We are talking about two types of fidelity accounts: 1. cash management, this only have core that spread your money across multiple underlying banks (WellsFargo，Citi ...etc etc) so you have multiple of 250K fdic insurance. This account only pays 2.21% rate. 2. fidelity brokage account，this allows you to switch to government money market funds that pays 3.82% (SPAXX, FZFXX,FCASH...) To set up correctly, you should put mininum cash in cash management account (1.) because it eans less interest but you set up your brokage account (2.) that acts as an overdraft protection for the cash management account. In case you overdraw on your cash management account, the money will auto withdrawn from brokage account (2.) so you do not bounce a check or missing a bill pay due to insufficent funds. If one only has a cash management account (1.) I do not think you will see the 3.82% money market fund as an option for your cash. P.S. if you have auto roll treasury bond positions you should put them in your brokerage account with margin enabled because if the settlement dates do not line up and they are in your cash management account you would end up with negative balanace (an old 500K cash settlement on Jan 4th and you autoroll/purchase of the same 500K on Dec 30th requires 1 million cash) thus causing bill pay to fail and check bounced.
We are talking about two types of fidelity accounts: 1. cash management, this only have core that spread your money across multiple underlying banks (WellsFargo，Citi ...etc etc) so you have multiple of 250K fdic insurance. This account only pays 2.21% rate. 2. fidelity brokage account，this allows you to switch to government money market funds that pays 3.82% (SPAXX, FZFXX,FCASH...) To set up correctly, you should put mininum cash in cash management account (1.) because it eans less interest but you set up your brokage account (2.) that acts as an overdraft protection for the cash management account. In case you overdraw on your cash management account, the money will auto withdrawn from brokage account (2.) so you do not bounce a check or missing a bill pay due to insufficent funds. If one only has a cash management account (1.) I do not think you will see the 3.82% money market fund as an option for your cash. P.S. if you have auto roll treasury bond positions you should put them in your brokerage account with margin enabled because if the settlement dates do not line up and they are in your cash management account you would end up with negative balanace (an old 500K cash settlement on Jan 4th and you autoroll/purchase of the same 500K on Dec 30th requires 1 million cash) thus causing bill pay to fail and check bounced. yolandos 发表于 2022-12-25 22:03
We are talking about two types of fidelity accounts: 1. cash management, this only have core that spread your money across multiple underlying banks (WellsFargo，Citi ...etc etc) so you have multiple of 250K fdic insurance. This account only pays 2.21% rate. 2. fidelity brokage account，this allows you to switch to government money market funds that pays 3.82% (SPAXX, FZFXX,FCASH...) To set up correctly, you should put mininum cash in cash management account (1.) because it eans less interest but you set up your brokage account (2.) that acts as an overdraft protection for the cash management account. In case you overdraw on your cash management account, the money will auto withdrawn from brokage account (2.) so you do not bounce a check or missing a bill pay due to insufficent funds. If one only has a cash management account (1.) I do not think you will see the 3.82% money market fund as an option for your cash. P.S. if you have auto roll treasury bond positions you should put them in your brokerage account with margin enabled because if the settlement dates do not line up and they are in your cash management account you would end up with negative balanace (an old 500K cash settlement on Jan 4th and you autoroll/purchase of the same 500K on Dec 30th requires 1 million cash) thus causing bill pay to fail and check bounced. yolandos 发表于 2022-12-25 22:03
“this allows you to switch to government money market funds that pays 3.82% (SPAXX, FZFXX,FCASH...)” 请问是不是要place a trade买FZFXX或者别的才会出现那个core position? 再次感谢。
“this allows you to switch to government money market funds that pays 3.82% (SPAXX, FZFXX,FCASH...)” 请问是不是要place a trade买FZFXX或者别的才会出现那个core position? 再次感谢。 碌碌无为 发表于 2022-12-26 09:39
Vangard government money market (settlement fund) is 4.2% (7 day average) of course if you think the rates are coming down then you buy CDs or short/mid-term bonds/notes or even CDs
You can buy pretty much from any of the investment accounts like fidelity/vanguard/merrilledge etc. or even treasurydirect for fidelity online accounts, it is under "News & Research" > "Fixed Income, Bonds & CDs" > "New Issues" > "Treasury"
查了下tiaa的确对购买新发行的国债收50刀 U.S. Treasury securities—new issues (primary, at auction) $50 per transaction https://www.tiaa.org/public/pdf/commissions_and_fees.pdf 但在财政部网站treasurydirect和其它一些brokerage网站如fidelity和vanguard上购买新发行国债都是不收费的。
从fidelity的网页上看在二手市场交易市场美国国债是免费的，交易其它债券和CD收千分之一的交易费。 https://www.fidelity.com/why-fidelity/pricing-fees Bonds & CDs $1 per bond or CD in secondary trading and free for US Treasuries traded online
rate is stable. remeber higher yield lower price. it is completely understandable people selling their position in a secondary market with lower price (higher yield) to get back into liquid cash.
rate is stable. remeber higher yield lower price. it is completely understandable people selling their position in a secondary market with lower price (higher yield) to get back into liquid cash. yolandos 发表于 2022-12-31 13:17
昨天和fidelity的一个马内奇长聊了有关Money Market Funds。 第一，所有的Money Market Funds都是全流动的，you can use or withdraw directly. 如果你有一定的资金完全可以SPRXX （4.14%）或者FZDXX(4.26%, minimum 100K) FMPXX(4.47% minimum 1M) 或者FNSXX(4.51% minimum 10M) so you can leave your CORE with $0. 第二，When your bill pay hits your account the system will automatically redeem from Core then from your Money Market above. 第三，If you don''t have enough liqulity in your Cash Account (Core or any other money market funds), you can setup your own overdraft protection (with limit you choose) through Cash Account》Manage Cash》Account Service 》Cash ManagerTool. If you have enough money market funds in your brokerage account, it will be liquidated (you set the limit) to cover your Cash Account drawings. Basically the fidelity cash account really is a high yield checking account. (You really do not need any bank''s checking account anymore) And plus the minimum mentioned above is only a buy in requirement (for an example 100K for FZDXX). Once you buy in, the minmum does not need to be maintained. You could buy 100K FZDXX and use 50K and leave 50K as FZDXX earning 4.26% I am going to test it out in the next couple of days to see if it is true. If so then good bye UFB Direct and good bye Marcus Savings...
昨天和fidelity的一个马内奇长聊了有关Money Market Funds。 第一，所有的Money Market Funds都是全流动的，you can use or withdraw directly. 如果你有一定的资金完全可以SPRXX （4.14%）或者FZDXX(4.26%, minimum 100K) FMPXX(4.47% minimum 1M) 或者FNSXX(4.51% minimum 10M) so you can leave your CORE with $0. 第二，When your bill pay hits your account the system will automatically redeem from Core then from your Money Market above. 第三，If you don''t have enough liqulity in your Cash Account (Core or any other money market funds), you can setup your own overdraft protection (with limit you choose) through Cash Account》Manage Cash》Account Service 》Cash ManagerTool. If you have enough money market funds in your brokerage account, it will be liquidated (you set the limit) to cover your Cash Account drawings. Basically the fidelity cash account really is a high yield checking account. (You really do not need any bank''s checking account anymore) And plus the minimum mentioned above is only a buy in requirement (for an example 100K for FZDXX). Once you buy in, the minmum does not need to be maintained. You could buy 100K FZDXX and use 50K and leave 50K as FZDXX earning 4.26% I am going to test it out in the next couple of days to see if it is true. If so then good bye UFB Direct and good bye Marcus Savings...
yolandos 发表于 2022-12-31 20:53
是不是买这些MMfund有Fee的吗？ 比如这个 FZDXX页面看到Fee： Expenses & Fees Exp Ratio (Gross) 0.36%
昨天和fidelity的一个马内奇长聊了有关Money Market Funds。 第一，所有的Money Market Funds都是全流动的，you can use or withdraw directly. 如果你有一定的资金完全可以SPRXX （4.14%）或者FZDXX(4.26%, minimum 100K) FMPXX(4.47% minimum 1M) 或者FNSXX(4.51% minimum 10M) so you can leave your CORE with $0. 第二，When your bill pay hits your account the system will automatically redeem from Core then from your Money Market above. 第三，If you don''t have enough liqulity in your Cash Account (Core or any other money market funds), you can setup your own overdraft protection (with limit you choose) through Cash Account》Manage Cash》Account Service 》Cash ManagerTool. If you have enough money market funds in your brokerage account, it will be liquidated (you set the limit) to cover your Cash Account drawings. Basically the fidelity cash account really is a high yield checking account. (You really do not need any bank''s checking account anymore) And plus the minimum mentioned above is only a buy in requirement (for an example 100K for FZDXX). Once you buy in, the minmum does not need to be maintained. You could buy 100K FZDXX and use 50K and leave 50K as FZDXX earning 4.26% I am going to test it out in the next couple of days to see if it is true. If so then good bye UFB Direct and good bye Marcus Savings...
照前面那位网友说的做就行。如果你在Positions tab下没看到Change Core Position按钮，就看该页上显示你的cash在哪，比如有一行是FCHSH的话，点击FCASH上的链接，就会显示出FCASH的详细内容，这时Change Core Position按钮就会出现。
1. cash management, this only have core that spread your money across multiple underlying banks (WellsFargo，Citi ...etc etc) so you have multiple of 250K fdic insurance. This account only pays 2.21% rate. 2. fidelity brokage account，this allows you to switch to government money market funds that pays 3.82% (SPAXX, FZFXX,FCASH...)
To set up correctly, you should put mininum cash in cash management account (1.) because it eans less interest but you set up your brokage account (2.) that acts as an overdraft protection for the cash management account. In case you overdraw on your cash management account, the money will auto withdrawn from brokage account (2.) so you do not bounce a check or missing a bill pay due to insufficent funds.
If one only has a cash management account (1.) I do not think you will see the 3.82% money market fund as an option for your cash.
P.S. if you have auto roll treasury bond positions you should put them in your brokerage account with margin enabled because if the settlement dates do not line up and they are in your cash management account you would end up with negative balanace (an old 500K cash settlement on Jan 4th and you autoroll/purchase of the same 500K on Dec 30th requires 1 million cash) thus causing bill pay to fail and check bounced.
谢谢。刚开了一个，开的时候没那个选项。 存钱进去后应该可以该core position了吧
另外，现在开这个账号，有100 bonus. https://www.fidelity.com/go/special-offer
“this allows you to switch to government money market funds that pays 3.82% (SPAXX, FZFXX,FCASH...)” 请问是不是要place a trade买FZFXX或者别的才会出现那个core position?
再次感谢。
No.
没有显示可以改变core position, 是不是pending 的transfer完成之后才会出现？ 刚开的账号，有个closed positions。 请指点，多谢
you have no cash positions, put in some cash like a cent or something. wait for your transfer to post so that you establish a position first.
会不会以后利息更好？
你说的premium saving account 吗？ 现在是3.25%？ 没有4%啊？
of course if you think the rates are coming down then you buy CDs or short/mid-term bonds/notes or even CDs
If you are keeping them liquid (cash/money market) you can wire out (domestic free) the same day.
SPAXX is a settlement fund that requires no buying and selling.
t-bill commission fee 多少？我问tiaa，他说50
if you buy the new auction I don't think there is any fees. I have never bought from secondary market.
You can buy pretty much from any of the investment accounts like fidelity/vanguard/merrilledge etc. or even treasurydirect
for fidelity online accounts, it is under "News & Research" > "Fixed Income, Bonds & CDs" > "New Issues" > "Treasury"
查了下tiaa的确对购买新发行的国债收50刀 U.S. Treasury securities—new issues (primary, at auction) $50 per transaction https://www.tiaa.org/public/pdf/commissions_and_fees.pdf
但在财政部网站treasurydirect和其它一些brokerage网站如fidelity和vanguard上购买新发行国债都是不收费的。
多谢多谢！
就fidelity的money market 账户就好了，没有最少数额要求，最近7 day yield 已经4.14%了。
fidelity money market code是啥？谢谢
从fidelity的网页上看在二手市场交易市场美国国债是免费的，交易其它债券和CD收千分之一的交易费。
https://www.fidelity.com/why-fidelity/pricing-fees
Bonds & CDs $1 per bond or CD in secondary trading and free for US Treasuries traded online
现在最好的投资就是2 year treaury bills，因为yield inversion, 10年和30年利息都比这个低 treasury direct是给穷人用的，只能买1万 你用broker买 2 year可以买几十万
我猜你是想说ibond是给穷人用的。在treasury direct除了可以买ibond，还可以买US treasury bonds，后者不限量的。
还有treasury bill指的是短期国债，都是一年以内到期的。二年到期的得叫treasury note。你说二年最好的前提是你是看衰近期利率的，这和很多机构的预测相反。
虽然fed加息至少要到5%以上，但是现在没什么选择，可以买半个月后到期的2year 4.6%，然后再买那时候利息高的treasury，总比marcus 4.3%的利息高
二手市场上现在有半月到期的2年国债4.6%交易? 我有点怀疑。但可以肯定的是现在新发行的4个月，半年和一年的短期国债利率都比4.6%高
17-Week912796CW701/03/202305/02/20234.550%4.684% 26-Week912796ZR312/29/202206/29/20234.600%4.775% 52-Week912796ZN212/29/202212/28/20234.515%4.741% 2-Year91282CGD7No01/03/202312/31/20244.373%4.250%
rate is stable. remeber higher yield lower price. it is completely understandable people selling their position in a secondary market with lower price (higher yield) to get back into liquid cash.
我说怀疑有，你说可能有，那到底是有还是没有呢？你英文好，不妨去查查。
第一，所有的Money Market Funds都是全流动的，you can use or withdraw directly. 如果你有一定的资金完全可以SPRXX （4.14%）或者FZDXX(4.26%, minimum 100K) FMPXX(4.47% minimum 1M) 或者FNSXX(4.51% minimum 10M) so you can leave your CORE with $0. 第二，When your bill pay hits your account the system will automatically redeem from Core then from your Money Market above. 第三，If you don''t have enough liqulity in your Cash Account (Core or any other money market funds), you can setup your own overdraft protection (with limit you choose) through Cash Account》Manage Cash》Account Service 》Cash ManagerTool. If you have enough money market funds in your brokerage account, it will be liquidated (you set the limit) to cover your Cash Account drawings.
Basically the fidelity cash account really is a high yield checking account. (You really do not need any bank''s checking account anymore) And plus the minimum mentioned above is only a buy in requirement (for an example 100K for FZDXX). Once you buy in, the minmum does not need to be maintained. You could buy 100K FZDXX and use 50K and leave 50K as FZDXX earning 4.26%
I am going to test it out in the next couple of days to see if it is true. If so then good bye UFB Direct and good bye Marcus Savings...
我英文打字快。Will check bid/ask when the market opens.
"fidelity core position不要选fcash，选money market fund。" 请问改成money market fund后，不妨碍我买股票吧？还是随时可以操作买卖股票吗？谢谢
afirmative. a MMF position is the same as cash and you can use that directly to buy stocks/EFTs/MutualFunds etc etc. It even covers ACH billpays
是不是买这些MMfund有Fee的吗？ 比如这个 FZDXX页面看到Fee：
Expenses & Fees
Mark. Thanks
yield already acounted for the expense/fees.
This has nothing to do with traveling. Not optimizing it is like throwing cash away. Would you like to throw your cash away?
ADDITION FI 是弗罗里达中部最大的两家CREDIT UNION之一，有26家支行。下周会推出NEW YEAR CD PROMO，利息非常高， 13 个月定存年利息（APR）4%， 18个月 年利息4.25% （要求存额$25k以上），外州企业和个人可以通过向我们CREDIT UNION的FOUNDATION捐5块钱成为MEMBER，然后电话开定存户，步骤很简单。这次促销只持续10周，我不负责市场. 朋友在哪里工作，转发给我的哈。
are they covered by FDIC?
No they are not covered by FDIC but by SIPC upto 250K cash. but let me tell you if fidelity goes down you have more things to worry about
这个比t bill 好哪儿去了？
zero advantage over same tenor T-bill.
API 4.30%
T-bills need 250K minimum from fidelity, not sure about treasury direct
是在treasury direct上吗？多久有一次auction?
不知现在利率多少？我一个月前在tdameritrade买过wells fargo，18个月 4.907%
fidelity比较方便。
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