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09-01-2012, 12:40 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,902
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After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.
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09-01-2012, 12:47 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 2,472
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6 months of expenses in MM, 3 years expenses in Vanguards Short-term Investment Grade (VFSUX). YTD Total Return 3.55%, Yield 2.56%, Duration 2.4 years.
__________________
For me experiences are not good or bad, just different
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09-01-2012, 01:44 PM
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#23
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Operating cash...credit union savings account
Emergency fund and infrequent individual stock purchasing...VYFXX (VG NY TE money market fund)
Income generating TE bond funds include VWALX, VMLTX, and VWITX. I occasionally tap the VWALX dividends for a few months for large purchases (like my new John Deere lawn tractor), otherwise all reinvested.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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09-01-2012, 09:27 PM
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#24
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,373
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 Quote:
Originally Posted by GrayHare
After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.
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What the heck happened?
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09-01-2012, 09:31 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Feb 2011
Location: West Tx
Posts: 1,392
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[QUOTE=
I've said it before, and I'll say it again, 5 yr CD's w/ Ally.[/QUOTE]
For a minute, I thought "huh? With me?"
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09-01-2012, 09:58 PM
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#26
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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MUB...No commission through FIDO and I like/need the tax free $$$.
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09-02-2012, 10:12 AM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by JPatrick
MUB...No commission through FIDO and I like/need the tax free $$$.
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In what sense is this cash, or parking? It appears to me to be an investment in a municipal bond index. I didn't see the effective average duration, but it is described as having "various maturities", and in the risks section of the prospectus, interest rate rises are given as a risk.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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09-02-2012, 06:57 PM
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#28
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,506
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VFUX
EDIT: VFSUX [sorry for typo]
Short term investment grade bonds. Some principal risk, but beats money market or checking. (Also keep a month of living expenses in BoA checking--which provides zero yield, for all intents . . .)
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09-03-2012, 10:12 AM
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#29
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Full time employment: Posting here.
Join Date: Apr 2010
Posts: 717
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Thank you all for answers!
__________________
“The problem with the world is that the intelligent people are full of doubt, while the stupid people are full of confidence.”
(—Charles Bukowski)
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09-03-2012, 12:31 PM
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#30
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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Quote:
Originally Posted by haha
In what sense is this cash, or parking? It appears to me to be an investment in a municipal bond index. I didn't see the effective average duration, but it is described as having "various maturities", and in the risks section of the prospectus, interest rate rises are given as a risk.
Ha
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I guess it depends what we are calling parked cash.
I call it money that needs to be semi liquid, such as next years vacation, the new car in a few years, money to fix the roof if a tornado eats it, money that is waiting for a dynamite long term investment, and money for this years Christmas gifts.
Money for the immediate bills simply stays in a fee free checking account and money that may be spent within 6 weeks is in MM fund.
MUB is not without its risks for sure, but I think it is manageable, and given that it is an ETF, shares can be traded instantly and without cost.
When I say manageable, I mean daily observation of the movement. It is not a set/forget option.
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09-05-2012, 11:51 AM
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#31
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Confused about dryer sheets
Join Date: Apr 2012
Location: atlantis
Posts: 3
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rphyx and dltnx
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09-06-2012, 06:12 AM
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#32
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Recycles dryer sheets
Join Date: Dec 2009
Location: Cleveland
Posts: 344
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I am parking my emergency funds with AmEx Personal Savings. Only paying 0.8% though.
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09-06-2012, 08:14 AM
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#33
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Equal chunks in ultrashort term and short term bond funds. Use PIMCO and others. I get to buy at NAV s
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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09-06-2012, 08:51 AM
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#34
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Recycles dryer sheets
Join Date: Dec 2009
Location: Cleveland
Posts: 344
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I sure miss the days (not so long ago) where I parked my cash in my GMAC Demand Notes (now Ally) account and earned 4.5% guaranteed!
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09-06-2012, 09:31 AM
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#35
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Recycles dryer sheets
Join Date: Dec 2005
Posts: 50
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Quote:
Originally Posted by GrayHare
After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.
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How did you lose principal?
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09-06-2012, 08:17 PM
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#36
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,361
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Of course another question might be if the ATMs stopped working how long would it be until you run out of cash. It is interesting that the folks who lived thru the bank runs in 1932 tended to keep a couple of weeks of cash on hand. Today the only problem might be security, as effective zero interest rates make the forgone cost (in missed interest) much less.
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09-06-2012, 09:44 PM
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#37
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,902
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Quote:
Originally Posted by pb4uski
What the heck happened?
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Since I hope to someday recover it, better I don't describe. I can say I've learned to not trust that company. A very expensive lesson.
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09-07-2012, 07:05 AM
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#38
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,373
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Quote:
Originally Posted by GrayHare
After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.
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Quote:
Originally Posted by pb4uski
What the heck happened?
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Quote:
Originally Posted by GrayHare
Since I hope to someday recover it, better I don't describe. I can say I've learned to not trust that company. A very expensive lesson.
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Sorry to hear of your troubles with Discover Bank. I have had an account with them for over 2 years and never a problem and have had a relationship with Discover Card for over 20 years and am happy with their service.
Are you suing them for damages?
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09-07-2012, 07:25 AM
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#39
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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Quote:
Originally Posted by wells
rphyx and dltnx
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+1 on RPHYX Riverpark Short Term High Yield - the fact that this fund has high yield in its name is a bit misleading, as this fund is one of the best places to see cash grow reasonably safely at a decent yield.
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