CMA

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

nobuhok

Throw it in a Fidelity CMA and buy SGOV.

DizzyRhubarb_

Age: 43, married, US-based, ~$300K income. Debt: Only mortgage and minimal car payments. **Retirement/Tax-Advantaged Accounts:** - **401(k) ($420K):** 20% FZILX, 25% Contrafund, 55% FZROX. - **Roth IRA ($10K):** 100% Contrafund. - **HSA ($7K):** $2K cash, $5K FSKAX **Taxable Accounts:** - **CMA ($65K):** $50K SPAXX, $15K VOO ETF - **HYSA ($41K).** For my 401(k), I'm considering a shift to 35% FZROX and 25% SPAXX to keep cash ready for potential market turmoil... it feels pretty uncertain right now, and I see a lot of people pulling out of US stocks. And I don't know what to do about my taxable accounts, feel a little cash heavy. $15K for a bathroom remodel is the only short-term expense. We don't have any pressing long term plans, I just want to build up some wealth for future use.

Narkanin

Awesome start. Personally, and I do mean that, I would move the CDs over into a brokerage account and try to get a better return. At your age and you can weather the ups and downs for some time to come UNLESS you plan to use that CD money at the end of two years or sooner. Aggressive growth allocation is good at your age, take advantage of the many years of return you’ve got ahead of you. You’ve got good income, low expenses and a sizable savings. I also personally favor something like a fidelity CMA over a checking account as you can get all the checking account functionality + a 4% or so return via a MMF. Or you can keep both and just keep most money in the MMF to help combat inflation.

BytchYouThought

Actually, they are pretty reasonable over there in my experience. They even have folks that literally legit work for Fidelity that will assist you there. They are also pretty fair critically there surprisingly. Fidelity went through a whole debacle last year with CMA and ATMS etc and they were getting blasted there by the community.

Narkanin

Max out that Roth IRA. You’re young get the most you can out of that money. HYSA is fine if you need emergency savings. But if you don’t, I would personally invest in a normal brokerage account once the Roth IRA is maxed out and you’ve got enough set aside for 6-12 months of living or whatever you need in a pinch. If your parents are in the picture and you don’t need an emergency fund for the time being, take advantage of that. Keep in mind the principal investment into a Roth IRA can be withdrawn at any time without penalty, so it can be used in some emergencies if absolutely necessary. Not ideal but it’s possible. Imo traditional checking accounts are stupid unless you absolutely need one for some reason. For example a CMA with fidelity can give you 4% or so average return (variable rate), is nearly as safe as an HYSA in practice, and can provide an ATM card and all the functionality of a traditional checking account including automatic bill pays for credit cards etc. Just some things to think about.

Narkanin

Tbh there isn’t a whole lot of difference if you’re thinking long term storage. The main difference I could find is that HYSAs are FDIC insured but maintain a constant rate. MMFs are not FDIC insured (though they can have their own type of insurance and are still very safe) but the rate is variable and can go above what an HYSA would typically offer. However at the moment I believe most HYSAs and MMFs have about the same rate, just over 4%. For a while I think MMFs peaked above 5%. I like MMFs via a CMA because some institutions, like Fidelity, also offer an ATM card that can be used at any time and the account functions like a fully functional checking account. You can pay credit card and other bills straight out of it, so it’s a great way to avoid terrible rates and fees of traditional checking accounts and at least stay closer to tracking inflation with your liquid assets.

VGBB

Dude, one is all of his accounts the one that says portfolio value, the other is just his brokerage link, which he made the 1.7 million. If you had a Fidelity account you would know you can have your brokerages, CMA, Roth, kids accounts, and many other accounts. This would be the green one. I have the same setup and brokeragelink is when you port your Company 401k portfolio to openly trade ETFs and Mutual funds. If you think something is wrong do some research instead of saying these screenshots must be wrong 🥴

Narkanin

At least move it over to something like a Fidelity CMA so you can get 4+% on it (this rate can change) but it’s miles better than what banks give you. Then you’d be able to easily invest it from there as well.

SnooSketches6618

I use Vanguard and Fidelity. Vanguard is great for trading their funds, etfs, and brokered CDs. Vanguard is not great for trading anything outside of their products. With Fidelity, you have a lot more options, and they have a credit card and CMA you can integrate as well. Regarding your portfolio, 9 different funds is a lot. If you are just getting started, I would say stick with FXAIX and maybe one or 2 others. With FXAIX, you are investing in 500 of the top companies in the US.

dinglebarryb0nds

Since i left a comment i just switched all my bills to SoFi outta CMA lol. Feels good

dinglebarryb0nds

Oh yea first off, fuck fidelity cash management lol. I used it as my main for like 4 years and now I’m moving things to SoFi just this month. I have also have 2 credit unions the whole time. The account numbers are so confusing to do anything with CMA then plaid doesn’t work and it’s just a pain in the ass. Yea fidelity is good for the slow long term investing but that’s about it. And free wire transfers out of CMA I would say keep fidelity brokerage and bank w SoFi

Grouchy_Value7852

I’ll give you that, but, high limits are irrelevant if it’s your daily. But, the SoFi app, imhho, makes it just as easy as Fidelity and don’t need a CMA. Full disclosure- I have ETrade brokerage, Fidelity brokerage and 401k, SoFi checking/savings, CC, brokerage and ROTH, computershare, and am giving great consideration to combining everything in SoFi. My holdback is the Apex fills vs Fidelity.

Fiveby21

You could just use a CMA as your checking though. SPAXX will auto-liquidate, after all. (FDLXX is better if you're in a state with income tax though)

chubbs069

Rollover Question: Left my job last year and they put my 401k into a generic rollover roth through Fidelity, where it is currently sitting as cash. I have a personal CMA and Roth IRA setup with Merrill Edge. I am going to transfer the Rollover IRA to my Merrill account, just so it's all in one place. My question is, is there any reason not to pay the taxes up front on this so that I can invest it into my personal Roth IRA? The other option would be to open a traditional IRA, as I don't currently have one setup with Merrill. I'll also add this is not a lot of money, and, if I decide to transfer to my Roth, the added income will not bump me into a higher tax bracket. Thank you

McKnuckle_Brewery

You can transfer shares from an individual account to a joint one, provided they are of the same tax type and your name is on both. I do it routinely between a joint CMA and a regular brokerage account. You do not have to sell shares.

nauticalmile

You’re effectively taxed the same way with a money market fund as you would be with a HYSA. The broker will include the total ordinary dividends paid for the year on a 1099-DIV much like the HYSA bank would report total interest paid on a 1099-INT. Either adds to your taxable income at filing, and if significant enough/depending on the rest of your finances, possibly create a tax bill. The actual transactions of money going in/out of the money market are often are not even listed on the consolidated 1099 from the broker - looking at the 1099 for my CMA, it only lists the monthly dividend payments. Since the “buy” and the “sell” were both for $1/share, there isn’t a taxable event. Some additional reading that may be worthwhile: https://www.investopedia.com/terms/m/money-marketfund.asp https://www.investopedia.com/terms/b/breaking-the-buck.asp

nauticalmile

SPAXX is holds all very short term treasuries & repos, has only a 33 day weighted average maturity. I assume since the holdings turn over so fast, Fidelity isn’t worried about a big deviation in deposits. Of course, the whole purpose of a cash sweep - if you don’t actively invest in something, at least the money is doing some work for you and the broker via the sweep fund’s expense ratio. The money still has to be available to you, because you never explicitly invested it. In my mind, the risk is not much greater than a FDIC insured account. SPAXX distributes all earnings monthly as a dividend and is taxed as such. It’s a money market fund, so NAV is (virtually) always $1. Money goes in at $1/share and out at $1/share, so no capital gains. I use it in my CMA account in place of a HYSA.

Emotional-Video6363

I'm in my mid 20s and have 120k with no house, income, or retirement accounts. I was thinking about leaving 20k in a SPAXX CMA and the rest (that I would probably need in 1.5yrs) in a CD but the rates are basically identical (4.2%)?

kyonkun_denwa

The median commute distance in Toronto is just over 12.2km. It's actually not super far. By contrast, the median commute distance in Houston it is about 38km, which is more than 3x as far. The reason why Toronto has the "longest" commute is purely because of how much TIME it takes to get anywhere. Because the traffic is so horrendously bad, our average commute speed is nearly dead last in North America- behind New York and Mexico City, but ahead of Vancouver. But bad traffic does not really drain an EV battery, because you're not really running anything aside from a heat pump, an air conditioner, and some accessories. It's MOVING the car that uses a lot of power. Anyways, I'm no EVangelist, but I'd also like to point out that about 40% of people in the Toronto CMA reside in single-detached houses and a further 7% reside in semi-detached houses. So about 47% of people live in some kind of ground level housing that is most likely to be car-friendly and is at least somewhat amenable to in-home charging, which negates a lot of the issues surrounding the dire fast charging infrastructure (which probably sucks because so many EV owners use in-home charging). I know there are complications re. street parking, but we could also argue that a lot of row house dwellers have their own garages and driveways as well, so let's just ignore that for now. It seems to me like EVs would work just fine in Metro Toronto. Hell, my neighbours got a used bZ4X, pretty much the worst EV on the market with shit range and shit charging speeds, and it still works just fine as a cheap daily commuter for their 80-100km worth of daily driving.

dinglebarryb0nds

Yea I’ve been using fidelity CMA as my main thing for all bills for about 5 years

SuitableExercise7096

Problem with "financial advisors" I ran into is that they are Ahave several confusing Titles and other scammy tactics. You specifically want a Fee only Fiduciary ONLY. When you look for one youll find several other people with fancy titles For reference: CGMA – Chartered Global Management Accountant. The CGMA designation, sponsored by the American Institute of CPAs (AICPA), is the mark of distinction in the business accounting world. To earn the CGMA designation, a person has to master the technical finance and accounting skills, understand advanced business concepts and demonstrate strategic leadership abilities. Now on to some other financially related titles and when you might need to work with that person: EA – Enrolled Agent. Licensed at the federal level by the IRS. An EA can prepare taxes for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. They can also represent you if the IRS audits you. CFP – Certified Financial Planner. Works with clients on financial plans, investments and insurance. This is someone you talk to when planning for retirement or saving for your children’s education, for example. CFA – Chartered Financial Analyst. Works with large sums of money, in portfolio management, as financial analysts, stock brokers, investment bankers, etc. CTP – Certified Treasury Professional. Experts in cash management, including the management of a company’s optimal cash positioning through forecasting and short-term investing and borrowing activities and maintaining corporate liquidity. CMA – Certified Management Accountant. Works in corporate finance; analyzes data, creates business strategies for the future. All of these certifications are distinct and they all help financial professionals with their credibility and levels of expertise. Many of these certifications lead to many different positions within a company or as a consultant.

VenturaRyanRound2

Of my liquid assets, typically 100% is invested in some form or another but I also keep my checking account in a Fidelity CMA (taking advantage of MMF). General rule about how much to hold in cash is 1.5x your monthly rotating spend. Beyond that, it’s going to depend on your circumstances (building a down payment, making a big purchase, home renovations, etc)

ASGroup_

I can attest to this. Just transferred to use them as my main checking in their CMA account. Besides direct deposits from employer and wire transfers, PULLING money into fidelity takes 15 BUSINESS days to settle lol. Now I push from my old checking and it’s only a day

Technical_Formal72

Fidelity CMA with MMFs have competitive yields to HYSAs more state tax efficiency plus auto-liquidation

DynoJoe27

What is going on with CMA? Getting bought out?

DynoJoe27

LOL @ that gap fill on CMA

Dihydrogen-monoxyde

50% yes, 50% no. I don't have a certainty. If I had, I would be in options, and I am not. I have, on both, trailing stops to CMA (cover my ass)

cavt71

There were issues with Fidelitys CMA. My husband has his checking account set up through Fidelity. That said I prefer my brick and mortar account to handle my checking account. It’s easy enough to just transfer the funds.

rkoloeg

In general Fidelity is fine. I have an account there. However right now they are having some issues around their CMA (cash management account) offering, so I would avoid making one of those. Rolling over a Roth and other standard stuff like that doesn't seem to have any issues.

Dull-Cap1566

* **Consider consolidating FSKAX** (broader exposure) and removing **SPLG** for simplicity. * **Move PG to CMA** and focus your Roth on growth funds. * **Diversify CMA** beyond tech-heavy holdings (e.g., QQQM and AMD). * **IJH and IJR** are good, but FSKAX might already cover small/mid-caps. * Diversify with international funds or other sectors. Anyways you're off to a great start!

_Panda

I wouldn't worry too much about where you're holding cash. The difference between a money market fund and a good HYSA is going to be minimal. Unless you have a lot of cash, the brain space spent on optimizing out like $50 a year just isn't worth it. Put it in something reasonable in those categories that is easiest and most convenient for you to access. For me this is as SPAXX in my brokerage/CMA account, but other people may prefer different setups. Ideally you want something like 1-2 months of expenses in checking/something you can pay out of where you literally don't care about the return and 4-6 months of expenses in a HYSA/MMF equivalent that you can basically immediately access but hopefully earns some small return. It all depends on your risk tolerance, but personally, I don't see any reason why I would take a different strategy with the money in my brokerage vs the money earmarked for retirement. My suggestion would be to follow the same strategy as your Roth IRA for the vast majority of your money, but maybe take 5-10% and use that to play around with stocks you like or other strategies. Though you may actually want to have this "playing around with" money in a tax-advantaged account so you can freely sell and trade it without worrying about tax implications.

Bambam_Figaro

Vanguard, State Street, Fidelity, etc. Regulators would not allow them to merge under antitrust / anti monopoly rules. FTC in the US or the CMA in the UK for example. 

Phuffu

I see these posts about Fidelity all the time and as a customer for over a decade, I have no experienced this. My friends Venmo me alllll the time and I send the money to my CMA and can withdraw it the next day.  Not to dismiss your issue, it’s just weird is all.

Technical_Formal72

Look into USFR or TFLO for your housing fund. I use Fidelity CMA. My strategy is to keep my checking in SPAXX and my emergency fund in FDRXX. I’ll use USFR for any short/mid term cash savings. Don’t see much of a point in HYSAs they earn less and are less tax advantaged than the strategy I just listed out. On top of that they are usually less liquid and flexible outside of accounts like Wealthfront that double as a checking acct.

Lord_Humongous768

Nope. I have been moving deposits through Fidelity brokerage just fine. I'm aware that some people experienced delays related to ACH and CMA type accounts

guylostinthoughts

Except a large majority of ports aren’t owned/managed by government(s).. something like 80% are either foreign owned or managed. DP World(U.A.E) is a big name. As recently as 2023 CMA CGM (French owned) acquired 2 terminals at New York and New Jersey from a Canadian owned firm.

LostSoulNothing

No. My balance (CMA and brokerage) is about $200k and they are holding an $8k check I deposited on 9/16 until 10/8

LostSoulNothing

They advertise the CMA as an alternative to a traditional checking account

LostSoulNothing

I've been a Fidelity customer for over 10 years and the balance across my CMA and brokerage accounts is about $200k. I deposited an $8k check in my CMA on September 16 and they are saying the funds won't be available until October 8. I was told their new policy is to hold all check and ETF deposits for 16 business days. A manager also admitted to me that this change was made without notice and that they are aware the information on their website about deposit holds is no longer accurate but they don't know when or if it will be updated

Phuffu

The only money that enters my Fidelity account is via direct deposit from my paycheck or Venmo. Haven’t had any issues withdrawing from my CMA.

McKnuckle_Brewery

That's not what I mean. I mean that my deposit limit is MUCH higher than the $1,000 or $1,500 or whatever Fidelity has limited many CMA customers to since this issue arose.

McKnuckle_Brewery

I have a few mil with Fidelity, been with them \~20 years, and still have a $100k daily deposit limit for CMA showing on the app. So between assets and tenure, there probably are some rules in place.

Dgb_iii

I understand the frustration but I don't use Fidelity as a bank so I think I'm okay. I don't plan on pulling that money out anytime soon. I have HYSA's and checking account for such things. To be fair, Fidelity does warn that the CMA is not a bank account.

tonykony

Just happened to me when I was in Taiwan. Tried to transfer money into my CMA account so I could use the debit card to withdraw local currency (new Taiwan dollar). Was locked out but also had no cash to exchange at the airport (I know… rookie mistake). So I ended up having to take a cash advance with a credit card 💀😂 (30% fee) to withdraw cash. Luckily only needed about $50 ($65 after fees) to do what I needed to do in my long layover. Lesson learned to not keep all eggs in one basket. 🧺

Samui-747

This is simply false information. I have been transferring money in and out of my CMA almost daily with no restrictions.

greytoc

Are you asking about a debit card for a brokerage account? It's not about the card - it's about the way that the financial systems are segregated to reduce systematic financial risks. So systems like ACH is a banking facility and accessible only to depositories. A brokerage account is at a broker which is not a depository. The way that bank-like products work at a brokerage is that the broker has to partner with a bank to provide those services. And funds get swept between the brokerage and bank account. In your example - Robinhood's spending account card is issued by Sutton Bank. And Fidelity's CMA cards are issued by PNC Bank or Leader Bank.

kylv3e

yeah i have a tendency to go up like 10,000% in 2 trading days and by day 3 i've chased off 80% from not being able to lock in (have young kids so they tend to meed my undivided attn and yk how quickly it can go from green to red) and i more or less was just thinking out loud as to why. i am by no means wealthy, i use my gains to buy things my kids want and extracurricular shit, so i lkke having that option to have immediate access via debit card to gains. i am in the process of switching back to fidelity, having that CMA account and a debit card just makes things more convenient. but i thin it would be cool for some company or bank to come out with a trading card of some sort that allowed you to transfer funds to and from any and every brokerage and allowed you to have immediate access to those funds. idk if i'm wording it right but yeah. makes sense when i read it in my head lol. i'm at work rn so it prob don't.

kylv3e

This was auto removed and suggested to be posted here so i copy and pasted.. Why isn't there an app or company that has created a card that can allow you to transfer funds in and out instantly? Not just with say Robinhood and the spending account or Fidelity and CMA but an actual card specifically for that purpose to allow someone immediate access to funds? I can understand stuff that hasn't settled but any with platforms like IBKR (rip debit card) and Tradestation, you have to wait x amount of days before the funds hit your account (ACH transfer that is) and it's always a hassle. By the time I even think about the transfer, my dumbass gets chasing like an idiot and before ik it 60%+ of my gains are gone before I can use them wisely. I suppose I'm just thinking out loud but I have wondered this before. I highly doubt it is a thing and there is probably a massive reason as to why it won't ever be, but I am not that smart I guess. And there's a good lot of you that just might know of something as to why not or perhaps even a way to do it somewhat or maybe even a legit app/card/company that does this. Regardless, hope everyone got some gains.

Kr1s2phr

I believe that. I don’t think you should get rid of it, but I do believe that you need more than the S&P to get a head, and stay a head. I think, despite your age (in general), a well balanced portfolio is all you need. Personally, in my taxable I hold… SCHG, TSLA, USFR, and FLOT. My Roth consists of VONG, TSLA, MAIN, and a small allocation of FEPI. I also hold Bitcoin and Solana. And I have SPAXX in my CMA.

W_HoHatHenHereHy

How about compared to a US based HYSA or brokerage CMA? Vanguard’s Cash Plus is an FDIC CMA (lite) paying 4.5% with ACH bill pay.

W_HoHatHenHereHy

How about compared to a US based HYSA or brokerage CMA? Vanguard’s Cash Plus is an FDIC CMA (lite) paying 4.5% with ACH bill pay.

McKoijion

Fergie hoped for that, but people ended up laughing instead: https://youtu.be/CMA2iF6RuXk?si=pCJa6HOQU20CrEm8

RevolutionaryPhoto24

Considering moving slush funds from CMA to trading account just so I can do something….seems perhaps not the best precedent to set, though.

catchaflier

I would recommend against one only, too easy to get hacked these days. I use 3 just so I don’t wake up one day with all my money gone. Best all around - Fidelity - MM sweep, CMA account and surprisingly good fills. I almost never bother with a limit order anymore. Runner up - Schwab by way of TD Ameritrade and ThinkorSwim - A holdover from when I used to trade options more often. It’s fine now, it just doesn’t have an automatic money market sweep. 3rd - Merrill Edge - strictly because I bank with Bank of America and have a Bank of America credit card that gets me 2.625% cashback. If I was an active trader, or traded a wide variety of products, I would’ve kept my Interactive Brokers account instead when I went through my simplifying phase a few years ago. At this stage of my financial life I’m sticking with the too big to fail class of banks and brokers. Vanguard is in that class, but I’ve just never had an account there.

Walternotwalter

IBKR for the UI and what you can trade Fidelity for the entire ecosystem (CMA/Credit Card/Margin, etc.)

Trick-Barracuda8022

I've been accumulating a decent chunk of money (\~$50K) over the last year or so and have been keeping it in my CMA account just floating there. Every time I want to dump money into an index fund like VTI, it's pretty much the highest or around the highest it has ever been. When should I dump money into index funds? My fear is that the market is going to crash soon and I'll miss time it. I know you should never try to "time the market", but it just feels so wrong dumping money into such a hot market. Thought?

RevolutionaryPhoto24

Cut off for options trades, though. I am so tempted to pull some into my CMA. But. I won’t.

Caboun6828

Fidelity CMA core position is 4.95%. Open that account and set it there while you figure it out

Pigweenies

Can use a fidelity debit card to pull from your CMA and SPAXX positions. Also no fees for ATM withdrawals. I'm sure there are other differences but I plan on using it for organization and centralizing all my accounts and stuff, as opposed to a standard checking account via a bank.

Pigweenies

The CMA on fidelity invests into SPAXX as a core position when there's money in the account. SPAXX would yield more than just sitting in a regular checking account though correct? With little to no risk hopefully

Adventurous_Yak4452

The only reason to have a CMA is to withdraw cash from ATM, but you don't need to deposit money in the account to do that. You can have it transfer money from your brokerage account when overdraft happens. I keep of my cash in the brokerage account because SPAXX has a higher yield than whatever the CMA gives you.

RevolutionaryPhoto24

I don’t know about smarter. But far from financially free. It actually makes me happy to buy shares over stuff (and experiences/education, I don’t even think too much about.) But. Point taken. Safety and a baseline is reasonable and within reach. (And I will get takeaway from the Thai place on Fridays that go well, still. But actually keep extra cash in the CMA this days, which feels like luxury.) Thanks.

RevolutionaryPhoto24

Ok, well, I have most of my last two paychecks in a CMA rn, after I pay bills I’ll keep the leftover as cash - fully invested is a hard habit to break. But. Yesterday was a bummer - watching everything bleed and not being able to make a move ahead of, for example, NVDA ER or depressed SPY.

Difficult_Scene7802

I use both, with the lions share at fidelity. Right now you can't go wrong with uninvested/settled funds at 4.97 day yield with spaxx at Fidelity.....I both a CMA and brokerage at Fidelity, no complaints.

MONGSTRADAMUS

For me I prefer flexibility of Fidelity , where you can do auto buy and partial shares purchases of etfs, you can not do either of those things at schwab. Also a pretty minor thing is CMA at fidelity where you can potentially have a \~5% yielding checking account with reimbursed atm fees. For me that is why I chose fidelity over schwab after leaving vanguard. Right now I do weekly buys of AVGE and some ftec and soxq for funsies.

FanAffectionate309

Hi, I was wondering if someone can explain me after hour trading and in this case of the stock CMA. During after hours it went from $55.56 to $53. Which data explains this decline in value? How relevant is this value of the stock for the next trading day? https://www.nasdaq.com/market-activity/stocks/cma/after-hours-trades

GuerrillaRobot

You mean your CMA? Why not just use a fidelity brokerage account? It’s right there..

vivsterspark

Thank you for making the time to respond in such detail. I have one more question, though! I already have a Merrill edge CMA account, would it be worth it to switch to Vanguard?

OptionsAce

And here is my list for today. Enjoy! **Bullish Order Flow:**                                                                                                           Buyer of 4,000 **Baidu (BIDU)** August 105 Calls for $3.65 – Stock at 100 Buyer of 4,000 **Corning (GLW)** August 50 Calls for $0.50 – Stock at 45 Buyer of 9,000 **Corning (GLW)** August 48 Calls for $1.20 – Stock at 45.7 Buyer of 2,500 **Nevro (NVRO)** January 10 Calls for $1.10 – Stock at 8 Buyer of 8,500 **Confluent (CFLT)** September 33 Calls for $1.10 – Stock at 27 Buyer of 2,000 **Pinduoduo (PDD)** July 144 Calls for $1.10 – Stock at 139 Buyer of 1,000 **Hewlett Packard (HPE)** August 20 Calls for $1.65 – Stock at 21.3 Buyer of 4,000 **Robinhood (HOOD)** November 27 Calls for $2.16 – Stock at 22.3 Buyer of 3,500 **United Airlines (UAL)** August 50 Calls for $1.92 – Stock at 47 **Bearish Order Flow:** Buyer of 1,000 **Comerica (CMA)** December 47.5 Puts for $2.73 – Stock at 52 Buyer of 1,500 **Nvidia (NVDA)** June 121 Puts (exp. 2025) for $16.05 – Stock at 135

yingbo

Sorry CMA. Cash management account.

yingbo

Hi sorry I was talking about chipotle stock earlier. I mean CMA. Cash management account.

Oronthogorgon

I don't believe this is correct. I don't see this feature on their CMA features page and even [this Reddit thread](https://www.reddit.com/r/fidelityinvestments/comments/1aisgug/will_fidelity_likely_ever_offer_zelle/) from just a few months ago says it doesn't offer Zelle.

Hot_Significance_256

come to Fidelity CMA