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Joined Dec 2007
L5: Journeyman
> bubble2 799 Posts
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if200
10-20-2023 at 11:27 AM.
10-20-2023 at 11:27 AM.
Quote from briank642 :
Likely because yours is from a company called "Popular Direct" and this one is for a $30B+ publicly traded bank. But maybe I'm wrong?
Also $10,000 minimum.
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Joined Dec 2007
L5: Journeyman
> bubble2 799 Posts
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if200
10-20-2023 at 11:37 AM.
10-20-2023 at 11:37 AM.
Quote from briank642 :
Why pay a management fee when you can buy 1-3 month treasury bills so easily through any brokerage? Simply a convenience fee/ease of use question?
Short term auctions take almost a week to settle. Most brokerage houses keep your money in a fund with interest between buying and settlement. Treasury direct takes the money on the settlement date. Schwab keeps your money for the week no interest. On auto roll
over as well at Schwab so on a 4,8 or 17 week t-bill you lose a week of interest every time you buy at auction. Even the one year auction sometimes takes 2 days to settle and sometimes a week. the 2 year next week on Tuesday doesn't settle till the following Tuesday. Other months the auction has been on a Tuesday but settled a couple of days later on Thursday.
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Joined Nov 2006
L3: Novice
> bubble2 149 Posts
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lovedisneyland
10-20-2023 at 11:44 AM.
10-20-2023 at 11:44 AM.
https://www.credithuman.com 6% APY CD. Easy to become a member if you are not local(see additional eligibility)
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Joined Dec 2008
L3: Novice
> bubble2 246 Posts
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yashart
10-20-2023 at 11:46 AM.
10-20-2023 at 11:46 AM.
Thanks OP! Since I do keep some funds at CapOne, this was a no brainer. Thanks for putting this on my radar!
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Joined Aug 2008
L3: Novice
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oonchie
10-20-2023 at 12:07 PM.

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10-20-2023 at 12:07 PM.
Quote from if200 :
Short term auctions take almost a week to settle. Most brokerage houses keep your money in a fund with interest between buying and settlement. Treasury direct takes the money on the settlement date. Schwab keeps your money for the week no interest. On auto roll
over as well at Schwab so on a 4,8 or 17 week t-bill you lose a week of interest every time you buy at auction. Even the one year auction sometimes takes 2 days to settle and sometimes a week. the 2 year next week on Tuesday doesn't settle till the following Tuesday. Other months the auction has been on a Tuesday but settled a couple of days later on Thursday.
The above is true for Schwab, and hence the reason I don't use them. Use Fidelity (more clunky web site) - they keep your money in the sweep acct until the T-bill purchase clears for the 3-5 days it takes. They do not make money off the interest between the day of auction until the T-bill clears. The default sweep on Fidelity is SPAXX which pays 4.9x interest currently. Also if you auto-roll on Fidelity they will purchase the next T-bill for the same duration as the expiring bill the WEEK before so that you are not left out of the week of interest due to the nature of AUTOROLL
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Joined Dec 2006
L6: Expert
> bubble2 1,806 Posts
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supa2001
10-20-2023 at 12:18 PM.
10-20-2023 at 12:18 PM.
Any way to auto roll on Merrill L?
I am able to buy the next one on the day of due date (?). There's no gap inbetween at all.
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Joined Jan 2023
L3: Novice
> bubble2 166 Posts
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BeautifulWallaby506
10-20-2023 at 12:19 PM.
10-20-2023 at 12:19 PM.
Quote from oonchie :
The above is true for Schwab, and hence the reason I don't use them. Use Fidelity (more clunky web site) - they keep your money in the sweep acct until the T-bill purchase clears for the 3-5 days it takes. They do not make money off the interest between the day of auction until the T-bill clears. The default sweep on Fidelity is SPAXX which pays 4.9x interest currently. Also if you auto-roll on Fidelity they will purchase the next T-bill for the same duration as the expiring bill the WEEK before so that you are not left out of the week of interest due to the nature of AUTOROLL
Better yet, don't buy tbill in auction. Buy it open market and the transaction settle same day.
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Joined Sep 2009
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> bubble2 1,351 Posts
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lukem5
10-20-2023 at 12:47 PM.
10-20-2023 at 12:47 PM.
Quote from Jimmy_O :
You might be surprised; everyone likes a deal. Smilie

You get to be a millionaire by saving -- not wasting -- money. And slickdeals has saved me a bunch over the years. Applause

Knew a guy who valet paked rich guys cars, said some of them always had fast food/grocery coupons laying everywhere or stuffed in the cupholders/doors etc lo. these were multimillionaires with rolls royces, lambos etc.
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Joined Jan 2009
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teaberry
10-20-2023 at 01:01 PM.
10-20-2023 at 01:01 PM.
sounds like it may be a down payment for something if you need it in a year. diversify between some treasuries and maybe buy them stagger with 3 months expiration?
Quote from redeyedog :
So can someone recommend a good treasury to invest in right now?
Quote from SplendidSquirrel285 :
Alright, so I've got 45k to invest. I'd like to pull it out 12mo from now.. what's the best route? I almost put it all into Bread CD @ 5.6%.
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Joined Aug 2007
L9: Master
> bubble2 4,487 Posts
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pug_ster
10-20-2023 at 01:19 PM.
10-20-2023 at 01:19 PM.
I am still have money parked with their 5% 11 month cd until January. Probably the rate will go up then.
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Joined Nov 2014
L3: Novice
> bubble2 111 Posts
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mblock66
10-20-2023 at 02:35 PM.

Our community has rated this post as helpful. If you agree, why not thank mblock66

10-20-2023 at 02:35 PM.
Ladder 3 month T-bills in 2 week increments! You will thank me later! Locking any money up for 12 months or more is leaving money on the table. When I started this 2 years ago I was getting 4.25ish I think. I have been able to get that money OUT in 13 weeks and reinvest in the rate that is now 5.5% along the way. Anyone that locked into a 12 or 24 month CD back then at say 4% is still only getting 4% and they are paying state tax on the interest.

Until rates start to FALL you stay as short as you can and ladder. Then once they start to fall you lock into LONG term to retain that. Make your money make you money without having to think about it or worry about risk. We have a significant about of money constantly investing in 3 month T Bills every 2 weeks. It's the way to go right now for low risk decent return investors in the current market.
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Joined Oct 2014
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> bubble2 713 Posts
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n3f3libata
10-20-2023 at 03:44 PM.
10-20-2023 at 03:44 PM.
Quote from isaaciaggard :
yes, all these millionaires are here looking at SLICKDEALS…

You don't get rich or stay rich by paying full price.
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Joined Sep 2017
L5: Journeyman
> bubble2 566 Posts
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pranrasvij
10-20-2023 at 04:41 PM.
10-20-2023 at 04:41 PM.
Quote from BeautifulWallaby506 :
Better yet, don't buy tbill in auction. Buy it open market and the transaction settle same day.
there are some min qty to buy + not easy to understand fields-- yield/etc
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Joined Sep 2017
L5: Journeyman
> bubble2 566 Posts
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pranrasvij
10-20-2023 at 04:43 PM.
10-20-2023 at 04:43 PM.
Quote from mblock66 :
Ladder 3 month T-bills in 2 week increments! You will thank me later! Locking any money up for 12 months or more is leaving money on the table. When I started this 2 years ago I was getting 4.25ish I think. I have been able to get that money OUT in 13 weeks and reinvest in the rate that is now 5.5% along the way. Anyone that locked into a 12 or 24 month CD back then at say 4% is still only getting 4% and they are paying state tax on the interest.

Until rates start to FALL you stay as short as you can and ladder. Then once they start to fall you lock into LONG term to retain that. Make your money make you money without having to think about it or worry about risk. We have a significant about of money constantly investing in 3 month T Bills every 2 weeks. It's the way to go right now for low risk decent return investors in the current market.
like the idea, timing your bonds/CDs....
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Joined Aug 2020
DudeWhoFishes
> bubble2 123 Posts
HellaSupBro
10-20-2023 at 05:13 PM.
10-20-2023 at 05:13 PM.
Quote from mblock66 :
Ladder 3 month T-bills in 2 week increments! You will thank me later! Locking any money up for 12 months or more is leaving money on the table. When I started this 2 years ago I was getting 4.25ish I think. I have been able to get that money OUT in 13 weeks and reinvest in the rate that is now 5.5% along the way. Anyone that locked into a 12 or 24 month CD back then at say 4% is still only getting 4% and they are paying state tax on the interest.

Until rates start to FALL you stay as short as you can and ladder. Then once they start to fall you lock into LONG term to retain that. Make your money make you money without having to think about it or worry about risk. We have a significant about of money constantly investing in 3 month T Bills every 2 weeks. It's the way to go right now for low risk decent return investors in the current market.
Where can i find out more about this? im an absolute newbie whos simply put money into a roth for the last decade but looking to expand and like the idea of not having money locked up at the present time
.
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