Idle funds sweep investments
Are any of the discount brokers paying a decent rate on money market sweep investments for a roth ira account ?(the idle funds in the account) E-trade pays just .3%(yes , I said .3% not 3.0%)!!!!! , and the best money market fund they offer is a goldman sachs fund with a poor return and very high expences.
It's like you are being punished if you want to stay in cash.
The regular (non ira)brokerage accounts have a 4.75% money market sweep account.I don't want to use a bond fund for this purpose in a market of rising rates.
" A person is smart, but People are dumb, dangerous, panicky animals, and you know it " Agent "K", Men in Black