SPAXX

charleswj

You really don't need to pay for any advice. Max retirement accounts. Get an appropriate emergency fund going if you don't already. Always max Roth IRA...if it means moving the emergency fund into it, just invest in SPAXX, which is essentially an HYSA. Invest anything else in a brokerage account. Anything that's not in SPAXX for EF put in the S&P500

JahMusicMan

Leftover money from my paycheck is going into short term tbills (Am I the only one still buying tbills?) and SPAXX for my emergency fund and my wedding fund lol. In my brokerage account I'm not adding to it and selling some tax lots that are losers and rebalancing it to international funds like VGK or VXUS or moving it to tbills. I'm really considering selling most of my brokerage account and sitting on the gains since the ultimate goal was to buy a condo. As for my 401k and Roth, I haven't changed the contributions but I am putting more towards international stocks and maybe more alternatives. SPECULATION: Shit is going get so violable with this clown in office that I think that many people will be foreclosed or short sell or sell off their house and many buyers who were in the market, might hesitate bring housing prices down. I also think there will be less competition from foreign buyers looking to buy property in the US. Cause you know, we don't like foreigners apparently and probably same with foreign investors. So might be so crazy and depressing that it might be a good time if you are a buyer.

Red_Bullion

They are essentially the same thing. SPAXX probably pays slightly higher interest than a HYSA once promotional offers expire. A HYSA is FDIC insured. However SPAXX buys US government debt. So it can only fail if the US government defaults, in which case they're not in a great position to pay out FDIC insurance anyway. You can instead get FDLXX which is state tax free. This is better if you live in California or New York, but otherwise SPAXX is fine.

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.

bobdevnul

It's all about the expense ratios the funds charge. VMFXX is 0.11%, SPAXX is 0.42%. Fidelity's ER really eats into the their MMFs yield.

Sunny1-5

Sorry, that’s what I meant. Been drawing about 4% since September, but it had been 5% in my cash account from late 2022-2023. I’ve enjoyed that. Somewhere around $400 bucks a month, mostly taxable, as I stayed equities-invested in the IRA during that time. But the cash account stayed in SPAXX. Still there, but the yield is lower now.

StrategicPotato

No, and therein lies the issue because it seems like *nowhere* is safe, including the traditional safe haven of US bonds. Ironically, this may actually be a saving grace for the market because no one really has anything to flee too. Personally, I diversified a large part of my savings into foreign currency ETFs (and was already holding a small percentage of BTC and GLD anyway). Diversity is always good, but who knows how that will play out or if it's optimal. I pulled a bit out of VOO but not VXUS to leave in SPAXX for now, but obviously I didn't panic sell everything. Honestly, the best course of action is probably just DCA small amounts and keep it business as usual. It sucks and I don't like the blind contributions but what else can we really do? Again, I think the only *safe* bet is a high diversity of assets overall - meaning the things I had mentioned in addition to things like bonds, your mortgage/real estate, physical possessions/assets, etc. It's not sexy, it won't make you rich, and you won't have a ton of liquidity laying around to risk it on opportunities - but it's peace of mind that'll likely help you weather the worst of it.

dark_lord_neil

I’ll be able to buy a Wendy’s $5 biggie bag with my SPAXX dividends tomorrow :)

itemluminouswadison

SPAXX

strongbase703

Comparing recent SEC yields: * VUSXX 4.23% default Vanguard Money Market Fund * SPAXX 3.96% default Fidelity Money Market Fund * SGOV 4.17% iShares 0-3 Month Treasury Bond ETF * PULS 4.59% PGIM Ultra Short Bond ETF ETF providers list the latest yields. Fidelity only updates them monthly but does provide daily NAV charts--note differences in early April for impacts of market uncertainty. https://digital.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=SGOV https://digital.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=PULS

noncommonGoodsense

Likely yes I still have a small amount in a SPAXX though. Regular growth shit isn’t an issue.

SgtAlvinCYork

If you can't tolerate seeing a $200 loss and you plan to check in every week, then you should leave it in SPAXX until your willing to leave it alone and let it ride for a few years. It's volatile now so you can gain or lose money fast. But yeah, VT would be sensible.

rpv123

Other than cash, what’s the safest thing to put $2500 into right now? Doesn’t need to moon, I just want to hold whatever it is until retirement. Had to rollover an old 401k and got kicked out of my positions (which was, honestly, an underperforming target fund) based on some fuckery throughout the process. Would it be dumb to put it all into VT? I’m human so of course I don’t want to put $2500 in only to realize I’ve lost $200 at the end of the week. Berk B? Leave it in Fidelity’s SPAXX for a bit?

1kpointsoflight

Chase can’t buy shares of SPAXX? Where do they put your dividends? CIT is a good HYSA but I have lately just been using my Fidelity government money market account SPAXX to keep cash I don’t want in the market but want 4% interest

AICHEngineer

Correct. If you go to the performance tab on these ETFs, theyll show you "growth of 10k" historically and these ETFs just look like a flat diagonal line. Their yield is tied to whatever the current SOFR rate is (federal funds short term lending). It will be that minus the expense ratio. CLIPs expense ratio is 7 bps. SGOVs is 9 bps. It is important to turn on DRIP with these, otherwise the dividends will sit as cash. That wouldnt be terrible, often your core cash position in a brokerage is set to some money market sweep fund, so youd still get yield. For example, SPAXX is the default fidelity cash sweep MM fund, its 30-day SEC yield is 3.98% cagr currently. But, if you were in CLIP, your 30-day SEC yield is 4.18% and the yield is state tax exempt unlike SPAXX. If you had a state income tax of 5% like illinois has, your net of state tax yield on SPAXX drops to 3.78%.

SlfImpr

Fidelity is great for brokerage account. With Fidelity brokerage account, you can even keep your uninvested cash and earn high interest by selecting one of these core positions with the **current** yields shown below: * [Fidelity Treasury Fund (FZFXX)](https://fundresearch.fidelity.com/mutual-funds/summary/316341304): 3.96% * [Fidelity Government Money Market Fund (SPAXX)](https://fundresearch.fidelity.com/mutual-funds/summary/31617H102): 3.96% * Taxable Interest Bearing Cash Option (FCASH): 2.19% I keep my cash in FZFXX. It is like getting Certificate of Deposit (CD) rates but you can get your money out any time or trade with your cash any time. I use Fidelity website much more than their mobile app. If you use Fidelity, I'd suggest that you also enable their ["Money transfer lockdown"](https://www.fidelity.com/security/overview) setting for additional protection. You can disable and reenable it any time you need to make an outgoing transfer.

Sisu_pdx

Exactly! I have a call protected CD ladder and several of them are paying over 5.0%. My SPAXX money market fund pays only 3.96%.

Beta_Nerdy

SPAXX is paying 3.98%. The popular Vanguard Funds are paying about 4.23% [Money market funds for short-term investing goals | Vanguard](https://investor.vanguard.com/investment-products/money-markets)

zNatural

Day trade my entire account everyday and still get SPAXX full payout EOM 

Drop_Disculpa

Seriously Pepe, I gonna kick back in SPAXX, UDN and rip six packs and burritos with my monopoly money on my burner phone.

bigmean3434

Yeah, SPAXX is crushing the market the last 360 days homie

ChairmanMeow1986

Love how, 'SPAXX as my so-called “core position.” is not evaluated. Cash position is probably most important one when evaluating risk management.

spekt50

SPAXX is a money market account, you can basically treat it as a savings account with better rates. Any funds deposited into your fidelity investment account goes directly into SPAXX.

ECHuSTLe

Bruh stop watching main stream media and get a career. Do yourself a favor and buy the dip every couple years. 2018, 2020, 2022, 2025 all had 20%+ crashes. My strategy literally consists of stacking cash in SPAXX and buying the crash when it happens every couple years. I’m up well over 200% since Covid.

ty88

USFR. I switched from SNOXX (Schwab version of SPAXX) to that for similar reasons. Been happy so far. If seeing green instead of red in your portfolio is important to you, buy towards the beginning of the month.

raunchy-stonk

See if you can get FZDXX instead of SPAXX/SPRXX as the expense ratio is lower 0.36% and yield is slightly higher. Same liquidity, trades settle immediately using all three options.

StaleCookies

Aren't most funds settled next day anyways? So you would buy XYZ and sell SPAXX at the same time, and since they both settle next day there's no margin borrowing involved 

BrainSqueezins

I am with Fidelity, and have SPAXX as my so-called “core position.” I do not know how it actually works behind the scenes but I am able to purchase using those finds immediately. Perhaps it is Fidelity giving a small float… not sire but I’d say ask your broker.

tbrownsc07

Yeah if you need money for a house just throw it in SPAXX or something and forget it

DeeDee_Z

> I also currently have around $100K cash sitting in SPAXX Look in to SP**R**XX as well, and its brother FZDXX since you obviously have the minimum purchase amount.

Ferris61186

Look into an Fidelity's Treasury Only Money Market Fund (FDLXX), 7-day yield of 3.91% which is lower than SPAXX but you won't have to pay Wisconsin State tax on the income. The other good (probably better) option is iShares 0-3 mo Treasury ETF (SGOV), current yield of 4.18%, also exempt from state taxes. It's an ETF not a money market fund like all the others that I listed.

Ferris61186

What state and tax bracket are you in? Vanguard has the best money market funds in my opinion. VUSXX currently has a 7-day yield 4.23% (SPAXX has a 7-day yield of 3.98%) and is exempt from state taxes. I am in NY and use VYFXX which is a NY Muni Money Market Fund. Right now it has a 7-day yield of 4.09% and is totally tax exempt (Federal, State, NYC and NIIT)

golftroll

We’ll stop that first off. I’m also curious. I’m currently buying mid time horizon puts and moving into money markets like SPAXX. I learned this week thay buying gold is way harder than I thought.

AXLinCali

Up. Cashed in February, sold all equities and index funds, moved to Fidelity SPAXX. Earning a safe 3.97%. Will stay out until (IF) things stablize.

fredsonsam

I inherited and have 315h sitting in Fidelity SPAXX for the last year. I am ready emotionally now for the first time ready to deploy it. I won’t need the money for 10 years. How/where shall I deploy it.

MattieShoes

There's usually multiple MM funds getting yields from different places. Federal bonds, municipal bonds, commercial paper, other private sources, etc. Prime funds may hit multiple sources at once. Fidelity was mentioned -- SPAXX is federal, FTEXX is municipal, and SPRXX is prime. Generally prime money funds have better yields than federal money funds, but like... SPRXX is 0.08% (annualized) better than SPAXX over the last 5 years, so it's kind of eh. Municipal money funds are usually exempt from federal income tax, but earn significantly less.

SheriffBartholomew

SPAXX at Fidelity. Or a high interest savings account. My credit Union gives me 4.5% on my checking and savings accounts.

SirNutellaLord

I’m doing this currently with a Fidelity Cash management account and SPAXX. Currently getting 3.98%

Reasonable_Base9537

Money market with whichever broker you have. VUSXX, SPAXX, or many other options.

marxr87

thanks for the response. totally forgot about money market since ive be reinvesting dividends automatically for so long now. that's generally SPAXX at fidelity, right? Def should do that. Most of our money is either used for living expense so can't be invested (rent proceeds, etc) or in retirement accounts that we use from time to time but wouldnt make sense probably to take out and invest in a european broker. we have some in roth and are doing conversions, but most is in traditional.

Responsible-Age-1495

SPAXX is 3.90%. make a cash position there. Then build out from there. People always say, "but 4% doesn't keep up with inflation." Just stop buying shit. Cancel subscriptions, cancel maintenance on software, cancel Amazon, cancel dinner reservations, cancel your car note if you can. You've already done the heavy lifting for ten years, hide some of it in a core cash position, it will grow slower, but it will grow.

ohyeahwell

What will happen to SPAXX?

Known-Web8456

This is correct. My default for fidelity is SPAXX. Pays dividends and is used like cash to invest from there.

lexbuck

Same. I’ve been depositing cash and letting it sit in my SPAXX account for a while and gaining that interest. I missed this run up the last year and a half but now kinda glad I’ve got it. If the market makes a big move downward I’ll DCA at some point on the way down. But I can’t bring myself to cash out because of the potential for timing everything wrong and missing.

Technical_Fly3337

You’re very smart and I’ve never invested using anything other than the USD I liquidated when the market started to drop and am currently holding it all in SPAXX, a money market. How could I go ahead and move that SPAXX money into an investment where I’m invested in Euros?

DryGeneral990

Put the money into SPAXX instead.

FragrantTadpole69

If you're transferring cash and don't have it allocated to a money market (just choose SPAXX), that might be what it's asking for. With an IRA in fidelity you can 100% park your cash in a money market and never invest a cent.

Alive_Relationship93

I would not generalize, I just started retirement a year ago and about 90% in stocks, but I have a much longer horizon due to a younger wife and at least 3 years in cash (SPAXX pays 4%). If I need the wife to feel better, I zoom out 5,10,30 years on our portfolio. :-)

HND171

Think SPAXX pays a touch more

osiris970

Is there better cash fund than SPAXX maybe FDLXX? . Wanna keep account in best one

_AnonymouslyCurious

Until there is more clarity, for the next few months parking cash in an FDIC insured account is probably the safest option. Not SPAXX, FZFXX, etc. Yes, the chances of losing money in SPAXX/FZFXX is a very low probability. But, nobody can come close to modeling the outcomes of current global events on the financial system until there is more clarity. (hopefully just a couple months) Fidelity's Explicit Statements: Fidelity clearly states for both SPAXX and FZFXX that: * "An investment in the fund is not a bank account." * "It is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency." It's free and very easy to open/enroll in an FDIC-Insured Deposit Sweep account on Fidelity (I just opened one today with a few clicks). Parking my cash there (any FDIC insured account is ok). I can easily move money to my Fidelity brokerage account in real-time to make trades if I want. Until then my money will sit in an FDIC insured account. Sure, I'll lose a little money on interest for the next few months, but having peace of mind that my money will be FDIC insured is worth it IMO. No telling how other countries respond and the resulting strain it may place on financial markets. If something major starts to go wrong in the markets, the general population will learn when it's too late. Low probability of a black swan event happening, still better safe than sorry.

WillNeighbor

to add to this, my checking account is now in fidelity as a cash management account, so all my money is directly converted to SPAXX. you can spend SPAXX with their debit card lol (not technically; there’s some stuff going on behind the scenes but) yeah, paycheck gets deposited and converted to SPAXX, then when i spend money spaxx gets converted to cash. making 4% (or whatever the 7 day yield has been) on the checking account has been pretty dope

MashMeister

FDLXX is 97% state tax free with similar returns to SPAXX

MiniTab

Any idea how long it takes to cash out of SPAXX?

Spicy__Urine

Have a bit of money in SPAXX (Fidelity market fund making ~4%. Honestly, I'm just fine with it parked here until the end of this kerfuffle. Expect it to run down further in all honesty, though.

Muted_Wall_9685

If you have a large amount of SPAXX you might consider moving it to one of Fidelity's premium money market funds (for example FZDXX) for a slightly better rate. I think you are smart to keep a high % in money market right now at this moment. Good job in my opinion.

HumidMind

I sold a bunch of profitable long time green in the IRA tax free today when that freak surge happened. American techs and GEO? OUT with a green parachute, thanks. Unnatural times call for unnatural ways: Nothing but blue chip, my pets and low fee ETFs in the taxable and cashing up as I mine more fiat. If we figure out a way to read their moves great. For now feel better in SPAXX

DeeDee_Z

> SPAXX? SGOV? SP**R**XX ... and FZDXX if you have the minimum. > SGOV? And/or USFR.

Bulky_Consideration

What is everyone doing with cash right now. SPAXX? SGOV? Are those safe with all the wonkiness with the dollar and bonds?

mobiusu

can't buy SPAXX on my charles schwab, seems i have to make a fidelity account?

Plastic_Ad_1106

Not sure if non-residents are allowed but SPAXX can be safe too

Plastic_Ad_1106

SPAXX, SGOV, CDs and HYSAs are safest with modest but most likely certain yield

StatisticalMan

Generally speaking trying to time the market does not work out for most investors. By the time you "see stability" the market will have reacted and prices will be much higher than they currently are. That being said there isn't much that is safer than SPAXX. There is gold but understand gold is volatile. It has no counterparty risk. It can't fail. An ounce of gold will always be an ounce of gold BUT it could be priced lower tomorrow or next week or next month.

WuPaulTangClan

If I have cash sitting in SPAXX for example, what are those yields most closely tied to? Is there any indicator I can look at to get an idea of where yields are heading?

burnt_out_dev

what is better yield to you? SPAXX has a decent return as a money market.

DocAk88

CDs money market SPAXX type things then once this horrid uncertainty blows over or a new leadership can buy the dip with indexes. Wait several years before trying stocks and options or bonds but learn and lurk here

petermal67

Dude no offence, take that money out of TQQQ etc. Stick it in SPAXX or something that is similarly low risk for the short term and forget about it. You’ll get a 4% yearly return or thereabouts and do something else. Emotions must be high. TQQQ isn’t it brother. You don’t need to risk it all again. Come on.

chucka_nc

Friggin grandma sold one day after ATH. Think she’s mainly in SPAXX.

AdministrativeBank86

Accumulating dividends in SPAXX until the project 2025 idiots are removed from office

Lucky-Dragonfruit774

I keep extra money in my IRA account using SPAXX because I don't much care for bonds. When the market drops I use that money to buy when prices are down. When the market goes back up I sell the higher cost shares to lower my average cost and reload the SPAXX.

lexbuck

Is there some advantage to this compared to leaving it in something like the default Fidelity money market fund SPAXX? It’s returning like 4.5% or something I think currently.

StrategicPotato

I'm heavily considering this as well, especially because my cost average is pretty high for VOO. Lock in like 2-3k losses for now while I still can and have that cash available in SPAXX until there's a better buying opportunity (and I don't even mean lower, I just mean more stable). I don't see this lasting long but who knows. I won't exit fully either way. People say don't time the market but, when you see a train coming... you're gonna get out of the way right?

Wildkid133

I pulled most of my volatile/aggressive positions prior to the tariff announcement. Moved most into VOO and SGOV. Left some in my Fidelity buying power (SPAXX) just to attempt to buy a dip or two. I was sooooo close to pushing $2K into RGTI yesterday and talked myself out of it 😆

wavrdn

Is there a benefit to having TLT vs money in a money market account (like SPAXX at Fidelity)? Genuinely curious

Fit-Calligrapher4469

How will this affect the 100k I have sitting in fidelity SPAXX as my emergency fund?

ILoveKombucha

Thanks! Do manage your expectations; it's ENTIRELY possible to be down on your investments in 2 years. I remember I was actually down at about 1-2 years in. It's kind of out of your hands. The real magic happens over long time spans. When you put your money into stocks, be thinking 10-20 years down the line. Any money you NEED to be there in less than 10 years should not be put in stocks. Take a look at S&P500. It's had flat decades. Just know that this can happen. Don't be horribly disappointed if your money does indeed shrink a bit in 2 years. That's a very real possibility. You're investing for long term! If you want your money in 2 years, just stick it in a money market fund (like SPAXX) and enjoy your 4% interest (pre-inflation). Again, put it this way... if you have money that you don't NEED in less than 10 years... feel free to invest that in stocks (smartly, in low cost diversified index funds). But if you do \*NEED\* that money to be there in, say, 5 years... you'd be wise to not invest it in stocks. Save the stock investing for money that you can afford to leave alone for a long time.

Gendark

What is SPAXX? I sold 75% of my positions about 5 weeks ago, and I'm sitting in cash

LordFaquaad

https://preview.redd.it/wkorwnjhinte1.jpeg?width=263&format=pjpg&auto=webp&s=8909e62f91a509c17a1ba57088248719f97ef21e Wait till fed cuts rates forcibly. Your SPAXX gonna go as well boi

ashdrewness

Yeah today I rolled all of my ITM puts for a credit out to the summer while also trimming some long positions just to ensure I wouldn’t be living on any margin in the next couple months. I’d rather be sitting on my hands collecting some dividends on my remaining long positions, selling the occasional covered call, & collecting some money via SPAXX than paying my broker for margin if I got assigned. I feel like things could get worse but then stabilize in the coming weeks, but I’ll wait for some actual meaningful sign like signed agreements & not rumors like this AM.

TabulaRasaNot

Literal savings accounts or SPAXX kinda stuff?

raunchy-stonk

That moment when I had a bunch of money in SPRXX instead of SPAXX so I’m in retard timeout until EOD, but I kinda want to be in retard timeout rn.

invasifspecies

Stay in cash for now. Fidelity for example pays pretty good interest on its SPAXX accounts.

Skurttish

SPAXX was made for people like you and me

Warthog_Orgy_Fart

I only moved ~ 45% to SPAXX. Fuck. Me.

lets_try_civility

So, after I missed the chance to benefit in March 2020 because I didn't have a lump sum handy. I changed my tactics. I now invest in my taxable account in two stages. Stage 1 is a lump sum into SPAXX followed with incremental investments. Stage 2 is a DCA into FZROX/FXAIX. I invest regularly, and when the market is on sale, I invest more. Its taken years to build up the funds, but they are here now. These are the moments I wait for.

drumttocs8

I honestly don’t know how everybody didn’t get out the first time they saw the phrase “Governor Trudeau” I’ve been very happy I moved everything to SPAXX

BRZA

Did the same thing, and told I was panicking. Still went ahead and took profits back in February and moved the cash to SPAXX while waiting for what I felt was this inevitable self inflicted disaster.

rainmeterhub

> SPAXX Better Options than SPAXX out there if you want to hold cash: https://yieldfinder.app/

jsilva298

I'm still young (37) so i just stayed the course, still holding and dont plan on getting out, putting in a couple thousand every time the market takes a big enough dive, example this last Friday. I already went through the COVID thing, lost 30% and stayed, its all back plus much more ! the only thing i changed is i always keep some money in SPAXX so i can jump in if anything like that happened again, i regretted not having money aside to sink in during the COVID drop, so that was a lesson i learned

DarthJarJarJar

Even if congress gets involved, our trade partners are hitting us back and aren't going to stop on a dime. I'm also at about half in SPAXX, and I'm not moving it any time soon. If I miss some ups then I do, but the entire goddam bottom could fall out of this thing, last week could look like the mildest of pre-quakes IMO. And it could last a long time. The Nikkei took 30 years to get back to its 1989 price.

NOTorAND

Same. Went 100% SPAXX on Feb 3 after his "tariffs on Monday" announcement. The only other time I have done this was covid but I was a bit late so it ended up not being very profitable. I did start buying back in Thur/Friday tho.

lets_try_civility

I fund my taxable accounts in two stages. Stage 1. Money into SPAXX and hold Stage 2. Money into FZROX / FXAIX. This gives me some buffer on buying less or more, but those are my only options. Buying less or more, depending on market conditions.

AllFiredUp3000

I quit my job a couple of years ago, and need to refill my cash bucket periodically. I had already identified which stocks I wanted to sell in March, and was able to sell all the ones I wanted, above my cost basis, just as planned. I’m glad I did, because all those stocks are now way below what I sold them for. So the money will slowly trickle down from my fidelity SPAXX to my checking account, so I don’t plan to get back into those positions.

MySakeJully

SPAXX in Fidelity. i don’t even have a bank account.

-Indictment-

I think it’ll go up and down, but won’t beat 5% up by the end of the year, which is what SPAXX is giving me.

broodkiller

Hi all, recently moved to California and decided to do some tax optimization on my savings, but wanted to ask if my thinking and math are correct, since I'm relatively new at this. Here are my hypothetical scenarios for a 1Y $10k investment using Fidelity, as of today's yields: 1/ Put money in my HYSA - earn 3.7%, pay 24% fed and 9.3% state, keep **$246.79** (=370-88.8-34.41). 2/ Buy SPAXX - earn 4.65%, pay 24% fed and 9.3% state, keep **$310** (=465-111.6-43.245) 2/ Buy FDLXX - earn 4.63%, pay 24% fed and 0.93% state (thanks to 90% SALT exemption), keep **$347.58** (=463-111.12-4.3\*\*)\*\*. 3/ Buy FABXX (CA muni fund) - earn 2.59%, pay 0% fed and 0% state, keep **$259** (=259-0-0). 4/ Buy 1Y Tbills - earn 3.94%, pay 24% fed, 0% state, keep **$299.44** (=394-94.56-0) 5/ Buy 1Y CD - earn 4.1%, pay 24% fed and 9.3% state, keep **$273.47** (=410-98.4-38.13) Is moving my money to **FDLXX** simply the best option, as the math suggests? Am I missing something, or another viable alternative?

kcrab91

Where are you getting 5%? That’s fantastic. SPAXX is paying 3.98%

ElderMillenialMagic

I rotated into SPAXX in March

newberries_inthesnow

Fidelity accounts (like my HSA, IRA, inherited IRA) hold your money in SPAXX money market until you make other investment decisions. If you don't auto-reinvest in your holdings, you can let dividends sit there and they will still earn a bit. Last time I looked about a week ago, the rate of return for SPAXX was still over 4%, which is less than the 5% of maybe six months ago, but currently, and sadly, this return is better than the year-to-date performance of the stocks and funds I was holding. I sold everything I had between 2/14 and 2/26, and I am staying put for now. I had stuff like SPY, VOO, IWR, EEM (some that I inherited), and I see I cut my losses pretty well, because the stuff I sold seems to have on average a year-to-date earnings range of negative 1% up to maybe 3% at the most. It looks like it is going to get worse.

thesedays2014

Not a damn thing until there's at least some level of rationality coming from someone, anyone in this administration. It's a money grab and it's working. Until then it's still 70/30 bonds/stocks, small amount of real cash, SPAXX, and my checking account. Maybe some longer term options on GOOG, APPL, NVDA if they're cheap enough. But nothing expiring within a few weeks or months. Trade war is on and the uncertainty is going to get worse before it gets better.