CMA

ATUGA

This is what the only financial advice I’ve ever given my parents is that their credit union was robbing them of interest. They’re very happy with their cash sitting in a Fidelity CMA… no risk of that backfiring.

Jclarkcp1

The US has 234 years of market stability. Europe could step up, but thier socialist tendencies won't allow themselves to create a business friendly environment. They have a stable market, and a stable government, but they have a lot of other issues...they just aren't business friendly. Europe does have a handful of world market dominating businesses (VW, Nestlé,CMA, Maersk, MSC, Shell) you could name about 20 probably. However, the US has hundreds of world market dominating companies and a very friendly business environment. Even with Trump tantrums, the government is stable and a safe bet. Plus the US spends money on tangible.products, where Europeans spend their money mostly on taxes and living. Where americans tend to have a higher disposable income, which creates an economy of consumers.

Cheeksabeatin

Thanks for letting me bounce some of this stuff off of you. Do you have thoughts on a CMA ad a more liquid, quicker access emergency fund along with a brokerage for general savings for big purchases, etc?

moiax

I have a CMA. I set my default core position to Fidelity's SPAXX, which is a money market fund. Treated like cash. Every Thursday, I buy a set amount of FDLXX, a treasury only Money Market. It is 97% treasuries and thus mostly state tax free. It will automatically liquidate when I pay bills or transfer. Interest is a smidge lower than something like VBIL or SGOV, but the function is better. I do keep a portion of my savings in SGOV, which I can liquidate in a day or two if needed. I can buy it right in my CMA account.

HairyBushies

It’s not a brokerage account or a bank account but a merger of the two. Some things not available with the CMA is margin and international trading. Otherwise you can buy/sell stocks, ETFs, mutual funds, etc. with it. I’d say it’s probably a good fit for 90% of people. Some have issues with transfers being held up to 10 days or whatever, but I’ve never experienced it or ran my accounts so close to the edge that a hold on deposited funds would cause issues for me.

roflfalafel

Yes. On the Fidelity site when logged in, there is a debit card management option, where you can order a debit card for the brokerage account. The CMA is a separate account type, even though it’s a brokerage under the hood, that has ATM fees reimbursed. Brokerage account might not have ATM fees reimbursed unless you are part of their Private Client Group. You can always open a CMA account and transfer money instantly to it from the brokerage account. https://www.fidelity.com/spend-save/faqs-atm-debit-card

AskPatient1281

Indeed. But I don't remember the last time I needed one. Imho, the CMA is the best financial product in the market today. No fees of any kind. Not even for Acats. Or wires out. It is head and shoulders above anything else.

CornerOne238

Capital One is offering a decent yield HYSA afaik. I prefer Fidelity CMA, but it's an option.

CornerOne238

Odd, I use CMA as well but only get 1.82% on cash, fdic sweep.

Hot_Concentrate_7496

I have found it pretty easy to link bank accounts to my fidelity brokerage account. Also, you could just go with a CMA at fidelity or Schwab.

the_bagel_warmonger

They give you checks that you can use with a CMA now. There's still no zelle functionality though.

TheHarb81

You can write checks from CMA

Opeth4Lyfe

Correct. The only down side is it’s basically direct deposit only either from work or another bank account, and you can’t write checks from it. Other than that it functions exactly like a checking account. I basically use it as one but I don’t do direct deposit I just transfer from my Chase account that I keep minimal cash in and everything else gets debited from my CMA including my rent. I only keep my Chase checking account incase I need to write a check….but haven’t had to do that in about 3 years lol.

PHL1365

CMA is technically not a bank account, but it effectively functions as one. One limitation is that you cannot deposit cash

ATUGA

Question for the Robinhood users in the chat: Does your bank show up as an **Instant bank transfer - deposit** option on Robinhood. If so, what bank do you use? I love my Fidelity CMA account, but I'm over it not playing nice with Plaid. It causes trouble with so many things. I wish Robinhood would just send me a banking invite already.

FantasticInvestor

I am sure you can convert to Roth without a delay if you contribute from your CMA account.

Seattleman1955

The Schwab sweep account goes into very low interest funds. You can manually use that money and buy into a better (higher interest rate money market). It's not automatic when is a hassle. I think you can get checks if you ask but I'm not sure. You pay taxes on any money market funds in a taxable account at any bank or brokerage. At Fidelity the CMA account is separate. If you want a debit card and checks it has to be from the CMA account. A sweep account just means anytime you have free cash in your account it is automatically "swept" into a money market that earns interest. At Fidelity that automatically goes into an account currently paying about 3.5 %. At Schwab it's less than 1%. If you want it to get into a higher interest account you have to do it manually each time. They do that on purpose so that you will forgot and they won't have to pay much for your money.

clingbat

Yes, in fact I think for Fidelity at least, you can actually get a check book and debit card to a CMA which is linked to your money market funds so you can freely swap money between the two (and your investments) and use the CMA essentially as a checking account. We don't do this, but it's an option. We just have our TD bank checking account directly linked to our MMFs. I doubt FZCXX can be set up in Schwab given its a Fidelity MMF, but you can always check, or they may have their own version of the same thing. No I mean VT. VT is vanguard's total world stock ETF that self balances US and international stocks across the entire globe (almost 10k stocks). I believe currently it's a 62% US / 37% international stock split. I can't think of a single more diversified single ETF that exists, hence me choosing it for my set and forget stock in taxable account. VTI is vanguard's total US stock ETF, so it lacks the international component (hence people pairing it with VXUS for international exposure).

Sure_Leadership_6003

Fidelity, highly recommend it for overall trading, I use their CMA and CC also. However I am opening a trading account with IBKR, that will be under my trading LLC.

Pendleton1910

I had this issue with a new account I wanted to use like a separate savings account. Realized the it was only the new account getting delayed so I started making the transfers with the older established brokerage then into the new account. After awhile they all seem to function the same. There are slightly different banking rules for Fidelity to follow between a brokerage and CMA. CMA is the only one I’ve experienced delays on.

BobViolin

I would highlight that platforms like Trustpilot are now answerable to the CMA (Consumer and Market Authority) and which introduced Digital Markets, Competition and Consumers Act (DMCCA) i.e. Trustpilot can be fined heavily for non-compliance on removing fake reviews. The grace period for compliance ended earlier in 2025 and now, you might start to see action for blatant non-compliance cases.

jesse_6285

Except it’s in the short basket with the other stocks like EMG and CMA. It use to follow the same trends. I haven’t paid much attention to it in a couple years. But with Elon taking SpaceX public in the near future I see him developing a commercial flight rocket to offer faster continental flights. Make Virgin Galactic in the dust if he does it

PashasMom

Ah, I wasn't thinking of the difference between my Fidelity brokerage account and my Fidelity cash management account. The wire and ACH transfers were definitely from my CMA.

Haseki-Hurrem-Sultan

It's also probably the hardest combination to get through UK and EU antitrust too. WBD, Paramount, and Sky/Comcast were all subscale in Europe so I imagine they'd have a relatively easy time getting past regulators. Netflix-WBD is strengthening an already dominant player, so is likely a harder sell to the CMA and EU Commission.

wannabetmore

I've had Schwab. Transferred everything to Fidelity as they've been the best for me. CMA acct is great. But it is not a bank to deposit or withdraw cash (same with Schwab's bank-online only and puny interest). I have Merrill also, only in ETFs and to get the BofA bonus. I have great customer service at Fidelity. It may be because I'm an "active trader" when in reality I'm not. I just have bi-monthly investments in a few funds and ETFs. Most of my ETFs are actually Vanguard ETFs and Fidelity let's me buy fractional amounts even though they aren't Fidelity ETFs. I also sell covered calls and all that activity put me in the active trader group with a dedicated number to call. They answer quick and have been great. Fidelity's 2% cash back no fee credit card is great too if you don't play the airline points game. They even have a bonus going on now... Make a certain # of purchase with your card and get $20+ or something. I use it a lot so it's just icing on the cake.

AirportMaterial5917

You think the people at the CMA right now invest in stocks

BlueWhale515

Oh shoot!!!! Is a HSA tax free when you take it out after 65? Like ROTH IRA? Yeah I don’t think it would be ideal for take money out of a Roth or 401k… so a CMA would be my options for downpayment money.

MrAkimoto

If your intent is to build wealth, you only need one fund, and S&P500 index fund from Vanguard, Fidelity, or whomever, it doesn't make any difference. You don't need a bond fund unless you want income, VTI and VXUS are redundant when you have an S&P500 index fund, and the same holds for TSP. If you want to save some cash, use something like Vanguard's CMA or a HYSA. You portfolio shows a complete absence of any thinking or looking at the vehicles you are using for investment. In fact, my post could apply to virtually most of the posts on here asking your question.

Heyhayheigh

It’s the same thing dude. I have it for my mom. Roth. Trad Ira. And regular CMA. I believe it is in the help menu. Or you call and have them send you Docusign. Or you look up the e-sign for trade authorization. Don’t remember. But it is doable. As long as it is Merrill edge (self directed side).

brygx

I use RB and don't trade very often, with Fidelity CMA as my primary checking account. No issues.

IndependenceEasy8936

Who is gonna short FITB and CMA with me?

Notmikeyouidiot

what happened to CMA??? -10% AH??

Notmikeyouidiot

wtf happened to CMA $Comerica?????????

nuxenolith

Factor investing mentioned! CMA (conservative minus aggressive) companies have tended to return a premium historically.

DryGeneral990

I've been using Fidelity CMA as my main checking/savings with no issues. My wife and I deposit our paychecks into it. We pay all our bills and do bill pays.

DeeboBD

I never push directly into my actual investment accounts. Always to a CMA first and then transfer to my other accounts. That way I never put the account numbers for my actual holdings into any other site/company.

phantasm42

If you ever plan on depositing money through EFT or RDC then Schwab all the way. Fidelity was super shady last year with the overnight “everyone has a 15 business day wait for funds availability” fiasco. Then is became a game of having to push not pull funds through Fidelity. In all this craziness they never considered account tenure or portfolio size. Didn’t matter if you had $10 or $10M, still the same treatment. Personally, I will never trust Fidelity for immediate access to funds again. Schwab you are more likely to get immediate access to funds within hours vs days with Fidelity. While you don’t have an equivalent CMA / sweep account, you do get a full fledged bank account. Is Schwab perfect, no; no bank is but for the important bits they are pretty good.

Jordykins850

Still can’t get over how wild FITB-CMA deal is. Literally hinging the whole thing on a bet that FITB stock doesn’t crash and burn before completion of deal 🥲

leomeng

Damn I had a buy idea last night and forgot it (I usually take screen shots ). Anyways, love morning buyouts. Let’s go CMA

HEAVY_HITTTER

This is what I do, but I am willing to take the risk. 6 months in fidelity mmf, which I use as a checkings account basically with fidelity CMA/CC. I think that it's important you have steady employment so you can keep dca in a downturn.

bank_truth

Whatever investments, whether that be HYSA, CMA, Fidelity, or CDs, etc., rates can always change depending on the Fed or depending on the business itself. That's why you need to take a look at a bank that's a lot more secure and stable and has a better reputation compared to chasing rates. Capital One and AmEx, for example, have a lower rate but are more well known and a lot more secure, but the downside is the rates. If you do want to take a look at higher rates, you can check our website. We list all of the US HYSAs along with their updated rates and other features. But before you create an account, do check some Reddit threads first to see if there are any issues with that bank or if they have a good or bad history.

adkosmos

You do understand that rate is not guaranteed in HYSA and also in CMA Fidelity. So you move over and rate drop at Fidelity, then you plan to move elsewhere? BTW .25% difference is 21 cent for every $1000 per month. Btw.. you dont need to use CMA.. and brokerage account at Fidelity will yield interest as money is by default held MMF SPAXX.

bdavid21wnec

Ya, in CMA this is easy. I'm trying to figure out how to do it in 401k. Even if I do an exchange it takes 1 distribution or more for it to work, so 2-4wks, which in a recession might as be never sellings

bdavid21wnec

36yrs old, not so much about age. In my CMA, I have missed alot of downside by selling fast and buying back. Not really an option in the 401k, but I think the exchange is per quarter

GaylrdFocker

Do not invest your emergency fund. What happens if you need to remove it and the market is down like it was in April. With the CMA just use SPRXX or SGOV for your emergency fund, you can invest anything above that. For your 401K, just pick a percentage and increase or decrease as needed for your budget. And I said more than 15% if you can. It's up to you and your budget. Read the links I posted, they cover most of you questions.

Muted_Community_2800

I have CFA,FRM,CAIA,CIMA,ACCA,CPA,CMA,CFP so who is giving advice to whom here

left-for-dead-9980

Put the 12 months of expenses in a HYSA or SPAXX at Fidelity in a CMA account as your emergency fund. If you can open a Roth IRA, do that with a limit of $7k and invest that in SPLG. The rest can go into either a taxable brokerage or the same CMA. Dollar Cost Average into SPLG, IXUS, and SGOV ETFs. Maybe $1k per month each. I would buy individual stocks but that might be too much since you have never done this before.

wanmoar

I work adjacent to the maritime freight business. Don’t do it. The industry is riddled with fly by night operations which regularly go belly up (Greeks mostly). If you want to play this sector, stick to the large listed operations (Maersk, CMA CGM et al)

West_Flounder2840

My entire financial picture is all in one Fidelity account. I use their CMA as primary checking account and debit card. A margin-enabled brokerage account with 20k in auto-rotating t-bills as my emergency fund and for nonretirement investing. Roth IRA, HSA also there. Credit card too. I dont know if Robinhood could provide me with all of those services, but I doubt it, and it wouldn’t be worth the hassle of switching.

oooeeeoooee

If you use any margin they don't give 4% APY. It's better to use the 1k interest free margin (on VOO/SGOV or whatever) and keep your money elsewhere (Fidelity CMA). I personally use Capital One HYSA as it is very convenient and still pays a decent rate.

Visible_Noise1850

We keep 1 year worth of emergency funds in a CMA that we pretend doesn't exist until an emergency.

Hungry-Brain-3287

The EU dropping 7 month old news on GOOGLE the day of earnings. I am sure that nobody at the CMA opened up short positions.

SnooSketches6618

Fidelity is solid. They also have a good credit card and CMA as well. I would go 50/50 VTI & VOO. I would hold off on bonds until you are closer to retirement.

Kryptus

What's a CMA?

nat2r

Fidelity classifies it as a "penny stock" and wont let you purchase it out of a CMA. Absurd.

Apprehensive-Lynx341

Someone just commented that is performance review of checking accounts (the comment has been deleted now). I looked into it - I guess all accounts include my CMA as well. But they just have some interests added in monthly, shouldnt affect the whole accounts performance right?

Over-Computer-6464

I have a simple system just using Fidelity brokerage account with UMB bank checking. I don't have a CMA account but you should also be able to do it with that. The credit cards (Bank of America and Chase) are both set up to pull the monthly statement balance out of my UMB/Fidelity bank account. I have some cash in MM funds like SPAXX and FZDXX. I also have a treasury bill ladder autorolled by Fidelity. I also have some bond ETFs (not SGOV, but it would work also). The interest from t bills and money market and the ETFs, along with stock and ETF dividend income all go into my core account. The credit card bills automatically get pulled from the core account. If the core account starts getting too big, I will move some more over to the bond ETFs. I don't have to monitor anything closely. Just topping off the money market fund once in a while if it is getting low, but more often it gets higher than desired and I buy some more bond ETFs or stock ETFs.

ExcelVirtuoso

You laugh, but there are some areas deep in account services which still retain some of the late 90s/early 00s themeing, like the CMA cash manager tool. Until the past year or two, parts of the fixed income product page still had the old UI. There are probably a few other places you can spot it, but they're buried quite deep in settings and services.

Grapeflavor_

Then you could pair with their credit card and all the cashback will automatically be reinvested in SPAXX. Or you can always buy SGOV under CMA account.

Grapeflavor_

Fidelity CMA does that. It uses SPAXX as core but you can buy FDLXX to minimize tax liability

AgentK-BB

FDLXX is the equivalent of SGOV (for state taxes) but FDLXX has a higher expense ratio. You pay the higher ER for the convenience of auto-liquidation. SGOV is for down payment money. FDLXX is for CMA (checking account in Fidelity).

AgentK-BB

Yes, FDLXX is the equivalent of SGOV but FDLXX has a higher expense ratio. You pay the higher ER for the convenience of auto-liquidation. SGOV is for down payment money. FDLXX is for CMA (checking account in Fidelity).

left-for-dead-9980

You don't need an advisor. And don't pay any fees. That's not how they make money. When you exceed $500k they give you a personal manager to guide you into what they do. Don't buy an annuity or agree to managed accounts. Those have fees. Look at the website and decide if you want ETFs or stocks. Open a Brokerage and Cash Management account. Treat the CMA like a high-yield checking account. Open a Roth if eligible and a Traditional IRA to initiate backdoor Roths each year. This assumes you are working.

ruthwik081

The announcement for the June 2025 S&P 500 rebalance was made after the close of trading on Friday, June 6, 2025. Here are the changes: Additions to the S&P 500: * CrowdStrike Holdings Inc. (CRWD) * KKR & Co. Inc. (KKR) * GoDaddy Inc. (GDDY) Deletions from the S&P 500: * Robert Half Inc. (RHI) * Comerica Inc. (CMA) * Illumina Inc. (ILMN) These changes will be effective prior to the open of trading on Monday, June 24, 2025. This rebalancing is part of the regular quarterly review of the index to ensure it accurately reflects the large-cap segment of the U.S. equity market. The addition of technology-focused companies like CrowdStrike and GoDaddy, and a major private equity firm like KKR, reflects the evolving landscape of the American economy.

Str8truth

Frankly, I don't trust Merrill or BofA as a fiduciary. I think they take the other side of trades and push their advisory clients to buy whatever they're trying to sell. Read your customer agreement to see how they get away with it. My dad's Merrill Cash Management Account kept his cash in a BofA "sweep fund" that paid just 0.01% per year. He moved to Fidelity so his CMA would keep his cash in a real money market account, currently paying 3.96%.

Heyhayheigh

They don’t do fractionals, and don’t allow crypto ETF’s. No recurring buys set to auto. You can use mutual funds to work around some of this. But just easier to use Fidelity. Preferred rewards is good. Surprised Chase doesn’t do something similar. Fast money movement is the real advantage. Easy place to have a self directed CMA for SGOV money. Get the credit card rewards.

Pzexperience

You must not be paying attention. Lol. I recommend getting informed before making dumb comments. Who is laughing now? -Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure. -Apple announced a $500 billion investment in U.S. manufacturing and training. NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time. -IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations. -Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing. -Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology. -Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction. -Bristol Myers Squibb announced a $40 billion investment over the next five years in its research, development, technology, and U.S.-based manufacturing operations. Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity. -United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure. -Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs. -Hyundai announced a $21 billion U.S.-based investment — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs. Hyundai also secured an equity investment and agreement from Posco Holdings, South Korea’s top steel maker. -John Deere announced plans to invest $20 billion over the next decade in American expansion, production, and manufacturing. -United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers. France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs. -Sanofi announced it will invest at least $20 billion over the next five years in manufacturing and research and development. -Venture Global LNG announced an $18 billion investment at its liquefied natural gas facility in Louisiana. -Gilead Sciences announced an $11 billion boost to its planned U.S.-based manufacturing investment. -AbbVie announced a $10 billion investment over the next ten years to support volume growth and add four new manufacturing plants to its network. -Pratt Industries announced a $5 billion investment to create 5,000 new manufacturing jobs in Ohio, Michigan, Pennsylvania, and Arizona. -GlobalWafers, a Taiwanese silicon wafer manufacturer, announced a $4 billion investment in its U.S.-based production. Thermo Fisher Scientific announced it will invest an additional $2 billion over the next four years to enhance and expand its U.S. manufacturing operations and strengthen its innovation efforts. -Merck & Co. announced it will invest a total of $9 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility — including in a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs. -Clarios announced a $6 billion plan to expand its domestic manufacturing operations. -Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, manufacturing plant. Stellantis announced a $388 million investment to establish a “megahub” in Detroit, Michigan. -In addition to its overall investments, Amazon announced it is investing $4 billion in small towns across America, creating more than 100,000 new jobs and driving opportunities across the country. -Regeneron Pharmaceuticals, a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility. -Kraft Heinz announced a $3 billion investment to upgrade its U.S. factories — its largest investment in its plants in decades. -NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina. -Kimberly-Clark announced a $2 billion investment to expand its U.S. manufacturing operations, including a new advanced manufacturing facility in Warren, Ohio, an expansion of its Beech Island, South Carolina, facility, and other upgrades to its supply chain network. -Chobani, a Greek yogurt giant, announced $1.7 billion to expand its U.S. operations. $1.2 billion to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs. $500 million to expand its Idaho manufacturing plant. -Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion, adding 400 new high-paying advanced manufacturing jobs for a total of 1,500 new jobs. -Carrier announced an additional $1 billion investment in its U.S. manufacturing, innovation, and workforce expansion, which is expected to create 4,000 new jobs.

Alpha3031

I'm curious as to your allocation to US / ex-US and your CMA driving said allocation. Also, are you tilting to small caps? Other factors?

charleswj

You don't trade in or keep the vast majority of your assets in the CMA.

charleswj

You could just do checking in a Fidelity CMA and get 3.93% for everything automatically and no moving money

jaredigital62

I have a Fidelity Cash Management Accout (CMA) along with my brokerage. I’m only getting 2.19% interest on my cash balance currently as part of the FDIC cash sweep program they have. Do I need to change my core position on my CMA? Not sure if that’s doable. I guess I could throw my CMA cash into the brokerage cash position if I can’t get a better yield in the CMA.

UnObtainium17

Sold all my CMA and LLY and moved it to UNH. hopefully it pays off.

expensive_hammer

That's probably it then. It looks like for a 777X, a CMA would typically run around 15 years and cost 8-10 million per plane on the high end with support for engines, airframe, landing gear, and components. For all 210 planes that'll run around 31.5 billion in maintenance contracts alone. Add in 105 billion for planes and pricing for 50 additional engines and that sounds somewhat reasonable

LeonTheKid91

Port worker here for Long Beach and Los Angeles. Can confirm that many shipping lines are cancelling sailings to US. Down 33% in volume. We had the worst 2 rev. months ever in 2 decades. Unheard of. Longshoremen and union workers are still out grinding but they aren’t getting paid their 75hr work weeks pay like before. No overtime/hoot shift. A lot of manufacturing companies have cancelled orders as well adding to the blank sail problems MSC projected to have 20% growth this month. Cancelled most of their California coastal routes Hapaf Lloyd, CMA CGM, ONE all the same.

alexio215

Hello, thank you for taking the time to look at this. I am a 22 year old soon turning 23 and am slowly putting cash aside for a House. Staying with parents for at least another year, not looking to buy for another 2-3 hopefully. Attempting to put away 35-40k a year, with about 40k already put away (still living at home). Aside from a 401k and a newly created ROTH, all my "savings" are in a checking account. Ik, this is bad and looking to move away ASAP. What I wanted to ask is if there is an advantage to Money Market as compared to a HYSA at the moment? Rates seem to be trending down overall, but from what I am aware of, the US dollar is being challenged globally, and the treasury is facing a large maturity wall upcoming on a large piece of debt in 2026, and the R word being thrown around... With Global headlines questioning the dollar more than before, is a Money Market or HYSA account effected by this? I saw a brief mention that it is possible to lose value/money in a Money Market account. Is this true? Am I jumping too many conclusions? My current brokerage is Fidelity, and to keep things centralized, I'm looking to open a CMA (Cash Management Account) with SPAXX as my core/default investment. They seem reliable enough, with a few exceptions regarding holds on funds during spikes in fraudulent activity. Can anyone advise if there is a difference between the two that would make you choose one over the other? Are either good options in what seems to be an uncertain market? Thank you kindly for taking the time, I greatly appreciate it, and am grateful to learn.

NotAHost

I think an issue is that some people are saying the ports are 'dead' and 'empty' and other people are saying that there are zero ships coming from china. While there should be a steep drop from Chinese ships, I've seen estimates of ~30%. That is extremely impactful, some people would consider that 'dead' and some people won't. You posted way to many comments to keep track of. One post was cnbc, which said that vessels are down by 45% (12/22 still coming for the week). It also states: >The Gemini alliance between Maersk and Hapag Lloyd has a cancellation rate of 24.39%; followed by the Ocean Alliance, comprising CMA CGM, Cosco Shipping, Evergreen, and OOCL, at 18%; and the Premier Alliance, comprising Ocean Network Express, Hyundai Merchant Marine, and Yang Ming Marine Transport, at 15%. MSC and ZIM currently have a 10% rate of canceled sailings. Another estimate seems like it might be around 35% to 50%, from here: https://youtu.be/YXkWbhAQK5c?t=154, depending on which metric you go by. Please note, I am not attacking you, but I am offering more clarity than just posting many links across many comments. As far as I can tell, there are no 'dead' ports, but there is an impact by all means. A 35% reduction or more in ships by china is still insane, but there are a lot of posts that are trying to say 'zero ships' and 'dead ports' I can't find any recorded data that correlates to that. We will feel effects of it all, but again, the image of empty/dead ports aren't accurate either. 'Effectively dead' with a reduction of 35% from china? Eh, not a fan of that wording either. Dead has implications.

purplebasterd

I'd do Fidelity CMA with FDLXX for liquidity, yield, state tax exemption, and automatic liquidation for transactions.

x_Lyze

I've noticed more scheduled ship arrivals for the Port of LA added yesterday and today, most notably the CMA ships scheduled for arrival in week 20 that are routing directly from Chinese ports. [https://signal.portoptimizer.com/](https://signal.portoptimizer.com/) Most likely Trump was convinced empty shelves cannot be allowed, and promised he would reduce tariffs and/or compensate major retailers. This will of course add even more uncertainty about his economic policy and further reduce any leverage he may have in negotations vis a vis tariffs with all countries. Why offer him anything when he will implement and then roll back tariffs all by himself? Trump has put the US in a position where even the universal 10% tariffs (and uncertainty) will severely hurt the US economy, and no one is willing to make any concessions to the US because Trump is on & off, up or down on tariffs whether you make a deal—or even speak with him—or not.

x_Lyze

I've noticed more scheduled ship arrivals for the Port of LA added yesterday and today, most notably the CMA ships scheduled for arrival in week 20 that are routing directly from Chinese ports. [https://signal.portoptimizer.com/](https://signal.portoptimizer.com/)

KarlLachsfeld

# MAERSK ALTAIR coming from Gyna # CMA CGM SYMI coming from Gyna # YM UPSURGENCE coming from Gyna

ac106

Fidelity is pretty awesome as a [one stop shop](https://www.bogleheads.org/wiki/Fidelity:_one_stop_shop) They have excellent 24 hr customer service. The app is good. Better than Vanguard. Website is very good. The Cash Management Account is great as combo high yield savings/checking/BillPay account with check writing and a debit card. All ATM fees are refunded. The auto liquidation feature allows you to use a treasury money market (FDLXX) as a defacto core position (no state tax). You can also buy CDs with a CMA. Allows auto buys of fractional ETFs. Offers 529s, HSAs, DAFs etc. Fidelity Crypto allows direct custody and transfers of crypto. Good fixed income tools. Fidelity credit card is unlimited 2% if deposited into core position Local branches Fee free mutual funds. (FZROX, FZIPX, FNILX, FZILX) r/fidelityinvestments & r/fidelitycrypto are staffed by actual Fidelity employees who provide customer support. Cons: They put **very** long holds (10 **business** days/2 weeks) when you pull funds from another bank. If you push, it’s availible immediately or within a day. No Zelle No Plaid for linking ACH

XXLepic

Fidelity trading hours suck. Robinhood having 24/5 trading is amazing. Way easier for options too. If all your doing it DCA longterm, Fidelity could be nice. CMA account acts like a 4% bank account w/ debit card no fees. But outside that I dislike fidelity

SnooSketches6618

Fidelity is great. You should also look into their CMA and credit card as well. I know you aren't asking for any investment advice, but I would tell my 18yo self to play around/experiment with options but invest in low cost index funds. Even if you figure out how to do well with options, you are looking at a high-cost, high-tax strategy.

Recent_Audience_3234

!banbet CMA 48 14d

loonshtarr

Seatle was working 2 container ships on Sunday "Wan Hai 506" and "MSC Vandya" both at SSA, day and night shifts. For Monday Work is ordered for MSC Vandya, MSC Bern V, CMA CGM POINTE-NOIRE

Opeth4Lyfe

I also use Fidelity CMA too. I just linked my account to my credit card and pay it out of there.

Euphoric-Magazine300

🥭 making all the American brains leave... and got to Canada. US brain drain. "The Medical Council of Canada is seeing a nearly 600 per cent increase in U.S. medical graduates exploring options to practise in Canada and registering for a Canadian medical licence, CMA president Dr. Joss Reimer told CTVNews.ca on Saturday."

Netsplit_Custody

So this is aimed at Chinese vessels but then also includes any company buying ships from a Chinese shipyard, so that's good news for the European (hello Finland/Germany/Spain/UK) and Korean shipbuilding industries I guess. Meanwhile MSC (Switzerland), Maersk (Denmark) CMA CGM (France) and Hapag-Lloyd (German) control more than 50% of the global container shipping capacity so good luck in your future endeavours, product enjoyers.

Individual_Town8124

The USTR is planning on levying a $1.5m fee on every China-owned, China-built cargo ship that berths in a US port. They are holding a public hearing on March 24. Non-China-owned cargo ship lines whose fleets are more than 50% Chinese-built ships will be subject to a $1m fee per vessel to berth at a US port. Non-China owned cargo ship lines whose fleets are more than 25% China-built but less than 50% China-built will be subject to a $750k fee per vessel. Atlantic Container Lines has already publically said if the US proceeds with these new port fees, they will stop coming to US ports. How long do you think it will take before other cargo carrier lines will refuse to deliver to the US? MAERSK is headquartered in Denmark, HAPAG-LLOYD in Germany, CMA CGM in France, MSC in Switzerland. COSCO is Chinese. None of those countries is happy with us right now. China, Japan and China signed an agreement this past weekend vowing to stand together against the US. If China's COSCO cuts off the US, then OOCL, ONE, and HYUNDAI may do the same. All international commerce to/from the US will stop and our economy will crash.

rainmeterhub

You’re using the Fidelity CMA. If you move your money to your brokerage account, you can buy an ETF like VBIL, which has a higher yield.

DeansFrenchOnion1

>The comments come weeks after French shipping firm CMA CGM [announced plans](https://www.reuters.com/business/trump-hails-20-bln-investment-by-shipping-firm-cma-cgm-2025-03-06/) to invest $20 billion in the U.S. to build shipping logistics and terminals,  >French electrical equipment supplier Schneider Electric [(SCHN.PA), opens new tab](https://www.reuters.com/markets/companies/SCHN.PA) said late last month it would [invest $700 million](https://www.reuters.com/business/schneider-electric-invest-over-700-million-us-power-ai-boom-2025-03-25/) in the country to support U.S. energy infrastructure to power AI growth. You didn't read your own article did you? Macron can call for whatever he wants. The shareholders make the decisions. & it looks like they've decided...

Devastating_Duck501

The consumer only eats the tariff if they choose to continue to buy the European or Asian option still. Many people will switch brands in items where switching is an option like cars. Faced with declining sales, foreign companies will have to sacrifice C1% in order to try to keep some market share. The key is to lower income tax and regional taxes enough to even out the hit on goods that there is no domestic alternative for. It’s actually 2.8 trillion now, UAE isn’t alone and the UAEs investment is over 10 years. Plus the royal family has more in personal wealth than the GDP of the country, so there’s more factors than GDP to consider. UAE - $1.4 trillion Saudi Arabia - $600 billion Apple (NASDAQ: AAPL) - $500 billion NVIDIA - $100 billion Softbank/OpenAi/Oracle (as part of Stargate) - $100 billion Taiwan Semiconductor - $100 billion Johnson & Johnson - $55 billion Eli Lilly (NYSE: LLY) - $27 billion CMA CGM Group - $20 billion Merck (NYSE: MRK) - $1 billion GE Aerospace - $1 billion

Humaniac99

Hello all, I am Humaniac99 CFA, CFP, CIC, ChFC, CMA, CFS, CIMA, CMT, PFS, CLU, CTP, CHFM, CHFP, CIIA, CM&AA, ChEA, ERP, FPAC, FRM and I am a financial advisor. Ask me anything!

RevolutionaryPhoto24

I have literally done that since college. Treated it like a savings account. Practically treat it like checking these days (with CMA attached to brokerage.)

prattbatt

treasury and corporate ladders would benefit you more than bond ETFs. Especially with how much cash you have. Some brokers offer it or you can only get them through an advisor. Low fee of .25%. You can dollar cost average now. Volatility is your friend. Before POV, how old are you? When do you want to retire? Tax bracket? Does your CMA offer tax loss harvesting?

Narkanin

Variable rates, not FDIC insured (although very safe). I just use it because their CMA is so functional and money is automatically held in SPAXX and there’s simply no point in me using a traditional checking account where I’m losing money to inflation. I get a dividend payout every month and at the moment it’s roughly 4% which is pretty damn good for a safe AND liquid account which I can pay into and out of. It’s a great deal for anything short term or, as I said, an alternative to a traditional checking account.

SnooSketches6618

Fidelity has a good CMA and credit card option so that could be a solid 1 stop shop for you.

Boston_Pops

I pull funds into my Fidelity CMA a couple of times/month. It's become the hub my financial life revolves around. A couple of business days later I push to a different brick and mortar to isolate certain bill paying. I've never had a longer time delay. IDK if it makes a difference, but I've been using Fidelity for >30 years. And I certainly never throw them a curve ball. ymmv...

caiuscorvus

Vanguard for invest and hold; Fidelity for convience if you want a CMA or bill pay.

MrFish701

I use a Fidelity CMA and invest in FDLXX which is ~4%. It’s great if you live somewhere with high state taxes as it’s almost entirely exempt from those. You could alternatively invest in SPAXX if your state taxes aren’t bad