Ah but if I invest $100,000,000 that's $820k!
Thanks, I thought it was annualized.
My problem is I don't feel comfortable shifting most of my 2 bond funds in my rollover IRA (which I'm still not sure can be done or if it makes sense to do it) into T bills to stop the bleeding because this year I have to start taking a RMD. With equities down, I probably have less losses in those 2 bond funds (Ultra Short Term Bond Fund and Short Term Investment Grade Bond Fund) but I've lost a lot in both of those bond funds. So I'm concerned about locking up money for 6 months or a year for a somewhat good interest rate to avoid nav losses, 3 month rates are pretty anemic. I'd like to put a good chunk into a 1 year T bill but that puts that money off limits for the RMD unless I want to sell at a loss should rates continue their upward march and or equities really tank.
I know a lot of people are in this boat with me but I've never been in this position before and it is very uncomfortable. With my luck, I'll exchange out of the 2 bond funds and rates will slowly drop and then I could be getting back some of the nav loss.