PCOXX
Money Market Obligations Trust - Federated Prime Cash Obligations Fund
Mentions (24Hr)
0.00% Today
Reddit Posts
Mentions
Money Market Obligations Trust - Federated Prime Cash Obligations Fund (PCOXX)
Tell him you’d like your dividends to invest in a money market mutual fund. PCOXX is currently the highest paying that you will have access to through EJ. It’s currently paying about 4.25% or so. EJ has done away with their proprietary money market except for grandfathered accounts. If your FA says that this isn’t possible, tell him that you’d like a recommendation for another local advisor because it is absolutely possible.
I did the same thing recently, and now I’m convinced the stock market might be too overpriced, so I’m aiming to invest in slightly less volatile investments - USFR, PCOXX, REZ, JEPI
FRSXX. Buy at Wells for $50. SGOV. BOXX if high tax brackets. Synthetic 1-3 Month Treasury. Capital gains instead of Dividends. If you can handle a tiny bit of risk, JPST 6.35% ultra-short bond for low tax brackets. I have JPST and BOXX. Tiny bit of FRSXX, WMPXX, PCOXX, TMCXX, FZDXX, FDLXX, SPRXX, and SPAXX.
What about a money market, presuming you have a bit of cash to put in? You can get higher rates in a money market than a HYSA currently. I'm in PCOXX. I recognize the same issue exists with money markets as HYSA of course, but they are more flexible and give you a slightly higher return. If you're sure you want to buy a house I'd be wary of putting it into an index since that could slip. Fingers crossed for you for a market correction...I just can't get over how expensive housing has become.
Task for PCOXX it is a federated Hermes fund yielding 5.4% currently with very low risk. Fund has been at Lund since 1993 and has never broken the dollar. Have them put it in their brokerage account as it will have no fees, no load and no commission.
I don’t support EJ, but ask about PCOXX if you stay; make sure there isn’t a fee to purchase. I would spend less than 10 minutes to open a Fidelity account online for free and use it as a savings account if you don’t want to move everything else.
"MM Funds could maybe be taxed at a lower rate if held long enouht to be considered long term capital gains." This is false. MMFs are taxed as income which is the same as short term capital gains, which is the same as a savings account interest. "T-bills at present offer a slightly higher interest rate." This is also false (today). MMFs list the 7-day yield. Treasuries list annual yields. To accurately compare yields, take the 7-day yield and annualize it (use an APR to APY calculator). For example, the PCOXX MMF has a 7-day of 5.38% or 5.53% annualized. That is higher than some treasuries.
I'm a CPA & CFP, happy to discuss in pm. Short term, throw into a money market MF like PCOXX if you have access to it. Near risk-free 5.40% yield. Fidelity also has a great one. Then, get advice on how it plays into the big picture. Is it all retirement money? Is some intermediate term money? Those answers will affect how you should invest the proceeds and gauge your risk allocation. Money market fund is great for the short term while you make decisions. It's not great for the long term. The stock market is your friend over the long term.
When you look at the yield it is after any of expenses, so with money markets you can ignore expenses. I use PCOXX.
Yield includes expenses so no need to double count it. Best rates are out of reach for retail, but I found PCOXX on https://moneymarket.fun/ is available from my brokerage. Currently yielding 4.86%, after expenses
Not sure what you mean. Money market funds are not insured at any bank. As for PCOXX, this is directly from the white paper on that fund: > An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
Yeah for a venture capitalist focused bank. Federated Hermes PCOXX is a retail Money market mutual fund built around CDs and treasury notes.
PCOXX is a good money market fund paying 3% interest that won’t tie your money up for any length of time. Completely liquid and won’t cost you anything
3 mo 6 mo 9 mo all over 3.5% ladder with 10% in 1year and leave 3 month cash in PCOXX yielding over 2.4% for liquidity. More yield less work