Please be positive and upbeat in your interactions, and avoid making negative or pessimistic comments. Instead, focus on the potential opportunities.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
No. of Recommendations: 4
I use Marcus and Schwab's SCOXX (Treasury Obligations Money Fund)
No. of Recommendations: 5
I currently have my cash parked in SGOV.
My understanding after a modest amount of research on the topic is that in terms of cash-equivalent yields, generally speaking:
Direct T-bills > SGOV/BIL T-bill ETFs > Money Market Funds
I'm currently in SGOV due to the instant liquidity (also a benefit over money market funds which require a day to execute typically).
I believe I'm leaving a little on the table by not going with T-Bills directly, and it's on my list to look into how to buy those directly with my brokerages.
I believe the US tax situation differs between these, but because this cash resides in a retirement account, I haven't concerned myself with it.
No. of Recommendations: 4
I've been using Schwab's SWVXX with a fixed $1/share price. Looks like it paid an annualized dividend of ~4.9% for the month ending 4/16. Automated dividend reinvestment each month.
No. of Recommendations: 8
Vanguard Federal Market Fund - VMFXX. 5.27% SEC Yield (average 7 day SEC yield as of April 16.)
No. of Recommendations: 1
JPST (J.P. Morgan Ultrashort Bond Fund)
Baltassar
No. of Recommendations: 4
3 month T-Bills
No. of Recommendations: 0
I was just trying to figure this out. I had an acquisition of a holding in ETrade and have been trying and failing to find an account option to sweep cash to a money market account. Based on
https://us.etrade.com/l/options-uninvested-cash/sw... the only option is BDP (that is, garbage). I was considering pulling trigger on SGOV. I have had less appetite for CDs, even short term ones.
No. of Recommendations: 2
Vanguard: VMFXX
Yield: 5.27%
* auto sweep
Fidelity: FDRXX
Yield: 4.98%
* auto sweep
Schwab/TD: SWVXX
Yield: 5.16%
No auto sweep available other than 0.10% yield options. Extremely annoying.
Jeff
No. of Recommendations: 2
Squeaking out the 2nd decimal point
.
Schwab, SNAXX. 5.313%
.7 day yield
ciao
No. of Recommendations: 0
FZDXX 5.15% (7 day yield)
SPRXX 5.03%
No. of Recommendations: 0
VUSXX, VMRXX, or SPTS, depending on what funds if any the broker supports.
No. of Recommendations: 3
Thanks for posting all. I bought a house recently and ended up with more cash, so this helps. :)
No. of Recommendations: 2
I bought a house recently and ended up with more cash, so this helps. :)
-
& I learned the 5 Ds of Real Estate in todays Whitney Tilson Daily;
& a jab at Schwab !
There are five Ds of real estate divorce, downsizing, diapers, diamonds, and death which drive people to buy and sell. Add in new jobs and that covers most of the reasons. Eventually people have to move because life intervenes.
https://stansberryresearch.com/articles/schwab-was...ciao
No. of Recommendations: 0
I have a fair amount of cash sitting in my brokerage account. I get nervous just thinking about it and would like to move chunk of it to a USD money market fund. I am Based in Switzerland and my broker wont let me buy VMFXX.
Can anyone recommend a decent Money Market fund for non US residents?
thanks
No. of Recommendations: 14
Can anyone recommend a decent Money Market fund for non US residents?
I don't have an answer for that specific question, but have you considered buying US treasury-bills directly? Most brokers offer that as a possibility, even though some of them don't mention it unless you ask. Or equivalents issued by other countries, if you prefer.
As a non-US person, that's what I do. I own several different issues maturing in the next 9 months. No risk or fees in the fund structure, no material credit risk. Anything with X% higher yield than government paper will generally have very much more than X% higher risk.
Jim
No. of Recommendations: 0
Thanks, I have applied to do that (several months ago) Suppose I need to chase IBRKs up on that as it is still not granted
No. of Recommendations: 1
Sorry for the late reply, I'm a bit behind here at the moment.
How about an ETF, do they allow things like FGSH?
(probably a much smaller investor than you, but hey, I can still make suggestions. If it's no good, well, you didn't lose anything, and maybe I'll learn something!)
SA
