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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Said ⎊  😊 😞
Number: of 15055 
Subject: Re: Schwab: Problem to invest cash
Date: 09/22/2023 8:37 AM
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In Vanguard and Fidelity you can have brokage cash automatically saved in money market fund that is currently earning 5-5.2%.

Which at the beginning of my US brokerage "career" in 2000 then was the same. Cash automatically went into money market funds, so I didn't had to care about cash lying around useless. But that was not Schwab then but another broker (I forgot the name). That one at some point (2002? 2003?) got rid of international clients. I was forced to transfer all to another broker which in 2005 I think was taken over by Schwab. I think to remember Schwab also had that automatic money market feature then. So either the laws governing Non-US clients or Schwab's policy regarding those must have changed.
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