All on published rates on MM funds are net of expenses, as are mutual fund performance statistics.

Personally the spread between VUSXX and what’s available on Fido such as FZDXX is not enough to get excited about. I’ve got investments in T-bills that are earning more than either at the moment anyway.

These MM fund rates change constantly.
What yield are you getting on the T-bills?

Fidelity is where all my other investments are held.
G-Man is offline  
Old 11-14-2023, 07:50 PM   #2075
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,779
Until recently 6 month T-bills have been paying 5.58% or so. They will probably drop under 5.5%, but still pay above 5.4% for a little while.

I buy my T-bills at auction through Fidelity.
__________________
Retired since summer 1999.
audreyh1 is online now  
Old 11-15-2023, 09:38 AM   #2076
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Texas
Posts: 10,762
Many shorter term (12 to 18mos) CD's at Schwab "ticked" down today just a bit. Wells Fargo had some @ 5.5% earlier this week and now they are gone. There has been some better economic news the past few days so I wonder if they sold out or if they were "pulled" back by WF. Still some 5.3 and 5.4% available from other banks.
__________________
Spending my time as wisely as I can, since I donít know what my time account balance is.
Car-Guy is offline  
Old 11-15-2023, 09:44 AM   #2077
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,486
With yesterday's CPI report and today's PPI both coming in under expectations, I would expect some softening of yields.
Montecfo is offline  
Old 11-15-2023, 12:18 PM   #2078
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,635
Picked up a 7 year 5.55% MYGA with an A++ company today. Invested $250k. 10% Withdrawals allowed, and they can be paid monthly or annually if desired. They have a 5 year at 5.55% also, but I went for the 7. 45 day lock, 20 day cancellation after funding. I figured that would be good.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
ShokWaveRider is online now  
Old 11-15-2023, 04:02 PM   #2079
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 1,634
Quote:
Originally Posted by ShokWaveRider View Post
Picked up a 7 year 5.55% MYGA with an A++ company today. Invested $250k. 10% Withdrawals allowed, and they can be paid monthly or annually if desired. They have a 5 year at 5.55% also, but I went for the 7. 45 day lock, 20 day cancellation after funding. I figured that would be good.
Are you going to do the monthly payments?
PatrickA5 is online now  
Old 11-15-2023, 04:15 PM   #2080
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,635
Quote:
Originally Posted by PatrickA5 View Post
Are you going to do the monthly payments?
Not initially, but I may do down the road, perhaps in 6 months' time. I could not resist the 5.55%, and it is a lot <10% of our investable nest egg at this point.

I felt with the CPI reports today it was worth the risk of rates going up further.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
ShokWaveRider is online now  
Closed Thread


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


» Quick Links

 
All times are GMT -6. The time now is 03:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.