Top Money Market Funds vs Cash (September 2023)

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Information Top Money Market Funds vs Cash (September 2023)

Title	:	Top Money Market Funds vs Cash (September 2023)
Lasting	:	8.32
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Comment from : Diamond NestEgg

Your tutorials are desperately needed! Thank you so much🇺🇸 😎👍☕
Comment from : Lil Black Duc

I recently discovered your channel and am very appreciative of your high quality videos! You always start with an outline, use visual aids or charts Suggested topics: (1) how to move/sweep fund from Schwab to Vanguard; (2) compare which banks have global presence/access to funds deposited in the US (eg SS benefits) because many people in my network are retiring in Asia
Comment from : World Citizen

T-bills have higher yields and are no state tax
Comment from : P Wade

betterment 55
Comment from : Tat Suen

Great video Jennifer VMFXX does charge 11 basis points which brings down the net down to 517 I think I have it correctly
Comment from : Gary McFadden

If VMFXX is held in a Vanguard ROTH, how can it be taxable? Sorry, not the sharpest knive in the investment drawer lol
Comment from : Occams Shave Cream

Fidelity is all about fees
Comment from : All Star Storage

I’m seriously considering moving most of my cash out of my local brick and mortar bank that pays no interest to a Fidelity Cash Managed Account earning 272 apy It has check writing, ATM, etc Features that are free I’m going to link this account to one of the Fidelity MMA's you mentioned in your video to park short-term money that will be invested in treasuries etc
Comment from : Ruth

Thanks Jennifer I learn so much from your videos I appreciate your charts and other visual aidsbrbrWhere is the list of future topics suggestions to review, provide a comment or add new suggestions?brbrI would like to see a video comparing a regular long term bong (ie 20 or 30 years) to tips bond (20 or 30 years) If it helps with the answer, I was considering purchasing in my Roth IRA and/or HSA account
Comment from : Elizabeth H

Would you consider adding a separate link for the "suggestion box"? Any who- I did have a suggestion that is a bit different but by no means not relevant to any Super Saver! Roth Conversions! I think that is a super topic! Another topic for a video- is pre-retirement planning considerations perhaps a few "key" books to obtain just to get one started Because saving is great but how do strategize to withdraw it afterwards to avoid taxes!!??? Thank you!
Comment from : N

I use Fidelity sweep account
Comment from : Bob Corio

I deal with all 3 companies Unfortunately customer service with 2 of the 3 has deteriorated (I haven't interacted with one as it's newer) Fees matter over time! I'm not liking how high Fidelity's expense ratio is on its core fund when compared to Vanguard's brLove, love, love your videos, Jennifer!!! ❤ Thank you!
Comment from : Karla Kerr

UFB Direct - 525 MM
Comment from : Todd Eifert

Thank you! I use Fidelity’s SPAXX and SPRXX I also use Schwab’s SWVXX
Comment from : Sandra Howard

How about Merrill ? Can you make a video? Many thanks
Comment from : mhxprs

Also, what is Wealthfront?
Comment from : Ann Mckeighen

What is USFR that DerrickW30 talks about below & how does it guarantee 528?
Comment from : Ann Mckeighen

Fidelity told me that I can transfer my existing Traditional IRA Schwab T-bill account directly to a Fidelity Traditional IRA T-bill account without waiting for the maturity date I like the Fidelity platform of having a money market core account (which Schwab does not have) Should I trust Fidelity to be able to transfer the existing Schwab T-bill account to Fidelity without messing up the maturity date? Fidelity said it is done all the time with no problem I would like to do this ASAP (before the maturity date) to make things easier for me, as long as there is no problem doing this
Comment from : Ann Mckeighen

I put money in the Schwab SWVXX, but there are 2 rates One for waiver and one for non waiver Can you explain what a waiver is?
Comment from : Aileen Danao

Schwab non tax sheltered accounts SNSXX(no state income tax) I live in a high tax state SWVXX for the rest
Comment from : Kid 30912

They are screwing us with our own cash-sweep funds!
Comment from : Tonio Yendis

Can SPRXX be used as a core account or would I have to sell the holdings to use the funds to buy stocks?
Comment from : T

I have Fidelity Treasury only money market or FSIXX yielding 516 I don't know if it's open to investors at Fidelity
Comment from : ZXC

When a TBILL auto-rolls does the money spend some time out of the market between one TBILL maturing and auto-rolling into the next TBILL?
Comment from : B Lstn

I have a little bit parked temporarily in a good earning money market fund thanks to your tip a few weeks ago Thank you for the great info
Comment from : Thomas Webb

Thanks for continuing to call out Schwab for their lack of a sweep As a long time customer, I remember when they had one My cash is at Schwab, in SNSXX and SWVXX, depending on whether it’s tax sheltered, and at Fidelity, in SPAXX I believe my investments will be slowly migrating to Fidelity…
Comment from : Ann

Could u look at sgov etc
Comment from : Mo Better

I have the bulk of my $ in a 2yr TNote I recently bought for 475 I’m happy w that since I wanted something for 2yrs The remaining I have at Wealthfront paying me 53 (w a referral boost of 05) it had no fees at all and gives you a debit card Still trying to understand if there is a difference between that and these money market accounts
Comment from : Elyssa Berger

Fidelity is the worst Take my advice stay away from Fidelity That is all
Comment from : mark Williams

I’ve been with Fidelity for 30 plus years Love their tools and website so easy to use and their staff super helpful and knowledgeable and they don’t charge you
Comment from : Sarah Phillips

Topics for the end of the year: 2020 for retirement contribution limits, including over 50/55 Also, any updates on contributions like the delay to 2026 for Roth 401(k) catch-up contribution, which was supposed to be next year but now it seems to be delayed 2026 Good to share this with the broader audience
Comment from : Sarah Phillips

Comment from : Teacher David- -Eat, Play, Learn

Just did a large Rollover to Fidelity IRA and it should be populated Tuesday Any thoughts on what is the safest option for this cash I was thinking 30 day T-Bills for now Don't want to use this particular tax free account for equities with the current market Interested to hear what some of you think are some beneficial positions to take We have been purchasing 30-day t-bills for some time now with good results out of our Fidelity brokerage account Thanks in advance
Comment from : Jim Dixon

I've had funds in TDA and Fidelity for many years, but am now having to transfer all TDA to Schwab I am not totally happy with this, but I do use TDA's Think or Swim platform to day trade every day, so will have to keep some funds in Schwab I opened a roll-over IRA at Schwab and have some of my treasuries there I'm looking forward to checking out their fixed income reporting and planning tools for which TDA is lacking
Comment from : Neysa Terry

In Schwab , it’s good if you are aware of swvxx, thanks to you 😊you can set it to reinvest
Comment from : JasonYing

Have E*Trade/Morgan Stanley but bought into Fidelity SPAXX Also laddered some 5 CDs that I will flip into some of these money markets once they reach maturity I’ll take 5+ all day long while the Fed figures out interest rates and stock market remains volatile
Comment from : Joanie58

Thank you I just placed a order with Schwab for SWVXX
Comment from : pulp420

In Fidelity, and Etrade (MS)
Comment from : M LK

I am with Schwab My wife and I keep our available cash balances in SWVXX I take advantage of the margin feature to earn interest in my money market fund while also selling cash secured puts It's my way of double dipping for income I also keep the kids 529 money in money markets at Schwab because the risk-free rate of return is so high that equities don't look appealing
Comment from : Chris Brown

this is great information and all but i still have tons of decision paralysis on where to park my cash
Comment from : S C

We have both Fidelity and Schwab and I like both for different reasons Thanks to one of your earlier videos the cash in Schwab is no longer sitting in the cash sweep category! Thank you!
Comment from : Kc Waddell

I like that SPRXX is auto liquidation eligible so if i buy a stock the money is available instantly I dont have to wait for settlement I dont miss that low interest rate in schwabs bank sweep when i had an account there
Comment from : snakesnarroz

Newbie herebrI have some cash that is earning next-to-nothing at the moment, that I would like to invest brIs there anything around 5 that is guaranteed but has not significant penalties for early withdrawal? brThanks in advance!
Comment from : David K

Is there a specific reason why bond ETF’s (TLT and EDV) are doing very poorly while bonds are performing so well? brIs the answer worthy of making a video about it?
Comment from : SD Unlimited

Thank you ❤
Comment from : dugfriendly

Would you be able to make a video to show us how to sell our treasuries before maturity on Schwab, fidelity and vanguard? Thanks a lot!
Comment from : Joe C

I use Fidelity and keep a decent amount in the money market in the short term for other trading Thank you for comparing the alternatives I was surprised that Fidelity was that much lower than Vanguard
Comment from : Tom Foegen

People leaving vanguard like crazy cause not everybody wants esg
Comment from : Darrell H

Jennifer pls note VMSXX Vanguards tax free money market fund
Comment from : RxB8

Anyone have a brokered CD at Schwab that matured last Friday, September 1st and still haven't see the principal posted to their Schwab cash account? Is this normal for a bank to keep the principal past the maturity date? Is this a liquidity problem with the bank or Schwab delaying the posting? Either way the bank or Schwab is earning interest off my money on this long holiday weekend
Comment from : A K

Question: If I buy Schwab SNAXX for 1 million, can I sell, say $600k and still retain 400k in SNAXX 7 day yield rate? What about Fidelity FZDXX (100k minimum investment), and sell 60k, can I retain 40k in FZDXX or will it default me back to core money market, SPAXX? TIA
Comment from : Khoa Pham

Fidelity is my choice! I love the strong performance of Fidelity mutual funds Vanguard's fund choice, cost (eg fees and minimums), performance, website features (eg automatic investing, research, charting ) just doesn't justify for my switch to earn that extra 0203 in MMF In addition, I've moved most of my money that used to be in Schwab to Fidelity over the past year It's very inconvenient to moving cash between MMF and core position within Schwab (eg settlement time) when you need it for trading
Comment from : Rally168

The highest yielding fund you mentioned at Schwab for both IRA and taxable accounts
Comment from : Tim Lowery

Discuss BOXX etf
Comment from : R RSP

Fidelity with (SPAXX) & T-Bill Ladders (8w-26w); Also ETrade (soon to be Morgan Stanley) with purchased Vanguard MMFs (VMFXX & VMRXX) Thanks Jennifer!!
Comment from : x wingman

I am on Fidelity I only keep very small amounts or very temporary amounts in my cores (regular and retirement), though what they are paying is not bad I have a separate "bank sweep" account I don't trade from because it is my emergency fund IOW I consider it a savings account The interest is middling as you showed, but it's a lot higher than my local bank where I have my checking TBH, I am not sure if the sweep "savings" account is genuinely less risky than if I just parked the same money in the higher-paying core of my Individual trading account, but that is the assumption I went on
Comment from : Rick Clark

Why bon’t you track other market funds like Marcus or Goldman Sacks?
Comment from : Bill McCabe

Swvxx is my choice
Comment from : TDM

Fidelity does have a prime MM fund FDZXX, which is paying 517 It does have a $50,000 minimum however
Comment from : jdgolf499

I use Fidelity and currently have about 43 in SPAXX I normally don't like to have that much cash, but I just can't bring myself to buy back in at these market levels So I wait I also have a Vanguard account, but their website is just so clunky, it drives me nuts Although Fidelity's mm rates are a bit lower, I juice the return by selling far out of the money puts So I'm really earning about 75 total on average, though I do have to keep rolling over the puts every month And if the market tanks and the puts are exercised, so be it I've set them at levels where I wouldn't be unhappy buying back in
Comment from : Dr Don

I parked it in Vanguard, in the funds you listed Super easy, carefree and minimal oversight on my part I like seeing monthly interest deposits into my checking account I set it up awhile ago, based upon your previous videos Thank you
Comment from : Bigguy 33

Awesome as always, Thank You … question : aDif between Schwab CD and this Bond Swvxx … main dif and risks ? Thank you
Comment from : Lando GR

I have my investable cash in Fidelity's FDRXX, and use the funds to invest in T Bills / brokered CDs
Comment from : cook master

Schwab SWVXX @ 52278 no auto sweep but, an all around pretty good brokerage with lots of other perks I bought some T-Bills last month but, will also park them in SWVXX once they mature
Comment from : Kyle King

If one were to sell their house and want to rent for 1-3 years before buying/building, where'd be the best place to story $300K+ ; Ally is very accessible (1 day) as an example but at 425 vs 5 for above; also considering state level of tax impact like TN, SC, NC, etc depending on move location
Comment from : Scott

Super saver newbie here! If i have money sitting im my vanguard Vmfxx settlement fund, how do i transfer to my bank account? Thank you!
Comment from : machu pikachu

Just remember Vanguard doesn’t have banking options so if u do need to money around u can’t just write a check like the other two
Comment from : SQ&F

If you meet the minimum requirement to buy Fidelity FMPXX, it is offering 529
Comment from : k jay

Why not USFR?
Comment from : Rob Bob

Have 2 each in Schwab and Fidelity ETrade never had proprietary MMFs but I purchased Vanguard ones in there
Comment from : Darrel Grove

FZDXX 517
Comment from : 00tich

Vanguard money market all the way! I even moved my Schwab cash to Vanguard, along with excess cash from I-Bond sales Compound yield at Vanguard $ mkt is over 54 I'll take that all day long
Comment from : Tim Bowen

My Schwab cash that is waiting a few days to invest (T-Bills) goes into SWVXX I wish it would sweep automatically
Comment from : Lee Shamrock

iI wonder if we qualify?/i bMinimum Initial Investment Amount of Zero Dollars!/b i"Honey, do we have Zero Dollars?"/i ("I have negative money!" -- Louis CK) - j q t -
Comment from : John Quill Taylor