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Old 03-25-2020, 05:57 PM   #41
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That's not the savings account. That's the money market account. The savings account pays 1.5 percent right now. You might want to consider switching.
Thanks
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Old 03-25-2020, 08:18 PM   #42
Recycles dryer sheets
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We just got evacuated from Nigeria 3 days ago.

Felt good having 5 figures of cash sat in the Gun Safe - as when we got to Houston it was pretty well deserted.

42 years of Oilfield along the Gulf Coast and Overseas and many Hurricanes, Ice Storms, Power outages, Hamatan for weeks, Coup Attempts, Civil Unrest, Lassa Fever, Malaria, Ebola, Corona Flu, Cholera, Kidnapping, Labor Strikes, etc

I can tell you that Cash is King when your in a tight spot - at least in ms gamboolgal's and I experience.


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Old 03-25-2020, 08:55 PM   #43
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WelcomeHome Gamboolman
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Old 03-25-2020, 09:15 PM   #44
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I was going to start a separate thread for this, but since the money market fund in question has already been mentioned several times, I'll just ask here.

At Fidelity, I keep cash in a government money market fund (SPAXX)
As of today, it says the 7 day yield is 0.24% with an expense ratio (gross) of 0.42%

Will this translate into a negative yield ?
No, the 0.24% is after the ER is taken out.

I donít know what is going to happen if short-term treasuries stay negative.
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Old 03-26-2020, 01:59 AM   #45
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Originally Posted by ownyourfuture View Post
I was going to start a separate thread for this, but since the money market fund in question has already been mentioned several times, I'll just ask here.

At Fidelity, I keep cash in a government money market fund (SPAXX)
As of today, it says the 7 day yield is 0.24% with an expense ratio (gross) of 0.42%

Will this translate into a negative yield ?
Besides Audrey's comment, if you have 100k in cash and since you are already in a non treasury MM fund, you could switch your monies to the Fidelity FZDXX MM fund, which is their highest yielding MM fund.
You don't have to keep 100k in the fund. You just have to invest 100k to start with and then immediately can keep any balance in it.
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Old 03-26-2020, 11:26 AM   #46
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No, the 0.24% is after the ER is taken out.

I donít know what is going to happen if short-term treasuries stay negative.
Thank you.
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Old 03-26-2020, 11:33 AM   #47
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Besides Audrey's comment, if you have 100k in cash and since you are already in a non treasury MM fund, you could switch your monies to the Fidelity FZDXX MM fund, which is their highest yielding MM fund.
You don't have to keep 100k in the fund. You just have to invest 100k to start with and then immediately can keep any balance in it.
The bulk of my cash (60k) is ladder CD's I started mid jan.
Thanks for the reply/info.
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Old 03-26-2020, 11:36 AM   #48
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My MM IRA is still paying 2.03 at a small local bank,
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