No. of Recommendations: 3
The 7 day yield is NET of expenses. So what you get is the quoted yield, which is competitive and safe. T-Bill purchases may inch out a bit more in yield but quite frankly, I'll pay the little extra for fast liquidity, and more importantly, the ease and simplicity of someone else actively picking and choosing all the various short term durations. The aforementioned processes described just seem a bit more complicated for most of us on here. For me, it's just a temporary parking space for my cash until I pull the trigger on any near term downdrafts on equities. I don't plan to leave it there forever.
