CMA

Doggies1980

Mutual funds are more profitable than stocks, I'm gradually decreasing to just a few stocks, I'd rather have stocks in my CMA. You're keeping funds a lot longer too

Doggies1980

Ppl actually believe they'll live long apparently 😂. I am anti Roth, would never do, that's your money, why on earth would you pay taxes on something you can use until retirement age and then either die before retirement or shortly after - I guess ppl live in a bubble thinking they'll never have health issues or life events where unable to work. I have common sense, only do 401k traditional, the point of paying in during working years is to give you more money working instead of landing on the streets poor just to contribute. I only have traditional rollover from past jobs so I never ever put more money in, mutual funds are gonna pay you way more than stocks so only have a few stocks, have a small amount in CMA and then current 401k otherwise the smartest thing is having a huge chunk in bank acct by the time you retire, no fees to withdraw early. You get SSI so it's not like I'll need a tons more, I always live within my means

Doggies1980

Mutual funds will always pay off more in the long run. I have them and a mix of a few stocks. I have my rollover IRA and then CMA which is nice as well, non retirement so withdraw anytime

max8700

The ATM rebates at Fidelity are awesome. Maybe other firms/banks do it but it’s so nice that I can ignore a $5 fee if needed, knowing I’m getting it back. I’ve used Fidelity CMA for my checking account for nearly 10 years now. It’s awesome.

MotoTrojan

Can also setup a CMA at Fidelity and tie it to a brokerage with auto rollover. 5% yield if I recall right in SPAXX, and free (rebated) worldwide atm withdrawals, also acting as effectively a checking account. 

UnObtainium17

I sold all my LOW last year, i think i sold it along with all UNP that I had too. Both were great companies to hold, but I needed funds to get CMA, BAC and RTX on a dip.

OkPlan123

I’m gonna give you a talk like lance armstrong in dodgeball… In 2019 I thought I was on top of the world. I had over 500k in the bank, I had some crypto, and I built up a well diversified stagnant dividend portfolio that my grandpa left the family from like 120k - 500k in a couple of years. It would produce around 18k a year at the time. I started the uptrend with selling some 1k -2k of shares of CMA getting into 220 shares of CMG at 272. I diversified the portfolio well and it seemed like 90% of the moves a made panned out quickly. I would always use CMG as my savings when it was on the up before a downtrend I would sell some shares to play around and make some money in a position and kept adding to chipotle. One day I saw the downtrend about to happen for chipotle and I now had 450 shares. I saw a good day trade opportunity on a stock I had some luck on in the past. They were expected to have a positive earnings report from a lot of good moves and their sales were extremely strong that quarter. Well I sold the CMG in its entirety because I saw the pattern of the downtrend (which I was right on) and went all in on this stock the day before earnings. Woke up, and instead of an earnings call they went Chapter 11. That CMG position is worth around 1.2mil right now. Had a couple hundred shares of TSLA that year too and I took my 25k profits on to pad the CMG that could have been worth 500k now. I bought into PDD and BILI early which at the heights would have been worth 750k if I held til then. Now to the crypto. I had a mentor that helped me in a lot of aspects of my life and mindset. I sold all of my crypto because he was convinced they were all a scam. If I held the BTC, ETH and DOGE I had then, at times together they were worth 4mil. Now we get to the cash in the bank.. was looking to buy a house. Found a perfect not dream home but perfect home for a single me to be set until I had a wife and 2 kids. Like a lot of people here, I was just waiting for that housing crash. Well the house I didn’t buy 2.5Xed in value and is worth 2mil right now. What I did end up using the cash for was a business opportunity that I was told I would just be needed a week a month and the person I knew a long time had a good track record and was fully capable. Well let’s just say my week a month turned into 3 years of staying there. He didn’t execute his side of the bargain didn’t execute shit. Night and day from the person everyone knew him as for years. Well then he died of the vid and I was stuck in a business that wasn’t mine/my forte that was fully built wrong, not profitable but had to be completely turned around while it was a running business and also by ran. Well I did all I could, my health was suffering and it was just time to call it quits or possibly die myself. I’m now 500k in debt and going BK with nothing except I got married along the way so I’m not in it alone. I’ve felt and know what you’re dealing with, my run up was off a heart break. It fueled my fire. I’m looking for the fire again too, but at least you’re alive and there’s mistakes to learn from. I have a family business that exists it doesn’t make a lot, but it pays the bills for everyone. The lessons I learned and trials I went through I never would have learned if I didn’t go away. With those lessons and the foundation I have, I can grow the business like the generations before me didn’t do. I took the risk and got whooped, but what I have is the knowledge, know how and experience to know what to do when I have the opportunity to grow. It’s rough, some days you don’t want to get out bed, but look life happens lessons happen and trails happen. In the Bible it speaks of these trials, all of the notable prophets in the Bible had trials. Trials build us up to the person God wants us to be. Without trials, you’re already a lost cause. There’s a plan for you, there’s hope for you. you got this.

ZettyGreen

My only issue with Cap1 is they have been known for dropping the yield on their savings account after a period of time. They def. did that with me years ago. You might think about the BOA/ME along with their rewards system. BOA's savings accounts are bad, but the CMA account via ME has amazing money market funds, like TTTXX, which even offers same day transactions. If you can park $100k there(they can hold your Roth IRA too), you can get up to 5.25% cash back on your credit card spend. It can make sense even with only 20k-50k also, see their rewards site for details. Otherwise most brokerages have CMA accounts(basically a brokerage version of a checking and savings account in one). So that's an option too.

Doggies1980

If you only had a traditional 401k and savings you'll be just fine since retirement age you'll still get SSI. I do also have my rollover IRA from previous jobs so that one I don't put new money in, I just buy and sell, but mutual funds have the best gain. I put a small amount in CMA for investing, you are just taxed on gains. I prefer having a lot in my bank since you'll need that more than retirement right now. My 401k takes a lot out for each check so I def need a lot in savings. You're alive way longer younger than retirement. I have about 20 yrs left and I view my SSA every so often and by that time SSI will be more. The average at my current income is close to what I get now so a little buffer from savings or retirement is all I'd need. I plan to retire around age 63 so I know I def wouldn't need a million dollars.

MONGSTRADAMUS

If you want absolute highest yield then vanguard is your best option, but benefit of fidelity is that you could use their MMF as a pseudo checking account with CMA, which will reimburse all atm fees from any atm. They also have bill pay and debit card. I don't think vanguard has any of those options afaik.

justjose

Quick question Any chance on Cash Accounts? And if there are is there a way to have them one of each type? (Like having both a margin and cash account available) Also off topic but is the HYSA going to recieve more features further down? (Similar to a CMA account with Direct Deposit, routing numbers, etc.)

Doggies1980

Doesn't matter if Roth, traditional, CMA, brokerage. If you're not a day trader it's best to try to keep at least a month. Everything fluctuates, some are mostly good and others not. Put on a watchlist before you buy too. I find mutual funds to be more profitable, but there's thousands of those so gotta just research 😂

uncivil_engineer42

Going to go out on a limb and guess one of the regional banks that have been unduly beaten down based on rumor and not fact. One of the larger Peer Group 2 or smaller Peer Group 1 banks with enough capital to absorb a real downturn that isn't heavily invested in CRE. CMA would make some sense but their AOCI is getting wrecked by their Treasury holdings and WAL's latest 10Q notes their FDIC-insured deposit rate is still low... though Warren giving an injection of funding would definitely help shore that up.

StephanieCarter410

Just opened my account here! I've been researching them for a couple weeks, we'll see how it goes. I have a fidelity CMA but I just spent 11 months trying to get them to deposit a 10k check that was given to me by my grandpa; that issue just resolved today after dozens of calls, messages, reviews and complaints filed with FINRA and OOC so I'm not ready to put money there again so soon.

op_loves_boobs

Fidelity CMA saves lives

Doggies1980

I like fidelity, have different accts on there and now CMA so can withdraw and just taxed on gains I withdraw so that one I'm making majority fidelity mutual funds. My IRA I made some bad and good stock choices back in 2021 so I've lost on some. I don't necessarily go for only these big names, but I'm not paying more than $200/share, I like to put on a watchlist and research the company and will never get a biotech again.

AmbitiousOil9370

KEY, CMA and VLY seem like good setups. Weaking earnings, heavily invested in CRE and low capital ratios. KEY in particular has been dogshit for years, it just needs some push over the edge to get fucked.

LegateLaurie

> microsoft could buy activision with barely any problems Well, the FTC took it to Court, the CMA in the UK denied it and then re-reviewed it in a large part because the appeal at tribunal was going badly (resulting in the weird arrangement where MS have to essentially give money to a competitor (Ubisoft) who benefits for little to no reason other than the CMA wanting to save face by making them do something).

TumbleweedOpening352

Still a lot of shipping companies going through Red Sea, many Chinese and CMA CGM. But 0 ZIM ships, not so sure it's good for them, they are loosing market shares every day and the FBX index for Pacific, their first market, is loosing 5% every week.

zg44

Watch bank stocks tomorrow pre-market: RF, ALLY, and CMA are 3 of the last big banks to report. Banks have been straight down the past week due to JPM which is why small caps have been selling hard and breadth has been so poor (healthcare as well due to UNH). If we see any signs of a bottom from RF, CMA, and ALLY, tomorrow can see a massive greed fueled buying binge on all the stocks that have traded poorly the past 2 weeks (small caps, banks, Healthcare, EVs, etc.). (This is a TLDR to my previous post).

zg44

Third straight day of terrible breadth in markets despite TSM earnings boosting chip stocks again and AAPL's upgrade helping drive Mag 7.  We're at record levels of low breadth for S&P 500/Nasdaq 100 at 52 week highs.  This is a very unusual market. Financials and Healthcare have been straight down since JPM/UNH led them down last week, which is why breadth has been so bad.  Small caps (Russell 2000) have followed banks/healthcare down. What does it mean?  I think we see a big breakout to new ATHs on S&P 500 because there'll be a catch up trade if/when the PCE comes in under 3% (and under 2% on a 6 month basis) and markets force the Fed to start cutting rates in March.  JPow can try to talk it down but there's no chance they don't do a priced in cut. Past 15 years, FOMC has always hiked or cut matching bond market pricing at FOMC meeting dates.  That isn't going to change now with PMIs deteriorating across the US and China exporting deflation with its economy not growing. Best way to play is probably AAPL on a followup move tomorrow or IWM if small caps try to catch up.  Keep an eye on ALLY, RF, and CMA earnings pre-market: if they show any signs of a bottoming out rally (i.e. selloff premarket but bounce hard), I think we see a massive catchup trade tomorrow even though it's opex.

GaylrdFocker

Why do you need that on a transfer? >How much does Merrill Lynch charge for the transfer? https://mlaem.fs.ml.com/content/dam/ML/pdfs/ML\_Web\_Fee\_Schedule.pdf >And does this transfer fee come out of the Merrill Roth IRA balance or do they take it out of my CMA Merrill account? The Roth IRA unless you ask them to take it out of the CMA. Though if you ask Fidelity, they may reimburse you the transfer fee.

TumbleweedOpening352

Chinese don't go around, CMA CGM doesn't go around. The Red Sea is still packed with container ships, just check Marine Traffic, you will be surprised to discover the truth!

iXProject

I mean I hope it goes through bc I’m an idiot and bought some when the CMA passed it.

MotoTrojan

+1 to Fidelity. I do all my banking there too ($0 CMA that auto pulls from brokerage, free global ATMs).

TumbleweedOpening352

That's why we are shorting it! The geopolitical situation is bad for ZIM. The company is losing all the Muslim market and should be the last to re-enter the Red Sea. The bid winner is CMA CGM for now.

SynergyTrades

First you need to understand there are five factors which explain asset pricing within a portfolio: it’s like having five different ingredients that help us understand how investments behave. Market (MKT), Size (SMB), Value (HML), Profitability (RMW), and Investment (CMA). Firstly, there's the overall market (MKT). Think of it as the big picture-the ups and downs of the entire stock market. That's our baseline Second, size and value (SMB/HML). Size means looking at big companies versus small ones, and value looks at whether a company is more of a ‘value deal’ or more growth focused. Next, we have profitability and investment (RMW / CMA) Profitability is about how well companies make money, and investment looks at how conservative or aggressive a company is with its investments. Imagine you're making a recipe. You wouldn't just use one spice, right? Diversification is like adding different flavors to our investment mix. It helps us manage risks better by not putting all our eggs in one basket Putting it all together is like making the perfect dish. We use these factors to create a mix of investments that matches what we want to achieve whether it's growth, safety, or a bit of both. Now, here's the trick. We want to balance risk and reward. If we want the potential for higher returns, we might take a bit more risk. If we prefer steadiness we will go with a safer mix. Now there are five main risk factors which are related to these 5 factors. They’re environmental drivers of the positions within the portfolio: Market risk, momentum risk, value risk, size risk, and low volatility risk. We want to build a portfolio that is balanced equally to the 5 factors. Where do we want to start with building a portfolio that achieves such a goal? Global diversification (investing in foreign markets), currency diversification (investing in foreign currencies or specific USD pairs. Sector diversification. Allocate investments across factors in a balanced manner to minimize exposure to any single factor. For instance, include a mix of large and small-cap stocks, growth and value stocks, and high and low volatility stocks. In your case, you’re way overexposed to quality/value I.e “defensive stocks” and these stocks tend to exhibit low volatility risk. Allocate towards more “growth stocks” and to balance the low vol risk allocate towards stocks exhibiting high “momentum” due to catalysts. Make sure these stocks aren’t quality or value stocks. Also, allocate towards value and quality stocks in foreign countries. Sell a few of the names you have and stick with the ones providing the highest yield, I would cut it in half to start out or by 2/3. Quality stocks can be found in various sectors. Identify sectors that are underrepresented in your portfolio and consider allocating funds to them. This helps reduce concentration risk in any single sector. You’re to concentrated in consumer staples. Low volatility risks: Consider adding assets or investments that have historically exhibited higher volatility. This might include growth stocks, small-cap stocks, or sectors that are more sensitive to economic cycles. VIX futures or ETFs that track the VIX. The VIX tends to rise during market downturns, so these investments can act as a hedge against low volatility. Implement a long/short equity strategy where you simultaneously hold long positions in stocks expected to perform well and short positions in stocks expected to underperform. This can help mitigate the impact of low volatility on the overall portfolio. Align your investments with different time horizons. Short-term investments may be more sensitive to market volatility, while long-term investments may provide stability over time. Consider reducing your allocation to these low volatility and reallocating funds to other asset classes with higher volatility potential. Sectors like technology, consumer discretionary, and industrials tend to have higher volatility compared to defensive sectors. Adjust your sector allocation to introduce more volatility into your portfolio. Periodically review your portfolio to ensure it aligns with your risk tolerance and investment goals. Rebalance your portfolio by adjusting allocations to maintain a diversified and risk-appropriate mix. Remember to carefully assess the potential risks and returns associated with any changes to your portfolio. Diversification is about spreading risk, so be sure to maintain a balanced approach that aligns with your overall investment strategy and risk tolerance.

bodymindtrader

And Maersk and MSC and CMA

Bronze_Rager

For me I have to wait 1 day for it to process. Thats close enough for instant for most people. Plus if you really want, you can open a CMA account which you can write checks and pay bills from, while still maintaining the juicy 5% interest rate. The only thing Fidelity doesn't really do is accept and deposit physical cash.

WiLD-BLL

Ah. Forgot about the min financial crisis. I bought KEY for under $9, now $14. CMA and CS bonds for a 7% return in 3 months.

UnObtainium17

Sold LOW few days ago. now Im looking into buying more HCA, BAC and CMA. SYY looks good too but i dont see the need to hold 20 tickers.

Kyrneh-1234

The only "free lunch" in investing in diversification. This means investing across all countries, all industries, and all types of companies (small, big, growth, value...). 100% SCV (or 100% of anything) breaks this diversification idea. Yes, we should overweight profitable factors (size, value, quality, investment), but only up to a degree. At some point the gains from additional factor exposure are outweighted by the additional risks because risk scales quadratically with factor exposure but the extra EV scales only linearly. This means, at some point, you are better off taking on additional leverage (through margin credit or leveraged ETFs) to increase your risk and expected returns instead of increasing factor exposure. So rather put 20% in SCV, 20% in Value, 10% in Quality, 10% in Investment (CMA) and the rest in total market blend. (This is still a quite aggressive factor tilt.) If you still want extra returns at the cost of extra risk, reduce your bond allocation and increase your leverage. In general, you want more risk and more leverage early on (where you still have lot of time to wait out the volatility) and lower your risk later.

NN110

Thanks for replay. That's possible though I think it's also probable that the money will be spent on acquisitions (like CMA CGM's acquistion of African port business).

Tendie_Tube

Doesn't matter. The Bank Term Funding Program will almost certainly be renewed in March. This will stop any bank runs, as it did since April of 2023. Plus rates are falling along with inflation, so those paper losses are about to shrink and CRE is about to not be as big a deal as people thought. Pick up some CMA at a PE of 5 and yield of 6.3%.

Objective_Umpire7256

The UK is in a sort of weird place though because of Brexit, so is engaging in a lot of jazz hands around things like this. The Competition and Markets Authority already went OTT in a show of “look how much power we have now outside the EU, we can do anything!” And blocked the MS/Activision acquisition, they seemed to rush so again they could be seen to be “leading” and blocking it first. But then, the US/EU okayed it, and then, eventually, the UK CMA quietly backed down so all the show and PR about this was for nothing. Adobe is now presumably going to lobby the CMA and conservative government to death, and most Conservative ministers are cartoonishly cheap to corrupt. So this may not be final.

JournalistFew2794

Reagarding the possibility of the UK CMA not approving the Adobe aquisition of FIGMA: The CMA said that as Figma provides software used by 80% of the UK professional product design market, a merger with its largest competitor would eliminate competition in product design, image editing and illustration. The regulator said the sector is worth nearly £60bn to the UK, representing 2.7% of the national economy.

MONGSTRADAMUS

I prefer fidelity I have tried vanguard before but not Schwab it’s mostly for the flexibility and some features the other two don’t have. Auto re rolling of tbills is a unique feature of fidelity other than treasury direct I believe. They also recently rolled out recurring purchases of partial shares of etfs which is nice I am experimenting with it now. CMA is a nice option for checking like account where you can bill pay and get cash from atm , all while getting 5 percent yield so basically like a 5 percent checking account not sure have seen any places that offer that. There are minor things like zero cost and slightly lower expense ratio for some of their index funds but difference between .015 and .03 is probably not a big enough difference to really matter long term.

miktoo

OP meant to buy CMA

UnObtainium17

Bought a few ALB to average down. Its the stock I picked this year that got beat up so bad. The dip i bought months back is down 30% lmao. The others I entered this year like (BJ, ULTA, CMA, DG, PFE, RTX) did ok. I like them all long term.

Sir_Dolphin

All this commotion around CMA today (spell that backwards) reminds me of the very first time I tried to trade options a few years ago. I wanted to buy AMC calls the day it pumped to $70. I typed in the order, put my phone away and let it sit. The catch? The order never filled. I thought it was like shares where you could just press the "Buy" button and get the option. My dumb ass almost stumbled into a 20-30 bagger, one of the best trades I ever would've made, but missed out on it all because I was too dumb to realize it didn't fill

Rare-ish_Bird

Ever want to just jump on a plane to Nashville with your little black dress in a backpack and get last-minute nosebleed seats at the CMA awards Thursday? SY 440p

EffectzHD

Why tf is this company public? If the execs wanted the bag they should’ve sold to match.com. Albeit now just reading what I’m typing I know for a fact the FTC might block it. The CMA would block it with certainty.

Shiz_in_my_pants

[The FDIC insured rates in the CMA at fidelity](https://www.fidelity.com/spend-save/fidelity-cash-management-account/overview) are only 2.7%-ish right now. Spaxx and similar money market funds are the ones paying 5%-ish, those aren't FDIC insured though.

Zeitgeistey15

I have a CMA account which has holdings in it picked by an advisor

greytoc

Merrill CMA accounts are a type of account that supports bank-like functions like checking, ATM, and credit card services. As far as I know - it's self-directed. What are these fees that you are talking about?

Zeitgeistey15

My taxable is a CMA account—is that what you meant?

SakuraNAWest

Zestimates are inaccurate af. It said my house was 800k for the longest time, but the house sold for 1.4m based on comparable market. This is why CMA's are done prior to putting in an offer, rather than going based off asking price.

EPLFantasyGuru

So...I've been absolutely killing it playing IWM, KRE, DFS, COF, and specific banks and regional banks. As such I've been extremely dug in. The higher for longer game is going to absolutely destroy small caps and credit card issuers are having to set aside billions to cover for delinquencies and defaults. I was short CMA over night and they and RF both painted grim Q4 pictures with regards to interest collection. So...I'm extremely short this entire sector. What's your bull case? (genuinely curious)

iXProject

iRBT, bought after CMA passed. I’ll barely break even if it goes through. Counting as a loss because it’s held up money for 5 months to do nothing at best.

tyrusthomas11

ATVI was an easy arbitrage play. Just had to ignore all that CMA nonsense. There was no way Britain was going to stop it from happening. My only regret was not buying more. Started in the $70s, didn’t buy in the $80s, and bought more in the $90s. Only other arbitrage play I like right now is SGEN getting acquired by PFE. Bought at $192 a couple weeks before it climbed up to current levels. Any arbitrage plays you guys like out there? I don’t know enough about the airline business for Spirit Airlines - Jet Blue and the fact that the buy price for IRBT was lowered by AMZN due to debt sounds concerning.

Violentcloud13

Microsoft's acquisition almost certainly closing tomorrow. The CMA approved the deal.

1e7643-8rh34

The stock is at 94.34. Market thinks close is happening this week. Reported Microsoft aiming to close Friday. FTC doesn't matter. Just waiting on CMA final approval.

Commander_Rock

Well it's expected that the CMA gives the final clearance next week and the deal closes then, latest by the 18th. So that would be roughly 1% per week. Not bad. Keep in mind though that the CMA could theoretically still vote against the deal but the chances are pretty low for that

BigMcLargeHuge-

No no, CMA was more future looking vs CA but now it’s all CPA. They really don’t do shit for future looking but in terms of tax planning now that doesn’t get you audited, I wouldn’t trust just a wealth manager to make those recommendations without verifying with an accountant.

CodaDev

It’s driven by supply and demand. But there’s a lot more that contributes to it. To list a few: * Company performance * Industry performance (and health) * Current economic atmosphere * Consumer expectations or market sentiment There are also a few different methods used to analyze and determine a share price. Ex: CMA, review of available share price history to identify trends and predict an outcome, and looking at available data to determine the underlying value and splitting that into value into shares. Hope this helps.

MigratingSwallow

I was actually thinking $CMA was making a comeback after hitting $50 in July but it's gone ahead and continued back down. I'm waiting for it to hit $35~ to buy in. Not sure if I have the balls to buy options but maybe balls deep in shares.

BitesTheDust55

can the CMA approve the Activision acquisition already fucking sick of waiting for my money

Puzzleheaded-Net9403

Dude Microsoft is buying Activision for for $95 and it’s probably going to $100-$105 buy that for CMA decision in 30 days. THATS LONG ENOUGH.

OrangeZune

No way largest mobile gaming store buying largest mobile gaming engine gets through the UK CMA right now. If they block Microsoft/Activision, they'll block that.

Thetrader2896

Schwab is so ugly, I moved to fidelity. I like it, I have everything there now. Even banking with them through CMA, get paid and then instant transfer to investment account

Comprehensive_Law475

Try Fidelity one stop shop (basically use brokerage as high yield checking as it provide checking number and automatic put your fund in money market fund) optionally with a CMA if you need/want free ATM withdrawal

cb2239

I just use fidelity as my bank. You can use their brokerage account just like a bank, the core position is spaxx. Which pays interest monthly at APY of 4.75% or so. You could do a CMA account if you wanted to keep separate accounts. You can do checks and bill pay through both.

A20Havoc

I use cash management accounts (CMA) at Fidelity for checking. They don't accept cash deposits but their customer service is top notch and the CMAs currently pay 2.6% interest. Never had any issue with them, they're far superior to Vanguard, Schwab, Chase and BofA in my experience.

ZettyGreen

I just use my Brokerage's CMA account and make them handle all my banking needs. It works for me. Fideilty & Schwab both offer these products as does ME/BOA & M1 Finance. If you move 100k of assets to ME, you can get up to 5.25% cash back on CC spend.

JohnnyBoyJr

Thanks for all the insight into it - I'm pretty surprised this post got such few up votes. But, Reddit. I've been in since the 70's and have booked some gains, but have bought back in and been increasing my position. I had been watching as it euphorically blipped to $94+ in early market trading one day, but was unable to get signed in and sell out, unfortunately. Obviously the downside risk increases and the upside potential decreases as the price rises. It's my 1st arbitrage play, and I'm learning a lot. I also bought the dividend with the intent of continuing to hold, and have not expected it to slowly trend down to ~ $90. It's pretty tempting, considering the upside potential is currently 4.75% for only holding it 2 months. It'll be interesting to hear what the CMA has to say within the next week and a half!

hayden2510

I’d look at CMA before WAL or KEY

den290878onyx

The strategic placement of your emergency fund within a CMA, complemented by SPAXX, demonstrates a prudent approach to financial planning.

Neuromancer2112

I have my emergency fund in my CMA (so I have a debit card.) I have to buy SPAXX in that account because core position is FDIC insured bank sweep, and can’t be changed. Since emergencies are hopefully rare, I’m ok with buying into the fund in that account. I already have equities in my brokerage account and didn’t want to commingle my emergency fund in there. CMA is 100% emergency.

iXProject

Haven’t had a bust yet but IRBT isn’t looking too good since I bought right after CMA approval

Zeddicus11

It think it would take less than an hour to open up a new account somewhere, e.g. a HYSA at Discover or Ally where you'd get around 4.3%, or a CMA or brokerage account at Fidelity where a simple money market fund like SPRXX would yield closer to 5%. All of those funds would be nearly instantly accessible or transferable to other banks if needed. That's $650-750 annually you're leaving on the table right now. Not bad for an hour's work. The additional liquidity of a checking account is negligible.

sharkkite66

I only have a few grand in there and still get the best customer support I have experienced. Just go to /r/fidelityinvestments and see how they reply to everything and respond to modmail. If you have over $200k and have it managed it becomes a different status of account and you can withdraw from brokerage without ATM fees. Otherwise just get a CMA and you can withdraw with no ATM fees. But yeah, great customer support, great interest rate, happy to have switched to Fidelity as my "bank" for the most part.

MyDogLovedMeMore

I moved away from the bank you’re probably talking about a few years ago. I opened a checking and savings account with my local credit union who provides excellent customer service - their savings rate is only 1.5% but much better than old school bank. I recently opened up a Fidelity brokerage account and moved the majority of my cash, multiple Roth’s and old 401k over. I’m going to keep the local credit union because I like supporting our local business and it is available if I need a cashiers check, to deposit cash or I need something notarized. I have my Fidelity account linked to my credit union so I can transfer funds back and forth. I keep a small amount at the credit union. I’m considering opening a Cash Management Account (CMA) at Fidelity which would allow me to write checks, use bill pay, and use any ATM with fees reimbursed by Fidelity. You can use your brokerage account the same way but they will not reimburse fees unless you’re a member of one of their higher level service groups.

CertifiedBlackGuy

While you cannot change your core position outside of a select few options, you should be able to purchase FDLXX manually. My core position in my CMA is an FDIC insured sweep, but I purchase SPAXX whenever my paycheck hits for the higher interest rate. Also r/fidelityinvestments will answer your fidelity related questions ;)

Grktas

Or a CMA at Fidelity and buy SPRXX or SPAXX.

toomuchtodotoday

For the CMA, https://www.reddit.com/r/fidelityinvestments/comments/12700te/spaxx_vs_fdlxx_as_my_core_position/

Cruian

Why not invest the CMA into something like FDLXX? Fidelity will auto-sell MMFs for you to cover purchases/ATM withdrawals.

CinemaMakerSD

So what if we’ve been in a recession since mid 2022? Recession does not mean stock market crash, credit has tightened significantly and rates should start falling Q1 2024. So what breaks between now and then that really sends down the market? Inflation picking up, bank failures, CMA collapse all of those risks are priced in and the market is clearly paying a bit of a premium and the moment for slightly worse earnings in expectation of 2024 being back to normal. Will we correct a bit to 410-210? Sure that’d be healthy but we will see ATHs on SPY next year and there would need to be a big catalyst to spook the market.

OwnResult4021

Anything is possible, so not 100%, but the FTC is backing off, and the CMA wants to negotiate. Pretty much looking really good if you have a couple months patience. Activision also is able to pay a dividend before it closes.

EnginrA

CMA was up 6% premarket, big oof

asifp82

CMA to 60

asifp82

CMA to 60

Sharp-Direction-6894

Yep. Joint brokerage, IRA, wife IRA, wife company plan, CMA account for spending, CMA for emergency funds, SEP IRA. Let's see your portfolio value, smartass...

ZettyGreen

A Roth IRA is an after-tax retirement account, letting you save up to $6,500(in 2023, it changes over time) towards your eventual retirement. It's a great way to get started. You should also check with your employer about opening a retirement account with them(typically called a 401k or 403b). There are 3 good/well respected vendors: [Fidelity](https://www.fidelity.com/retirement-ira/roth-ira) [Schwab](https://www.schwab.com/ira/roth-ira) and [Vanguard](https://investor.vanguard.com/accounts-plans/iras/roth-ira) for Roth IRA's. I linked to their Roth IRA page. Vanguard doesn't offer a CMA account, but you can get a normal taxable brokerage account and hold money in it. The CMA account comes with a debit card, so you can use the account essentially as your bank if you are so inclined. I've put them in Alphabetical order, you can choose whichever you want. I personally went with Fidelity, because I liked the green color and it's ran by a Female CEO.

ZettyGreen

Do you have a Roth IRA setup somewhere? If so, you can probably create a CMA(Cash Management Account) at the same place, and use that for cash holdings and it will probably pay a lot more.

WineandStonks

CMA calls. Regional banks doing good.

quarkral

except companies with low investment on average return more value for your portfolio than companies with high investment. That's what the CMA factor says

Zwatrem

The risk is all based on the chance Activision won't extend the agreement and the CMA changing its final order. Lina Khan fought a stupid battle and lost, but we already knew from the start her case was void of logic and was destined to fail.

jusjones314

If the CMA approves MSFT new proposal due to agreement with SONY the deal is DONE and MSFT sees ATH for ER?

StolenShoelace

I hope they just close it and deal with the CMA later.

StolenShoelace

ATVI court case in UK not looking too promising. I doubt the CMA allows the deal by tonight.

JohnnyBoyJr

Looks like things are playing out as you had predicted. What do you expect to happen by the 7/18 deadline - MSFT completing the deal, or an extension negotiated due to the CMA's 8/29 deadline?

Wickedwally1

They could close on Monday, but they would have to pull all Activision products from the UK market until they got CMA approval. They considered doing this before, which is why the FTC jumped in trying to get a permanent injunction. During the fight with the FTC, they haven't been idle. They've been in talks with the CMA the whole time. Unless they get an agreement ironed out with the CMA by tomorrow, I suspect that Microsoft and Activision will quietly agree to extend the deadline by a month or two, and this will close by September.

danny_

Not exactly. The submission to be removed from Nasdaq could be revoked in short notice if the deal was not to go through. Given the current information available, Microsoft *will* likely close before the 18th without official CMA approval. But not because they “don’t need” the UK. They will close because they know their remedy proposals have a high likelyhood in CMA approval, which will be reviewed over the coming weeks. If CMA approval was uncertain it’s hard to tell what Microsoft would have done with the deal expiring July 18th.

Nuclear420v

I had 6k settled into a new CMA account for only buying SPY. Lol. I went crazy spending it on stocks other than SPY and turned it into $37k. It has settled down to $31k as of last Friday. Ups, downs, several k's withdrawn to upgrade my house. Beginners luck after 6yrs of watching and accidentally timing.

n2minh

Didn't CMA announce that they would need until end of August to review the revised proposal by MSFT? https://www.cnbc.com/2023/07/14/uk-regulator-extends-deadline-for-microsoft-activision-probe-by-six-weeks.html

NotMe357

Kind of because they still need to deal with CMA from UK. They either can choose to close the deal Monday/Tuesday (Deadline is Tuesday next week) and have trouble with future buyout in the UK or they can try make a deal with the CMA (UK) but then they need to extend the deal to be able to have enough time to deal with the CMA. If they do the extend then Microsoft probably need to pay more money to ATVI. By do the extend they may also give FTC and CMA more time to keep this deal block. Hopefully Microsoft just close the deal to get this over with lol

simple_money

Great now Microsoft can close the deal. They can deal with the CMA over the next 6 weeks. For anyone that is invested in ATVI, what will you be buying afterwards?

Neuromancer2112

Exactly. The core position of the CMA is FDIC-insured bank deposit sweep, but you can buy as much SPAXX as you want. Since it's an emergency fund for me, and I don't intend to use the money anytime soon, it's no big deal to buy into it. If you were constantly going through the money like a checking account, you could leave the money in a taxable brokerage account, and that auto-invests into SPAXX as the core position.

Crowleyer

Holding strong since the first drop to $75 and I bought more after CMA block. It was a tough decision to hold, but probably will pay off nicely. Anyway, I will celebrate when I get my money back, its not the time yet.

tanrgith

Did people actually think the FTC had a chance here lol? I thought the CMA issue was the only real one