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Feb 12th, 2024
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 Fidelity Brokerage Link-401k Question.
#9002768
02/09/24 09:45 PM
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Joined: Jun 2015
Posts: 18,737
Roll-Tide
OP
THF Celebrity
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OP
THF Celebrity
Joined: Jun 2015
Posts: 18,737 |
Probably a mistake, but I finally got to a goal in my Fidelity account and Temporarily moved most to MIP II CL 4 managed income fund. Maybe 2 percent interest.
I have a brokerage link, where I just sold stock and would like to put it in CDs for 3-4 years.
Maybe shouldn’t have sold the stock, at 267, it was a goldmine. AXON.
Just holding tight until I figure out what I wanna do.
Thoughts on brokerage link and CDs.
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9002776
02/09/24 09:59 PM
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Joined: Sep 2004
Posts: 12,422
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,422 |
Capital one is offer 4% on 48 and 60 months CD's
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9002785
02/09/24 10:18 PM
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Joined: Apr 2007
Posts: 60,483
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,483 |
Id look at the more conservative banks like Frost or even some of the smaller local
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9002788
02/09/24 10:28 PM
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Joined: May 2009
Posts: 24,362
dkershen
Rev Dave
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Rev Dave
Joined: May 2009
Posts: 24,362 |
Fidelity has CD's at the best rate I've seen in a while. Roll into 1yr CD's at 5% and give yourself 12 months to get a long term plan together.
To be sure of hitting the target, shoot first and call whatever you hit the target.www.NewHopeEquine.com - Health and Healing through Horses.
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Re: Fidelity Brokerage Link-401k Question.
[Re: dkershen]
#9002794
02/09/24 10:42 PM
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Joined: Jul 2013
Posts: 6,042
tlk
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2013
Posts: 6,042 |
Fidelity has CD's at the best rate I've seen in a while. Roll into 1yr CD's at 5% and give yourself 12 months to get a long term plan together.
This - I have two CDs with Fidelity at 5%. They also are paying 5% on their money market - you give me 5% with zero risk and I will take it all day long (I am 70 and retired so I do not need nor want to take on risk)
You can't fix stupid
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9002800
02/09/24 10:53 PM
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Joined: Dec 2008
Posts: 1,594
thegrouse
Pro Tracker
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Pro Tracker
Joined: Dec 2008
Posts: 1,594 |
I would park money in a HYSA before a CD or even a money market that pays over 5.
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9002801
02/09/24 10:53 PM
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Joined: Jun 2015
Posts: 18,737
Roll-Tide
OP
THF Celebrity
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OP
THF Celebrity
Joined: Jun 2015
Posts: 18,737 |
That’s solid advice. I will put a big chunk in 12 month. Until I figure out a better strategy.
That is, if fidelity brokerage link allows it. They should, I could buy any stock I wanted.
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9002994
02/10/24 02:37 AM
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Joined: Oct 2017
Posts: 5,954
angus1956
THF Trophy Hunter
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THF Trophy Hunter
Joined: Oct 2017
Posts: 5,954 |
Vanguard Vusxx is the fund name.
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9002995
02/10/24 02:38 AM
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Joined: Jul 2007
Posts: 35,131
Brother in-law
THF Celebrity
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THF Celebrity
Joined: Jul 2007
Posts: 35,131 |
I think Chase has 5% right now
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9003045
02/10/24 04:05 AM
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Joined: Jun 2007
Posts: 1,882
blanked
Pro Tracker
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Pro Tracker
Joined: Jun 2007
Posts: 1,882 |
CDs are for money you need in the next few years. Long term 5 years and longer keep in the market and ride out the swings
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Re: Fidelity Brokerage Link-401k Question.
[Re: Brother in-law]
#9003090
02/10/24 10:24 AM
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Joined: Sep 2004
Posts: 12,422
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,422 |
I think Chase has 5% right now Nope, Like 2.50% on Chase
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Re: Fidelity Brokerage Link-401k Question.
[Re: thegrouse]
#9003109
02/10/24 12:26 PM
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Joined: Jul 2013
Posts: 6,042
tlk
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2013
Posts: 6,042 |
I would park money in a HYSA before a CD or even a money market that pays over 5. so the difference in a HYSA versus a money market account? From what I see the rates are very similar - curious what the advantage is with the HYSA
You can't fix stupid
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9003489
02/11/24 12:15 AM
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Joined: Dec 2008
Posts: 1,594
thegrouse
Pro Tracker
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Pro Tracker
Joined: Dec 2008
Posts: 1,594 |
There is a HYSA .5 miles from my house if I need a stack of cash fast. My Vanguard money market will take a day or two. I have both
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Re: Fidelity Brokerage Link-401k Question.
[Re: blanked]
#9003856
02/11/24 05:17 PM
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Joined: Feb 2009
Posts: 230
duckhunter55
Woodsman
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Woodsman
Joined: Feb 2009
Posts: 230 |
I do 90 treasuries through Fidelity. My last one was 5.4% annual. They are in a non-managed account. I have about 6 of them. Love getting over 5%.
This country is stuck on stupid!
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Re: Fidelity Brokerage Link-401k Question.
[Re: duckhunter55]
#9003878
02/11/24 06:06 PM
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Joined: Sep 2004
Posts: 12,422
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,422 |
I do 90 treasuries through Fidelity. My last one was 5.4% annual. They are in a non-managed account. I have about 6 of them. Love getting over 5%. 5% is about the same as buying a rent house to rent out the revenue You get back about $450 per every 100K invested.
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Re: Fidelity Brokerage Link-401k Question.
[Re: RedRanger]
#9004011
02/11/24 10:40 PM
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Joined: Oct 2008
Posts: 16,793
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 16,793 |
I do 90 treasuries through Fidelity. My last one was 5.4% annual. They are in a non-managed account. I have about 6 of them. Love getting over 5%. 5% is about the same as buying a rent house to rent out the revenue You get back about $450 per every 100K invested. 5% on 100k is $5000.
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Re: Fidelity Brokerage Link-401k Question.
[Re: 68rustbucket]
#9004230
02/12/24 11:09 AM
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Joined: Sep 2004
Posts: 12,422
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,422 |
I do 90 treasuries through Fidelity. My last one was 5.4% annual. They are in a non-managed account. I have about 6 of them. Love getting over 5%. 5% is about the same as buying a rent house to rent out the revenue You get back about $450 per every 100K invested. 5% on 100k is $5000. My 5% paying was paying only like $430 per month, Not sure how they do interest, but in reality it doesn't turn out like that at least for me it didn't
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Re: Fidelity Brokerage Link-401k Question.
[Re: RedRanger]
#9004258
02/12/24 12:40 PM
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Joined: Jan 2013
Posts: 3,429
TLew
Veteran Tracker
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Veteran Tracker
Joined: Jan 2013
Posts: 3,429 |
I do 90 treasuries through Fidelity. My last one was 5.4% annual. They are in a non-managed account. I have about 6 of them. Love getting over 5%. 5% is about the same as buying a rent house to rent out the revenue You get back about $450 per every 100K invested. 5% on 100k is $5000. My 5% paying was paying only like $430 per month, Not sure how they do interest, but in reality it doesn't turn out like that at least for me it didn't Yes, and $430x12 months = $5160 a year.
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9004360
02/12/24 03:21 PM
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Joined: Oct 2008
Posts: 16,793
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 16,793 |
Yep, 5% annually, not monthly.
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Re: Fidelity Brokerage Link-401k Question.
[Re: 68rustbucket]
#9004369
02/12/24 03:33 PM
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Joined: Sep 2004
Posts: 12,422
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,422 |
Yep, 5% annually, not monthly. 
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Re: Fidelity Brokerage Link-401k Question.
[Re: TLew]
#9004397
02/12/24 04:14 PM
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Joined: Sep 2004
Posts: 12,422
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,422 |
Yes, and $430x12 months = $5160 a year.
Dang, I was always wondering why each month was different amount.
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Re: Fidelity Brokerage Link-401k Question.
[Re: 68rustbucket]
#9004431
02/12/24 05:22 PM
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Joined: Jan 2013
Posts: 3,429
TLew
Veteran Tracker
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Veteran Tracker
Joined: Jan 2013
Posts: 3,429 |
Yep, 5% annually, not monthly. You find me something risk free at 5% monthly and I'll be running to the front of the line
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Re: Fidelity Brokerage Link-401k Question.
[Re: Roll-Tide]
#9004531
02/12/24 07:05 PM
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Joined: Aug 2005
Posts: 20,952
Sniper John
gumshoe
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gumshoe
Joined: Aug 2005
Posts: 20,952 |
Probably a mistake, but I finally got to a goal in my Fidelity account and Temporarily moved most to MIP II CL 4 managed income fund. Maybe 2 percent interest.
I have a brokerage link, where I just sold stock and would like to put it in CDs for 3-4 years.
Maybe shouldn’t have sold the stock, at 267, it was a goldmine. AXON.
Just holding tight until I figure out what I wanna do.
Thoughts on brokerage link and CDs. Between the breakeven inflation rate and taxes on your interest, your still well behind with 2 percent.
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