Author Topic: Savings/investments/bonds Master Thread.  (Read 185501 times)

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #460 on: February 18, 2023, 09:39:56 PM »
I will be discussing buying from your brokerage account on the secondary market - which is a lot simpler than buying new issues.
How is it simpler?
This is incorrect. You can always sell in $1000 increments. Just might now get the top price, but it will be almost the same. Will post a screenshot when market opens.
It showed minimums on the ones I tried to sell. That doesn't represent the minimum you need to sell? That represents what is available?


« Last Edit: February 18, 2023, 09:59:07 PM by CountValentine »
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Offline Izzzy

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Re: Savings/investments/bonds Master Thread.
« Reply #461 on: February 18, 2023, 10:28:52 PM »
My understanding is that you receive the interest when the T bill matures. So for arguments sake, wouldn't it be better to receive 4.3%, but every 4 weeks, which after 16 weeks is %4.3 x 4. Than 5.5%, but only once after 16 weeks.

Offline sam2015

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Re: Savings/investments/bonds Master Thread.
« Reply #462 on: February 18, 2023, 10:31:04 PM »
How is it simpler?
It’s simpler because you know beforehand the rate you are getting, the order goes through instantly, and you don’t have to buy at 1 month increments. I just bought on Friday a treasury that’s maturing on Feb 23.

It showed minimums on the ones I tried to sell. That doesn't represent the minimum you need to sell? That represents what is available?

It does represent the minimum. But for the highest rate. If you click on the treasury you should have a whole long list. The market is closed now so I can’t show you a good example, but take a look at my screenshot. When the market is open that list has all different amounts and the list is a lot longer.
« Last Edit: February 18, 2023, 10:38:37 PM by sam2015 »

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #463 on: February 18, 2023, 10:36:21 PM »
It’s simpler because you know beforehand the rate you are getting, the order goes through instantly, and you don’t have to buy at 1 month increments. I just bought on Friday a treasury that’s maturing on Feb 23.
Auction is every week for 4, 8, 13 and 26 week bills. By 1 month increments you mean in the secondary market I can buy 1 week, 2 week or just about xx weeks out? The rate I have been getting is slightly higher than the secondary market but I might be reading this wrong.

Your input is greatly appreciated!!!
« Last Edit: February 18, 2023, 10:39:34 PM by CountValentine »
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Offline sam2015

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Re: Savings/investments/bonds Master Thread.
« Reply #464 on: February 18, 2023, 10:36:39 PM »
My understanding is that you receive the interest when the T bill matures. So for arguments sake, wouldn't it be better to receive 4.3%, but every 4 weeks, which after 16 weeks is %4.3 x 4. Than 5.5%, but only once after 16 weeks.

No. The rate is APY which is Annual. You are not getting 4.3% every 4 weeks.

Offline Izzzy

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Re: Savings/investments/bonds Master Thread.
« Reply #465 on: February 18, 2023, 10:39:59 PM »
Thanks. I was googling all over to figure that out.

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #466 on: February 18, 2023, 10:42:57 PM »
If you click on the treasury you should have a whole long list.
Is this the "Depth of Book"?
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Offline sam2015

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Re: Savings/investments/bonds Master Thread.
« Reply #467 on: February 18, 2023, 10:48:27 PM »
Is this the "Depth of Book"?

It could be. I don’t use Fidelity so I’m not familiar with their layout. Do you see a list with lower minimums when you click on ‘more quotes’? If yes, then that should be it.

Offline sam2015

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Re: Savings/investments/bonds Master Thread.
« Reply #468 on: February 18, 2023, 11:16:43 PM »
By 1 month increments you mean in the secondary market I can buy 1 week, 2 week or just about xx weeks out?

Take a look at the maturity dates.

Offline yaakovely

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Re: Savings/investments/bonds Master Thread.
« Reply #469 on: February 19, 2023, 12:04:53 AM »
Nice!!! I know some that deposited 7 figures. Hopefully they all get it.
I wonder for how long?

ETA:
https://www.doctorofcredit.com/primis-bank-5-03-checking-savings-accounts/
Update 2/17/23: They are now sending out an official email confirming that the 5.03% rate will remain (at this time) for those who got the account while that rate was being advertised.
Bad idea to deposit 7 figures. It is only FDIC insured up until 250k or 500k for joint accounts. I would not put in more than the FDIC insured limits with a Bank that does not yet have a long proven track record. Especially when they are handing out higher interest rates then all other banks..

Offline Yo ssi

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Re: Savings/investments/bonds Master Thread.
« Reply #470 on: February 19, 2023, 12:07:39 AM »
Trying to test this out, what's the best broker?
_    ,
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Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #471 on: February 19, 2023, 12:18:28 AM »
Bad idea to deposit 7 figures. It is only FDIC insured up until 250k or 500k for joint accounts. I would not put in more than the FDIC insured limits with a Bank that does not yet have a long proven track record. Especially when they are handing out higher interest rates then all other banks..
Registered so all was insured.
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Offline sam2015

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Re: Savings/investments/bonds Master Thread.
« Reply #472 on: February 19, 2023, 12:45:29 AM »
Trying to test this out, what's the best broker?

I like Charles Schwab. Easy to navigate and has amazing customer service. Look online for a sign up bonus.

Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #473 on: February 19, 2023, 10:01:20 AM »
VUSXX looks to be better and also exempt from state taxes.

Not accurate.

Quote
Important Note: Income generated from investments in repurchase agreements with the federal reserve are generally subject to state and local income taxes.
Currently a little over 23% of holdings.

VYFXX is lower but completely tax free (fed, state,city) which may be better for many in NY.

Still not as high as T bills but easier.

Free of state tax for NY residents.
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Offline Spoon

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Re: Savings/investments/bonds Master Thread.
« Reply #474 on: February 19, 2023, 02:30:55 PM »
Not accurate.
Currently a little over 23% of holdings.

Free of state tax for NY residents.

According to bogleheads vyfxx is completely tax free for ny residents.

These are still better options then anything above besides for t bills which are less liquid.

Don’t know why anyone would prefer a savings account over these. Tax implications should not be ignored IMO.
« Last Edit: February 19, 2023, 02:37:34 PM by Spoon »

Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #475 on: February 19, 2023, 02:41:40 PM »
According to bogleheads vyfxx is completely tax free for ny residents.

Correct. As a NY Muni MM fund it is totally tax free for NY residents. It is free of Federal Tax for residents of other states. It is not the only NY Muni MM fund out there.
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Offline Spoon

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Re: Savings/investments/bonds Master Thread.
« Reply #476 on: February 19, 2023, 02:42:53 PM »
Correct. As a NY Muni MM fund it is totally tax free for NY residents. It is free of Federal Tax for residents of other states. It is not the only NY Muni MM fund out there.

Yes but currently the highest yielding iinm

Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #477 on: February 19, 2023, 02:54:32 PM »
Yes but currently the highest yielding iinm

Seems that way, but might not be available on all platforms. Schwab has SWYXX.

One needs to see what is available on the platform they use. Where available (without transaction fees), the Vanguard MM funds seem to have the best 7-day yields.
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Offline Spoon

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Re: Savings/investments/bonds Master Thread.
« Reply #478 on: February 19, 2023, 03:01:52 PM »
Seems that way, but might not be available on all platforms. Schwab has SWYXX.

One needs to see what is available on the platform they use. Where available (without transaction fees), the Vanguard MM funds seem to have the best 7-day yields.

Obviously but worse case scenario you can open a vanguard account.

Also VUSXX is available on other platforms. Ally, JPM self directed, E-Trade and TD Ameritrade. Possibly others.

Offline gozalim

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Re: Savings/investments/bonds Master Thread.
« Reply #479 on: February 19, 2023, 05:47:45 PM »
Seems that way, but might not be available on all platforms. Schwab has SWYXX.

One needs to see what is available on the platform they use. Where available (without transaction fees), the Vanguard MM funds seem to have the best 7-day yields.
so you'd put all
SWYXX, VYFXX, SPAXX, FSNXX
in the same boat, just based on platform?