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  #16  
Old 12-06-2023, 04:47 PM
Louis Louis is offline
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Quote:
Originally Posted by pinkshogun View Post
a friend who didnt like Vanguards customer service.
I haven't had any issues with Vanguard, but from my perspective one advantage Schwab and Fidelity have over them is that they have local offices with real humans near me.

Over the phone Vanguard has been fine.
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  #17  
Old 12-06-2023, 05:27 PM
Ralph Ralph is offline
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Originally Posted by MikeD View Post
I don't think that's the case from what I could find. The only funds that are state tax free when held in a taxable account are muni bond funds comprised of bonds from the state you live in.

Edit: you're right to an extent: https://www.sfchronicle.com/californ...s-17839464.php. I live in California.
I thought it might be partially state tax exempt for just the interest that comes from bills, notes, and bonds.

BTW....I have no complaints with Vanguard customer service, although it's been a while since I called the 800 number. But do go to their site almost every day.
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  #18  
Old 12-06-2023, 08:04 PM
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pinkshogun pinkshogun is offline
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Fidelity has an office about 10 miles away. Plus, my friends adviser helped me over the phone set up my account and when I went to the local branch to hand over my milk money (no bank transfers yet) they helped with putting their app. on my phone.
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  #19  
Old 12-07-2023, 09:46 AM
MikeD MikeD is offline
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Originally Posted by pinkshogun View Post
Fidelity has an office about 10 miles away. Plus, my friends adviser helped me over the phone set up my account and when I went to the local branch to hand over my milk money (no bank transfers yet) they helped with putting their app. on my phone.
I've met with my Fidelity rep in person, over Zoom, and by telephone seems like every 6 months. I don't have a separate financial advisor and rely on my Fidelity rep for that.
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  #20  
Old 02-21-2024, 08:01 AM
alancw3 alancw3 is offline
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just got 5.32% on six month bills in yesterdays fed auction. Unfortunately this will probably be last time at such high rate as emphasis on lowering rates there times during the rest of 2024. Probably first rate increase will be at June FOMC meeting. Oh well it sure was nice while it lasted!
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  #21  
Old 02-21-2024, 08:24 AM
ridethecliche ridethecliche is offline
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Originally Posted by pinkshogun View Post
I opened up a Fidelity account on the advice of a friend who didnt like Vanguards customer service. That being said, Fidelity's entry level money market account, SPAXX, is right at 5%
And I believe that any money in the investing account is automatically in SPAXX if it's not invested in specific funds. I basically put my savings in there and use it like a savings account since it actually accrues real interest.
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  #22  
Old 02-21-2024, 09:25 AM
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pinkshogun pinkshogun is offline
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You are right about SPAXX (money market) and I do the same. Its paying 4.97 and going down slowly
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  #23  
Old 02-21-2024, 09:36 AM
MikeD MikeD is offline
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FDLXX (Treasury only MM fund; currently 4.94%) would be a better choice if living in CA, NY, or CT, as interest/dividends would be state tax free. SPAXX wouldn't. See the article I referenced above.

Last edited by MikeD; 02-21-2024 at 09:59 AM.
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  #24  
Old 02-21-2024, 10:43 AM
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reuben reuben is offline
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With rates likely to start dropping, albeit slowly, I've started to pick up some longer notes, and will buy some 2 year notes at the upcoming auction. I still have a variety of 6 month and one year bills, which periodically age off and are reinvested.
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  #25  
Old 02-21-2024, 10:45 AM
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redir redir is offline
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Laddering seems to make a lot of sense when investing in T-Bills. I do the same with Navy Federal certificates.

https://fastercapital.com/content/T-...ll-Ladder.html
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  #26  
Old 02-21-2024, 11:39 AM
verticaldoug verticaldoug is offline
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I tend to think as an individual investor there is really not much value in spending too much time thinking about laddering. This is your cash equivalent and the least risky thing you will own. The marginal gain is just that really marginal.

I think you are better off thinking about your overall asset allocation, taxable, your investment horizon and opportunity cost. In general, people always seem to have too much risk or too little risk. Worry about being comfortable with the risk, and let the market take care of the rest. In the long run, the market is always right, and the rest of us not so much.

And avoid the Broker's Soup du Jour. (aka the CNBC special, it always causes stomach cramping.)
https://news.yahoo.com/cnbc-became-f...104500082.html

Last edited by verticaldoug; 02-21-2024 at 11:43 AM.
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  #27  
Old 02-21-2024, 01:12 PM
ridethecliche ridethecliche is offline
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Quote:
Originally Posted by pinkshogun View Post
You are right about SPAXX (money market) and I do the same. Its paying 4.97 and going down slowly
I'm pretty early in my 'earning' career and was going to buy a bunch of VTI after getting a decent return % day/swing trading but really not wanting to deal with it any longer. Then it all took off and I'm just kinda sitting on my thumbs debating if I should bother with the dollar cost averaging now or wait for things to cool again.

Thankfully my main accounts are full auto and I don't even look at them haha.
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  #28  
Old 02-21-2024, 02:21 PM
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pinkshogun pinkshogun is offline
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Next week I celebrate my 3rd month being in the market. Between Youtube and a couple friends who have been in for decades, I've learned what to do (buy low cost index funds) and what not to do (buy individual stock, market timing). The hardest lesson as Doug mentioned is to relax, be patient and just let the market cook and do its thing
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  #29  
Old 02-21-2024, 09:06 PM
ridethecliche ridethecliche is offline
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Originally Posted by pinkshogun View Post
Next week I celebrate my 3rd month being in the market. Between Youtube and a couple friends who have been in for decades, I've learned what to do (buy low cost index funds) and what not to do (buy individual stock, market timing). The hardest lesson as Doug mentioned is to relax, be patient and just let the market cook and do its thing
No offense, but if it’s your third month in the market you haven’t really seen anything stressful yet.
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  #30  
Old 02-21-2024, 10:49 PM
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pinkshogun pinkshogun is offline
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Some daily stresses here and there but nothing what my friends have been through.
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