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Feb 12th, 2024
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 Re: CD or Money Market
[Re: Roll-Tide]
#9038723
04/26/24 02:33 AM
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Joined: Sep 2004
Posts: 10,860
DannyB
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 10,860 |
I need to Check into this more. But in my Fidelity 401k I went very conservative.
Does Fidelity offer CD type interest of something similar to 5 percent? I think at Fidelity there are some rules regarding qualified funds (IRAs) vs. regular investment account cash. The symbol SPAXX is an IRA money market that is 4.95 today, but was about 5% not long ago. The regular account cash symbol is FZFXX, which is a money market at 4.94 today, and about 5% not long ago. I’m not sure some more time spent on the phone with them might fish around and get about a tenth or so better. I briefly had one of these accounts in T-Bills, but it wasn’t as easy to keep up with as Treasury Direct. That says a lot, considering how tricky Treasury Direct’s website is. If any of you try Treasury Direct put a sign on your computer that says DO NOT HIT THE BACK BUTTON. If you do you get to log back in and start over. Logging in is a process, which is OK with me now for it’s triple jeopardy security. If anybody ever gets your funds out of that place they are good hackers.
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Re: CD or Money Market
[Re: BDB]
#9038725
04/26/24 02:36 AM
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Joined: Jun 2007
Posts: 1,889
blanked
Pro Tracker
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Pro Tracker
Joined: Jun 2007
Posts: 1,889 |
I have a question for the experts. We have an extra business account with Bank of palestine (America) We opened it as a secondary account to our normal Chase business account ( these 2 locations are across the street from another on Town East Bld in mesquite, where we use to live) So we NEVER use that account...it has close to 10k just sitting there, not growing, not going down, I wonder if they think were dead lol, its been 10 years at least when we opened it, threw a little money in it as a backup account.
What would the experts do with it? We don't need it .....yet Put it in a S&P 500 tracking ETF like SPY or mutual fund if you dont need it for 5 or more years. Also what scot said a total market fund like VTI or VTSAX CDs in 401ks are designed for active retirees or within a few years of retiring
Last edited by blanked; 04/26/24 02:48 AM.
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Re: CD or Money Market
[Re: scot]
#9038889
04/26/24 03:30 PM
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Joined: Apr 2013
Posts: 8,523
freerange
THF Trophy Hunter
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THF Trophy Hunter
Joined: Apr 2013
Posts: 8,523 |
I have a question for the experts. We have an extra business account with Bank of palestine (America) We opened it as a secondary account to our normal Chase business account ( these 2 locations are across the street from another on Town East Bld in mesquite, where we use to live) So we NEVER use that account...it has close to 10k just sitting there, not growing, not going down, I wonder if they think were dead lol, its been 10 years at least when we opened it, threw a little money in it as a backup account.
What would the experts do with it? We don't need it .....yet Not an expert but stayed in a holiday inn once. When you say don’t need it, this year? The next 5 years? 10+ years? The answer could be Money Market at Vanguard or other brokerage making 5.3% totally liquid but will change as federal rates change. 1-3 years, a CD is attractive if you can lock in guaranteed over 5. If you have 5-10 years you need to be in a total market stock fund. People are real excited about 5% guaranteed, however the whole market is up 30% the past year. If you can accept the risk you can expect 7-10% returns annually if you don’t sell when it has a down turn. ^^^^ I like this post.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR
Keep your gratitude higher than your expectations. RWH
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Re: CD or Money Market
[Re: Tbar]
#9039079
04/26/24 10:24 PM
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Joined: Jan 2012
Posts: 29,167
TXHOGSLAYER
THF Celebrity
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THF Celebrity
Joined: Jan 2012
Posts: 29,167 |
If I didn't need it for 5 years or more, the least I would do would be an index fund. S&P has averaged 7.7% over the last 60 years.
NVIDIA stock up 116 bucks a share since last Friday
LETS GO BRANDON
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Re: CD or Money Market
[Re: Roll-Tide]
#9039092
04/26/24 11:14 PM
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Joined: Jun 2007
Posts: 1,889
blanked
Pro Tracker
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Pro Tracker
Joined: Jun 2007
Posts: 1,889 |
I need to Check into this more. But in my Fidelity 401k I went very conservative.
Does Fidelity offer CD type interest of something similar to 5 percent? Fidelity has a specific department called Brokerage Link. In brokerage link you will have access to everything not just fidelity stuff. Its self directed but they can help you purchase what you are looking for
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