Money markets at Schwab now above 4%, tax-free muni now above 3%

[svelte]

Looks like the SVB joyride may have been kicked off by a newsletter last month. It possibly put depositors on edge and when SVB decided to sell their bonds and issue stock, that was all it took for depositors to panic and withdraw their funds.

https://www.dailymail.co.uk/news/article-11855685/Silicon-Valley-Bank-185-1-debt-asset-ratio-flagged-February-tech-experts-newsletter.html

[Coronita]

Interesting.

• This reply was modified 1 year, 1 month ago by Coronita.

[Coronita]

I hate Vegas actually. But I could use the extra money to pay for gas and tires, lol.

I ended up selling FRC, DPST,and SCHW. Because I forgot I needed to fill up all my cars this month

[Coronita]

Not financial advice, but… given what happened with SVB, this is what I’m doing with my conservative cash account.

I split the cash holding roughly 50/50 between a basket of CDs FDIC insured well below the limit, and a investments into Schwab Money Funds, which all have a 1 day turnaround to cash.

The CD’s have varying terms, mostly 3 or 6 months, some are 1 month and some are 1 year. Anything longer than 3 month, I picked the CD that pays out monthly, instead of at maturity, even if the rate is slightly lower than ones that pay out at maturity.

[svelte]

“Unrelated. I bet some of you guys are wondering how I posted an image
I could tell you, but I would have to kill ya….”
Yeah – how DO I post an image?   Just found out I don’t know how!

[Rich Toscano]

There is a “insert image” button (rightmost icon on the toolbar) but it looks like you can’t upload — you can only link to an externally hosted image, which is lame. I will look into getting the ability to upload images.

[Rich Toscano]

[Rich Toscano]

OK well that was pretty easy… found a plugin to upload images. You still use the image icon, shown at the right in the image below.

[gzz]

For “cash” in brokerage I like Vanguard Short Term Bond ETF (BSV).

For conservative near-cash state and federal tax free income, I like Nuveen California Muni CEF (NAC).

 

[Coronita]

. delete

[phaster]

wondering if other piggs considered parking money in AppleSavings which is paying 4.15%

the drawbacks/hardware requirements are an iPhone user with a good credit score because it is necessary to apply for an AppleCredit card

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[an]

Wealthfront is paying 4.3% and 4.55% this Friday.

[svelte]

“OK well that was pretty easy… found a plugin to upload images. You still use the image icon, shown at the right in the image below.”

Thanks Rich!

[Author]

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