ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
In my IRA at Fidelity, the cash is kept in FIDELITY GOVERNMENT MONEY MARKET
SPAXX. As of a couple minutes ago, it lists a 7 day yield of 0.04%
Hypothetically, if you had $10,000.00 in that fund for one year, & the 7 day yield stayed at that 'exact' rate of 0.04% for the entire period, not counting the little bit of compounding, how much would you have ?
Thanks in advance!
PS: I was going to start a totally different thread on CD rates, but I figured since it was related to this subject, I'd just add it here.
I just opened a CD through Fidelity in my taxable brokerage account. It pays 0.50% for 3 months. Some people I've talked to seemed very leery, saying that doesn't seem possible because if you could get that every three months, it translates into 2.00% per year. (more than the going rate)
The CD's are sold in increments of $1000 & are FDIC insured. $1,000.00 = One CD $2,000.00 = 2 CD's.....................
Do I have anything to worry about ?
SPAXX. As of a couple minutes ago, it lists a 7 day yield of 0.04%
Hypothetically, if you had $10,000.00 in that fund for one year, & the 7 day yield stayed at that 'exact' rate of 0.04% for the entire period, not counting the little bit of compounding, how much would you have ?
Thanks in advance!
PS: I was going to start a totally different thread on CD rates, but I figured since it was related to this subject, I'd just add it here.
I just opened a CD through Fidelity in my taxable brokerage account. It pays 0.50% for 3 months. Some people I've talked to seemed very leery, saying that doesn't seem possible because if you could get that every three months, it translates into 2.00% per year. (more than the going rate)
The CD's are sold in increments of $1000 & are FDIC insured. $1,000.00 = One CD $2,000.00 = 2 CD's.....................
Do I have anything to worry about ?
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