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SPAXX

Fidelity® Government Money Market Fund

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r/optionsSee Post

Spread Margin Differences by Trading Platform?

r/investingSee Post

UGMA as a short term savings account

r/wallstreetbetsSee Post

Safest Place For Cash (with interest)

r/investingSee Post

Investment based on time Horizon

r/investingSee Post

Where to park money for a down payment for about 1-1.5 years?

r/investingSee Post

SPAXX (MMF) vs Marcus by Goldman Sachs (HYSA) Which one should I use?

r/investingSee Post

Can Someone Help Me With My Emergency Fund / "Extra Savings"

r/investingSee Post

Can Someone Help Me With My Emergency Fund / "Extra Savings"

r/investingSee Post

Government Money Market Fund vs HYSA?

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One Year Rolling “Escrow” Investment Strategy Feedback

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What fund would you add to my portfolio to start easing out of bonds?

r/optionsSee Post

Short Box Spread for Margin+

r/investingSee Post

CD, Money Market, or Bond ETF

r/investingSee Post

Best Schwab core positions?

r/investingSee Post

When you’re DCAing into a stock and it’s up a ton, what’s your strategy?

r/investingSee Post

I have Fidelity and SPAXX, trying to help my husband who has Vanguard, Etrade and Charles Schwabb. Do either of them have a version of SPAXX?

r/wallstreetbetsSee Post

Can anyone give reasons why should i not to sell tqqq puts on margin?

r/investingSee Post

Money Market Funds vs. T-Bills for Short-term?

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Just received $110k sign on with a caveat. What are my options?

r/optionsSee Post

12 percent annual

r/optionsSee Post

CSP strategy feedback/improvements

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Thoughts on Cash secured puts + Fidelity SPAXX + JEPI

r/investingSee Post

Fidelity Removes All Money Market Sweeps Except FCASH from Non-retirement Accounts

r/RobinHoodSee Post

Alternative to SPAXX in robinhood

r/investingSee Post

Preserving a downpayment against inflation - in the 32-35% marginal tax bracket, should I be investing it into a muni bond fund?

r/investingSee Post

Roth IRA Allocation Suggestions

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Roth IRA Allocation Feedback

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Need advice on allocation

r/investingSee Post

HYSA, SPAXX… or something else

r/stocksSee Post

High Yield Funds

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"Absolute" historical yield information for money market accounts?

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Bag holding VGIT - when should I cut loose?

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Investment strategy for a 5-10 year goal. Thoughts?

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Moving away from growth stocks & ETFs into CDs and T Bills

r/stocksSee Post

Moving away from growth stocks & ETFs into CDs and T Bills

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Excess cash - High Yield Savings, Money Market Account, or CD's?

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My wife and I have 500k to invest

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I don't understand the US Bond Index Fund

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Portfolio Review/Gen Advice

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Top Money Market Mutual Funds

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How does SPAXX calculate interest?

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60 years old - do I choose blue chip or total market, or both?

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60 years old - do I choose blue chip or total market, or both?

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Idle cash sitting in MooMoo account - possible to squeeze some yield?

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Gains on money market funds?

r/stocksSee Post

DCA instead of lump sum: abundance of caution or terrible mistake

r/StockMarketSee Post

4 rental properties & home paid off, no mortgages/loans. 30 years old. What should I invest in with an additional $100k? (Advice Needed)

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Interest on $ held pending orders and prior to settlements

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Seeking Feedback to Build a Strong and Diverse Portfolio - Any Advice?

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Is it safe to leave a large amount of money in fidelity?

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SPAXX vs. High yield savings

r/stocksSee Post

money market funds with low fees and/or taxes?

r/investingSee Post

How Money Market Funds Work

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Is there a better money market alternative to SPAXX?

r/investingSee Post

Can I view daily VMFXX /money market accrual?

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IFTTT type tracking for cash or other yields?

r/stocksSee Post

Government default impact to bond-invested money market funds?

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Started Managing My Own Money After Parent Lost 46% of Roth IRA

r/investingSee Post

Dividend yield vs interest

r/investingSee Post

Comparing JPST etf vs SPAXX fidelity money market

r/stocksSee Post

Money Market vs. Cash? What's the difference? Also, what are current cash (and equiv) yields on Fidelity, Vanguard, Etrade, etc?

r/investingSee Post

Money Market vs. Cash? What's the difference? Also, what are current cash (and equiv) yields on Fidelity, Vanguard, Etrade, etc?

r/investingSee Post

If you're on Fidelity, what's the best money market fund?

r/investingSee Post

Where to park the ‘short term’ cash?

r/investingSee Post

Why would you use FCASH instead of SPAXX or FZFXX for Fidelity core position?

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Money stuck in SPAXX, help!

r/investingSee Post

What stocks or funds can I add to optimize and strengthen my portfolio?

r/stocksSee Post

Opening a Fidelity Brokerage Acct?

r/stocksSee Post

I just noticed my Fidelity SPAXX account has $130 in it. Can I re-invest this to my Roth?

Mentions

I maintain 100% or more exposure at all times, but tune risk through concentration vs diversification and increasing or decreasing leverage. When I don’t have a swing trade position, my default is 140% S&P 500 (40% SSO, 60% VOO). I’m currently out of picked stocks, sitting at 128% S&P 500, with 12% cash in SPAXX, some of which is security for SOFI 6/14 7 strike puts. I very rarely use CSPs, and haven’t maintained a cash position in quite a while. I don’t see anything compelling right now.

Because just sitting in SPAXX sweep is 5% and doesn’t tie my funds up…

Mentions:#SPAXX

Based on my own limited knowledge if it were me I would open up a Fidelity account and either park it in their money market SPAXX for 5% or get a bunch of CDs. With Fidelity you could get a varying number of CDs from different banks, and as long as each bank is under the FDIC limit all the cash is protected. So you could put 250k in Wells Fargo CDs, 250k in some random bank in Minnesota's CDs, etc. Last I checked they were returning around 5.3%.

Mentions:#SPAXX

My last picked stock shares (BROS) assigned out for a nice win on Friday. That has left me with a large chunk of capital to allocate. As of this morning, my IRA was about 1.28x S&P 500, with a 12% cash position post-assignment. Absent a specifically appealing buying target, I’ve put on SOFI 6/14, 7 strike cash secured puts. Premium was 3% vs cash security, and the cash is in SPAXX. SOFI has recently re-rated lower, and next earnings call is expected to be 7/29. A move lower is certainly possible, but I don’t see it as a high likelihood considering their earnings trend. If the stock fell through my strike, I’d be fine as a buyer at $7/share. If it runs up, I’ll close my CSPs early.

in SPAXX at roughly 5%, that 88k would return around $4400+/year...

Mentions:#SPAXX

yeah, been learning about this issue, and I definitely prefer my Fidelity's account these days. Been moving some coin from Ally and Marcus just to sit there in SPAXX or FDLXX. The Fidelity guy in the office even called to ask " hey what's up, why you using it as a piggy bank?" Told him "I just like the 4.9% bruhhhh!!!"

Mentions:#SPAXX#FDLXX

SPAXX. 5%.

Mentions:#SPAXX

Just did this exact thing. At Fidelity. Closed out prior employer sponsored 401k into a new IRA with them. Did it online. Didn't require any human intervention at all, I just logged in like always and did it. Online portal stays the same, logins and everything. Perfect time to update your contact/profile info, bank acct, beneficiaries, are accurate. It's a direct transfer and stays pretax, nothing you need to do as far as the IRS is concerned. Incredibly easy. By Default, *until* ***you*** *pick your allocations* into new funds or stocks, your money will roost in a Money Market fund (probably SPAXX). It's quite safe to let it sit there in daycare (LOL) while you research and figure out what you're gonna do with it. -Doing this did trigger a very polite phone call from Fidelity, offering to schedule an appointment with one of their advisors (phone or zoom or whatever your flavor is, unless you're near a large city where they have a physical presence).. No fees, it's free, zero obligations. I took them up on that just to get some insight or some opinions on research I've done thus far.

Mentions:#SPAXX

Yes. When you create a taxable brokerage account, you will get a "core" position which is where your cash will go by default. There are a few options that you can choose when you set up the account. I chose SPAXX which is a government money market fund that yields that 4.95% right now. The yield will fluctuate based on the current fed rates. It accrues daily and pays monthly. I use it as a savings account alternative to hold my emergency fund.

Mentions:#SPAXX

[OP, this will now become your Bible](https://www.bogleheads.org/wiki/Managing_a_windfall) Read it, digest it, then read it again. Over and over As someone who received an unexpected seven-figure inheritance, this was truly helpful. If you play your cards right, you'll be alright in life Also, if you haven't opened a Fidelity account and dropped the $1M+ in a money market fund (SPAXX is a good place to start) you're behind

Mentions:#SPAXX

HYSA for sure. I use mainly Fidelity so it's in SPAXX (around 5%) and I can immediately use it for stocks or ETF buys. Your horizon is like 30 years so don't be disappointed with short term losses and just continue to invest.

Mentions:#HYSA#SPAXX

ABBV - AbbVie Pharmaceutical. Picked them at the time because felt strongly pharma stock will have steady growth, and I had several $$$ in SPAXX account, accumulating from weekly Roth contributions.

Mentions:#ABBV#SPAXX

SPAXX in IRA's, FDLXX in a non-retirement account (taxable)

Mentions:#SPAXX#FDLXX

For a bank with a HYSA, I've enjoyed my experience with sofi the last two weeks. You need a job with direct deposit to qualify for the HYSA tho. Even better than a HYSA would be to leave extra money in a brokerage and at least collect the risk free rate from a money market fund (at fidelity, they have SPAXX which is ~5% apy due to current Fed funds rate) or from a tbill fund like SGOV or a synthetic risk free fund like BOXX. SGOV is better if you have high state taxes, BoXX is better if you dont

I would still suggest fidelity. Fractional shares, competitive money market with SPAXX, good customer service, color green

Mentions:#SPAXX

I think we need to think of a way to reform 401(k) regulations. They are way more expensive to operate than IRA’s yet it’s not clear those regulations are actually protecting workers. Meanwhile the DIY approach seems to be at the other extreme. The brokers should be expected to default to the separate TDF and a typical or slightly aggressive savings level. Changing the default contribution is easy. Having a mandated default level of 16-20% would be totally easy way to boost savings rates. In addition retirement calculator never seem able to tell you what to contribute. Empower seems unable to even let me adjust the contribution rate on its calculator. Fidelity lets you adjust it, but you need to tell Fidelity what your needs are. I don’t know. I am not even sure if it’s including retirement contributions in its income calculation. Allowing people to opt out is good to help people who need money now or are saving for a down payment. My plan is to focus on retirement and contribute 24% till I have a good path to owning a home and then go down to 6% or 7% to save for a down payment. Brokers also just need to look into a tutorial mode, to just guide people through tradeoffs and investing terms as they set up accounts. Go to R/Fidelity and half the questions are about simple stuff like core positions and SPAXX.

Mentions:#TDF#SPAXX

I cash in a Fidelity SPAXX Never thought that it wasn’t covered by the FDIC thanks so much for sharing that!

Mentions:#SPAXX

Make a fidelity account. If you are ok with risk out half (or more) in VOO. It is the sp500. Whatever you want to be safe with - put in SPAXX. It makes 4.98% annual % and gets paid out every month. For $30,000 you would make about $130 per month just for having it in SPAXX and it's fully insured and no risk.

Mentions:#VOO#SPAXX

I also have the Fidelity SPAXX but that’s a separate bucket for brokerage acct investing. My emergency fund is just held at a local credit union. One thing to note about brokerage accounts is they aren’t insured by the FDIC or NCUA (usually). May or may not be important to you. Care to share where your 5% checking account is? I work in finance and have never seen such a thing. Money market products can usually be used as a draw for checks but it isn’t strictly a checking account and is usually subject to monthly withdrawal limits.

Mentions:#SPAXX

Geesh - I can't believe you are basing your comments on the failure of Community Bankers MMF. Money market funds have not worked that way in decades. It is the only fund other than the reserve fund in 2008 that has ever broken the buck. Rule 2a-7 would never allow SPAXX to lose value in the same way as you suggest. And the liquidity rules that were proposed and adopted last year reduce liquidity risks even more. The only recent time that there was a liquidity risk was during the Covid crisis - but all redemptions were met by every money market fund in the US because the Fed provided a temporary backstop liquidity facility. The number of money market funds that have failed in history in the US in 2. The number of banks that have failed in the US just in 2023 that entered FDIC receivership is 5. And as far as I know - no brokers have entered into SIPC receivership in years.

Mentions:#SPAXX#SIPC

FDIC is better in that the underlying assets at Signature bank losses value and my grandparents can still right checks from that account as if nothing happened and lost nothing. If SPAXX lost money somehow you would lose money. A bank run on SPAXX is less likely because unlike say SVB the NAV of the accounts would be marked down as soon as the paper loss occurred. As opposed to after the run. Because of that for uninsured deposits at SVB there share of the paper losses were growing due to the run, on top of the fire sale related losses. Derivatives were involved in the “Community Bankers U.S. Government Money Market Fund” the only government money market fund to lose value. It also wasn’t open to small investors.

Mentions:#SPAXX

I took my profits as well, sold all Apple stock. Currently earnings 5 percent interest from SPAXX. Also bought 🍎 puts

Mentions:#SPAXX

I have some money sitting in FIDELITY GOVERNMENT CASH RESERVES and in FIDELITY GOVERNMENT MONEY MARKET (SPAXX). I would like to start moving this money into FID L/T TREASURY BOND INDEX FUND (FNBGX), FIDELITY ZERO INTERNATIONAL INDEX (FZILX), and into FIDELITY ZERO TOTAL MARKET INDEX (FZROX). When and how do I do it? For the 'when' the market seems extended and it seems to be under some pressure so I wonder if I should wait. For the 'how', when I can get the 'when' figured out, I am thinking to invest gradually, using cost averaging. Please comment and suggest. Much appreciated.

Not to mention don’t you like earning 5% in SPAXX or whatever money market your cash is swept in? Be careful what you wish for, I’m liking my free 5%

Mentions:#SPAXX

Fidelity SPAXX - U.S. government money market fund. Paying 5%, fully liquid, virtually no risk.

Mentions:#SPAXX

hi guys, i’m a teenager and i’ve started investing a year ago. i got my brother to start investing too and we both use fidelity youth accounts. fidelity automatically puts our money into a money market fund and claims we can make 5% every week using SPAXX in dividends (not sure if they mean dividends?). however, according to my math we only make 0.5%? my brother currently has 694.31 invested into this, but his dividends are only 3.42 instead of $34? i definitely feel like i’m missing something. if anyone could help me make sense of this it would be very much appreciated!

Mentions:#SPAXX

Same. SPAXX it up

Mentions:#SPAXX

I don't know. SPAXX is 4.96 and fdlxx is 4.94%. I didn't even know what FDLXX was, SPAXX was just my core position when I opened my IRA

Mentions:#SPAXX#FDLXX

Why SPAXX over FDLXX?

Mentions:#SPAXX#FDLXX

If you went to fidelity and got on SPAXX you make a lot more than 4.35% (Usually around 4.96, 4.98 or 5.02% it varies each month but a lot more than 4.35)

Mentions:#SPAXX

I'm starting to really like my SPAXX @ 4.95% APY, more and more with each passing week ![img](emote|t5_2th52|27189)

Mentions:#SPAXX

SPAXX is a great no risk investment for this time frame. You may also consider a tax efficient short term vehicle like BOXX. Box spread synthetically recreates the risk free rate of short term treasuries, but is a bit more tax efficient which offsets the expense.

Mentions:#SPAXX#BOXX

I thought of leaving it in SPAXX too, but I think spaxx has an expense ratio.

Mentions:#SPAXX

Basically the same thing. Idk. SPAXX is 4.78 something something.

Mentions:#SPAXX

Keeping it in SPAXX Money Market, approx 5% yield.

Mentions:#SPAXX

You're ahead of most people your age by just asking the question. My suggestion is do take some money out to buy a reliable used car, put the rest in a brokerage that offers high interest savings (Fidelity SPAXX) which is the same as cash. Put the max you can in a Roth IRA and use that money on a diversified ETF. Add the max contribution yearly to that Roth IRA and keep 6 months of emergency money in the brokerage account.

Mentions:#SPAXX

Fidelity SPAXX is my HYSA and I have many TBills ladders. Fuck banks

Mentions:#SPAXX#HYSA

"I could understand trying to get more yield by taking more duration risk and tying up in bills and running a longer short put campaign. Or paying the fees on BOXX or SGOV. Or using a box spread. Or getting poor margin/EOD pricing on **SPAXX**" Right ; ) Sorry too much going on right now but you get it, and you know I get it. Cheers!

I didn't expect you to double down on arguments about puts being expensive when they usually cost less than calls in nominal and real terms for retail (I assume that's what you mean by "See equidistant extrinsic values for a call and a put. See the difference?" -- which wouldn't have to do with puts because you can see the extrinsic difference in ITM calls vs OTM calls and similar for puts vs puts -- it's not specific to puts, hence my comment about call-put parity) Here's an example: * 7 DTE SPY -16-delta OTM put (spot at 509, strike at 498) 0.95/sh for IV of 16.32% * collect 1 week interest on $49.8k cash deposit * best offer on $49k notional of 8-day T bill is 99.919 (yield 4.166%) * I could understand trying to get more yield by taking more duration risk and tying up in bills and running a longer short put campaign. Or paying the fees on BOXX or SGOV. Or using a box spread. Or getting poor margin/EOD pricing on SPAXX, etc * +$47.75/7 days if you can get 5% APR * 7 DTE SPY 84-delta ITM call (498 strike) 1.48/sh extrinsic (about 12.93/sh total premium) * share should accumulate about 7 days of dividend (about $12.78/round lot/7 days) * $53/contract excess extrinsic to the put * bid-ask spread is like 0.08/sh, so we might subtract $1-$2/contract as a liquidity fee Market data suggests you'd make $17/week extra with the covered call with fewer transactions and less duration risk ($148 + $12.78 - $1) - ($95 + $47.75) (ie, "You are unlikely to collect more interest on the put premiums than you would on the shares + call premium.") -- that's why I didn't expect a double down on the "puts are expensive" concept, lol. Bonus points for figuring out why this is the case for retail traders. And thanks on the cake day. It was a nice day, lol.

SPX is not the same as SPAXX.

Mentions:#SPAXX

Take responsibility for your own money. If you don't know what you're doing, put it in SPAXX with Fidelity or some HYSA (high yield savings account) and let it compound until you do know what you're doing. If you're set on investing in the stock market. Choose an index fund like VOO or growth fund like VUG.

Put it in SPAXX through Fidelity. About 5% interest and fully liquid at all times.

Mentions:#SPAXX

If you open a fidelity account and put your money in SPAXX - you get paid approximately 5%apr - interest each month on the first (not 5% per month it's per year) it's actually about 0.42% per month I have one account with $20000 in it and it makes $84 per month. Your money is available -your money is able to be transferred to your checking account in 1-2 days.

Mentions:#SPAXX

Keeping your retirement account in SPAXX is a horrible idea and doesn't at all address the fact that Robinhood adds 3% of your total transfer into your account. You can invest it all in USFR at Robinhood if want want to do something like sitting in MMFs.

Mentions:#SPAXX#USFR

Fidelity cash account defaults to SPAXX money market and has most bank features. It's what I use. Highly recommended.

Mentions:#SPAXX

Or just roll it over to fidelity and put it in SPAXX core and get 5%

Mentions:#SPAXX

Super interesting. My bank sucks! Looking to switch was gonna move all to navy fed but this SPAXX thing has me intrigued instead

Mentions:#SPAXX

How does this work?? Are you talking about like SPAXX?

Mentions:#SPAXX

The recent purchase you're talking about is 99.589722 per 100 at maturity. The cash will be deducted from your bank on the issue date which is 04/30/2024. If you have the cash in a money market fund like SPAXX, your balance will accrue interest until that date. As for the yield, the annualized yield is (100/99.589722)^(52/4)-1 which is 5.49%.

Mentions:#SPAXX

Hello! Relatively young/new investor here with a quick question. I have about $14,000 in a fidelity brokerage account right now. I am pretty risk averse with the money because I am hoping to use it as part of a down payment on a house in the next \~5 years. Right now, some of it is in an S&P500 etf but the rest is in the standard fidelity money market SPAXX yielding 4.95%. I am considering moving it to a high yield bond ETF (FDHY) for the higher yield, but am unsure exactly how to assess the relative risks. Anyone have any advise? Thanks in advance!

Mentions:#SPAXX#FDHY

Fidelity SPAXX money market is 4.97% interest, not bad

Mentions:#SPAXX

Hi! I need to choose funds for my new 401k plan. I wanted something like Fidelity’s SPAXX money market that has been paying 5% for about a year now because in early February, I’ll liquid to buy company stock. Unfortunately, there’s no money markets to choose. I don’t know much about how to read yield/returns on bond or capital preservation funds. My goal is capital preservation but I’m not sure that the Putnam Stable Value Fund is truly the best choice. Is that what you would choose? Bond choices: FXNAX Fidelity US Bond Index PIMIX PIMCO Income Institutional VIIGX Vanguard Intermediate-Term Treasury Index Institutional VTAPX Vanguard Short-Term Inflation Protected Sec Index Admiral Capital Preservation: PSVF15 Putnam Stable Value Fund 15bps

If you’re looking to stay liquid, just put your $$ I a a money market fund. Like SPAXX through fidelity. Fluctuates based on rates, but pays monthly and has been hovering around 5% yield (per year)

Mentions:#SPAXX

> the CMA is adding the Fidelity Government Money Market Fund (SPAXX) an a core position option. Source: https://www.mymoneyblog.com/fidelity-cash-management-account-new-core-money-market-fund-option.html Then I'll leave the above in your care in case it helps. Present day the Fidelity cash management account (CMA) only allows an FDIC insured option as its core position. Come June '24, they're going to allow the core position option of $SPAXX.

Mentions:#CMA#SPAXX

Look for cash money market funds that pay 4.5% in interest right now. Until the fed changes things anyway. Something like SPAXX at Fidelity.

Mentions:#SPAXX

Dude, I’ve been pulling it just in money market funds like SPAXX. Yeah, it’s got internal fees, but with a large enough position, it’s a nice income infusion for those that need it. It’s one reason why I’ve been ok continuing to rent for these last two years.

Mentions:#SPAXX

Gonna start investing into SPAXX

Mentions:#SPAXX

Robinhood's rate is 5% if you have Gold no? So $5/month to get 5%. I'm pretty sure Fidelity right around there, there's kind of a reason why SPAXX is the largest money market in the world dude. As of April 19th, 2024 [SPAXX's 7-Day Yield is 4.95% without any subscription fee](https://fundresearch.fidelity.com/mutual-funds/summary/31617H102) [FDLXX's 7-Day Yield is 4.93% without any subscription fee](https://fundresearch.fidelity.com/mutual-funds/summary/31617H300) SPAXX and FDLXX both operate as cash sweeps, so you can make trades, use your debit card (ATM fees refunded on CMAs) or free wire transfer to other accounts [Vanguard's VMFXX's 7-Day Yield is 5.27% without any subscription fee](https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx#) FDLXX and VMFXX are heavily composed of U.S. T-Bills, states are not legally allowed to tax you on the interest generated from T-Bills. [Use the Money Market Optimizer yourself and click on the VgBestNow and Fidelity BestNow tabs and look for yourself](https://docs.google.com/spreadsheets/d/1ybZv8xuZ1KGSPn4y2gDEycPQX0KJpLbuzFg3hUReJB4/edit#gid=1574271208) If you live in a state with state income tax: **Your After-Tax Yield from Robinhood is guaranteed to be lower than FDLXX or VMFXX** **If you live in a state without state income tax, then you're losing cash at Robinhood when you could purchase SPRXX instead and achieve the same cash sweep capabilities** So your After-Tax yield is lower with Robinhood and then you spend $60/year for that privilege. Make the numbers make sense to me dawg. That doesn't even include the cheat code of purchasing [BlackRock's Institutional TTTXX Fund at 5.18%](https://www.blackrock.com/cash/en-us/products/282697/blf-treasury-trust-fund) through Merrill Edge to avoid the $3 million dollar minimum investment requirement. > The 3% match also includes ongoing contributions forever. But part of that 3% match deal is you have to keep your money at Robinhood for 5 years regardless of their behavior to keep the match. I'm not knocking anyone for taking advantage of the 3% match but the company behind it doesn't have the best track record in terms of systems design and management: ControlTheNarrative, IR0NYMAN, GME. . . But this message isn't for you /u/E_coli42, it's for anybody else that stumbles across this post and hopefully realize they should do their research into their brokerages and not blindly dump all your money into one without knowing what they're about.

SPAXX is less than robinhood's rate right now. Robinhood is really trying to pull people in right now so it probably won't decrease for a while. When it does decrease, I can just move my money again lmao. The 3% match also includes ongoing contributions forever. Fidelity doesn't do that.

Mentions:#SPAXX

> you essentially can’t spend it anywhere that's not correct at all, though. you can pay with a lot of payment processors using btc directly or use a card that auto-liquidates btc so you can spend as cash > why would you spend it if the whole reason most people buy it as an investment people also do this with stocks and bonds, (and handbags and watches and corn and coffee), and liquidate when its time to use it as money. i hold SPAXX in my fidelity core position which autoliquidates as cash when i use it. it's pretty similar in that regard > It has no intrinsic value since it produces mining btc costs energy, and miners aren't going to pay a power bill and then give away the btc and take a loss. there is a floor on the "intrinsic value" > It’s not even tangible like other non-income producing assets like art most cash is not tangible either; they're numbers in a bank database. you can get physical cash to represent it, but at the end of the day, it starts as numbers, just like btc. you could use this exact argument against any country's currency, comparing it to art is a strange comparison > It has no utility what utility does a piece of USD have? none either. currencies aren't only usable due to intrinsic utility, but being good at being a currency. btc is quite good at being a currency > Crypto relies completely on great fool theory. The only way you can make money with crypto is if someone is dumb enough to buy it at a higher price later that could be said about any appreciable asset. but since a home builder can't directly barter his skills for someone elses skills, we need a currency. some currencies are better than others. btc is another currency that, so far, has proven that it's pretty good at the things we need good currencies to do

Mentions:#SPAXX

Fidelity literally offers SPAXX 5% as a default core position without paying $5 for Robinhood Gold like a dummy. Then I have weekly auto convert to FDLXX to get that 5% state income tax free because you know actual fucking brokerages. When I’m selling cash-secured puts to you regards, I still get paid that state income tax free interest until I’m called. The 3% IRA match is a limited-time offer to make guys like you who cream in their pants from a brokerage UI despite submitting losses to your accountant yearly. Fucking Children lol

Mentions:#SPAXX#FDLXX

SWPXX Note that you actively have to put the money in there u like Fidelity and Vanguard where the settlement fund is in SPAXX and VMFXX

Mentions:#SPAXX#VMFXX

Is this a better option than a HYSA? Curious because I have a HYSA earning roughly 4.75%, is SPAXX as flexible?

Mentions:#HYSA#SPAXX
r/investingSee Comment

I see your SPAXX and raise you FDLXX which is exempt from state and local taxes and therefore likely carries a higher after tax yield unless you live in a tax free state!

Mentions:#SPAXX#FDLXX
r/investingSee Comment

HYSA like everyone else said. My personal choice is SPAXX at Fidelity which is as good as cash and pays 5% or so. There are plenty of online banks and local CU that'll give you good rates. And pay off debts ASAP.

r/investingSee Comment

My kids were all setup via Fidelity, and I can see all their trades - we discuss it over chats and talk about gains and losses. I can also send them money immediately from my account to theirs for allowance, reimbursement, etc. Good to know in an emergency they have access to money if needed. They use the debit card to buy stuff they want, they also make pretty good rates on SPAXX for their cash holdings.

Mentions:#SPAXX

Well, SPAXX (your holding position at Fidelity) is currently paying 4.96% or so?

Mentions:#SPAXX

I’ve got about $25k in cash, between an emergency fund and saving for future expenses (auto insurance, next month’s expenses, vacation fund, etc). I typically keep $3k in a MMF and use the rest to buy 4wk treasury notes. I’ll often stagger them so they pay out every other week. It’s only an extra $10 a month I get by buying notes vs all SPAXX, but it only takes like 1 minute every other week to do in Fidelity.

Mentions:#SPAXX
r/investingSee Comment

You can get 50bps higher yield from buying 4wk treasuries set to auto invest, not taking into account SPAXX has a .42% expense ratio and worse tax efficiency. It’s convenient but there’s definitely a price for that convenience. I think the investing based on age makes sense from an asset allocation perspective but I think our friend here is just looking for alternatives to park his emergency fund, which should be considered outside of his investment portfolio mix

Mentions:#SPAXX

Treasury bills are earning 5.1-5.3% right now and earnings are state tax free (unlike the Fidelity SPAXX account suggested by others). You can buy from Treasury Direct, but it's easier to use Fidelity or Schwab. These interest rates may sustain for the full 3 years, but these are short duration investments of 4-52 weeks and if rates drop you can put the money somewhere else.

Mentions:#SPAXX

Treasuries, or funds with treasuries as the underlying asset, can have very real benefits over SPAXX in a state with high income tax.

Mentions:#SPAXX

Fidelity brokerage account cash in SPAXX is basically my HYSA. I'd argue going further than that and actually buying treasuries is kind of pointless in most cases.

Mentions:#SPAXX#HYSA
r/stocksSee Comment

Symbol Total Gain/Loss Percent Of Account SPAXX (cash) 15.38% GOOGL 43.72% 12.90% VOO 19.87% 12.47% UNH -3.82% 9.67% VTI 18.06% 8.14% QCLN -22.69% 5.76% TSM 47.95% 5.56% TMF -26.00% 4.84% PARA -3.62% 4.34% DDOG 69.98% 4.33% BRKB 8.87% 4.31% CRSP -16.88% 3.70% XLK 0.43% 1.68% RSP 12.32% 1.51% ENLV -35.97% 1.49% BAC 42.02% 1.35% EWJ 14.50% 1.32% BN 29.93% 1.29% QQQM 0.69% 0.86% GRND 101.39% 0.84% SPMD 18.15% 0.58% MRK 63.72% 0.40% AVUV 27.35% 0.34% YNDX -0.70% 0.32% JPM -0.52% 0.23% DXJ 8.19% 0.20% VXUS -0.54% 0.11% It is far from the set-it-and-forget-it portfolio I wish to have one day, but here's what I have in Fidelity. Also have a Roth IRA maxed out in a target retirement fund (2050) and about $10k in the bank.

Mentions:#SPAXX

If you have a Fidelity brokerage account, your can use SPAXX as your core settlement position and it will earn \~5% until you can determine a proper allocation to treasuries once you better educate yourself. How much you invest in bonds is a personal choice and should be based on your age, investment timeline and risk tolerance.

Mentions:#SPAXX

Appreciate the advice good luck with the listing. Might just throw it in SPAXX, I already use fidelity.

Mentions:#SPAXX

I'm doing the same in an investing account with Fidelity. The money market fund SPAXX pays out 5% right now.

Mentions:#SPAXX

*for now. SPAXX paying out like it is currently is a very recent trend, and won’t last forever.

Mentions:#SPAXX
r/investingSee Comment

SPAXX is nice but it does have a relatively high expense ratio (.42%) which reduces its effective return to a pretty middle of the pack HYSA… something I’m sure you’re aware of.

Mentions:#SPAXX#HYSA
r/investingSee Comment

I put my savings in my Fidelity cash management. You can buy SPAXX in cash management account and it will automatically liquidate whenever you make a purchase with CMA debit card.

Mentions:#SPAXX#CMA

Okay put your money in SPAXX like an adult and you’ll still get 4.95%

Mentions:#SPAXX

SPAXX has a 4.95% 7-day yield still.

Mentions:#SPAXX

Fidelity has good fills and SPAXX which earsn you 5% automatically on any cash in your account. Also you'll earn that 5% on cash secured puts and naked calls. Fidelity's Active Trader Pro is garbage. TDA/Schwab also has good fills, no SPAXX but their trading interface is good.

Mentions:#SPAXX

Yes! SPAXX is great in the current market.

Mentions:#SPAXX
r/investingSee Comment

Yep. I use Fidelity SPAXX money market is currently offering 4.95%

Mentions:#SPAXX

I recommend starting with 100% allocation in VOO. I wouldn't overthink it past that if your just starting out with $1k. Setup auto invest for 5-20% of your take home pay into VOO no matter if it's going up or down. I do half of that 5-20% in my wealthfront HYSA for a guaranteed 5% return and quick access to my money in an emergency. don't withdraw anything until absolutely necessary. define your budget, automate your payments, and forget about. fine tuning your portfolio has minimal value when just starting out, but if you want to nerd out then look into some ETFs like QQQM, XLK, SPAXX, and SCHD.

This is what I'd do if I were in that position. I just hold cash in my Fidelity settlement position (SPAXX). It's yielding around 5% right now, and will likely track close to HYSA rates unless something strange happens.

Mentions:#SPAXX#HYSA

I’m fine with SPAXX at 4.9X right now.

Mentions:#SPAXX

38, USA Not a whole lot of time on my hands working, married, 2 kids. Have a 401K through work, with employer match at 5%, currently contributing 7%. Have 2 UGMA's for kids contributing $100 a month to each, only holding FZROX in there. I have a taxable account, with only ITOT in it, contributing $200 a month to that, while $200 stays in the SPAXX account for "just in case". have a HSA through work also, contribute $200 a month to that as well. My Roth is where I am iffy on, have been contributing full amount for the last 5 years. But have moved what's in the Roth around here or there. My question is, the Roth currently holds SCHD, FDEWX which is a target date fund, and FSKAX. Is it worth while to keep this target date fund in there? or just move all that into FSKAX which has out performed the target date fund for quite a while now. Both have almost the same amount contributed, while FSKAX has "grown" about $4000 more over the course of a few years. I try to keep everything "set it and forget it" and just check on each every other month. Just not sure if its worth the growth to keep the target date there, and move that money into FSKAX or not. Any info/help would be greatly appreciated.

I’m a crypto degen and I’m here to tell you: please don’t put a significant amount into crypto, especially as crypto markets are just setting new all time highs, *especially* if you have no other investments to fall back on. First, create an account with a major brokerage. I like Fidelity for a bunch of reasons (great funds, better trading tools, more flexible than Vanguard, lets you dabble in crypto if you really want to, great checking account product too) Then ask yourself: if the market saw a big contraction in the next year and your portfolio lost 30% of its value, how would you feel? Do you want to use this money for anything in the next 5 years? 10 years? 20? I’ll say that if you plan to use the money in five years or less, put all of it in a money market fund. SPAXX is great. FDLXX has a roughly similar yield but is not subject to state and local taxes because it invests mostly in treasuries. If you live in a state with income tax or you are a high earner, FDLXX may provide better after-tax returns than SPAXX. You should research more from here if this sounds appealing. If you are not comfortable stomaching a possible 30% loss in value over the next 10 years, you should invest in stocks but tilt more conservative with a bond allocation. Anywhere between 10-40% of the money should go into a low cost, diversified bond fund like BND. The remainder should go into diversified index funds—either some mix of US and International like FSKAX or VTI plus FTIHX or VXUS. Or you could take the lazy (but still extremely valid and maybe even preferable) approach of putting all of your stock allocation—that is, whatever you don’t put into bonds—into a global fund like VT. If you have some risk tolerance and a longer time horizon, I would say it’s worth considering a 5% allocation to Bitcoin either by holding it directly on Fidelity Crypto or Coinbase or whatever, or by holding one of the Bitcoin ETFs like FBTC or IBIT. But don’t go crazy. Crypto his high risk / high reward. Most of the folks you see here will tell you it’s tantamount to gambling. I disagree on balance, but they’re not entirely off base. This is an entire debate unto itself.

To be fair the brokerage payments compounding would still be completely insane if we’re talking thousands of years. Just SPAXX would make you loaded

Mentions:#SPAXX

Hi, I will say am a fan of the new options UI. However I would still like to know if I will be able to earn interest on the collateral set aside for sold CSPs, as earning interest on collateral via fidelity's SPAXX cash sweep is one of my favorite features of their platform. Thanks.

Mentions:#SPAXX

It depends on your account size. The comment by u/vansterdam_city is about a portfolio margin account that means they have more than 100k in the account. Less than 100k - and Ibkr prorates based on account size. And there is no interest paid on less than 10k and the rate is less if it's not an Ibkr Pro account. The calculation is here - [https://www.interactivebrokers.com/en/pricing/pricing-calculations-int.php](https://www.interactivebrokers.com/en/pricing/pricing-calculations-int.php) Summary here - [https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php](https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php) If you are trading a smaller account and you don't qualify for portfolio margin - and you use option writing strategies - it's usually simpler to use a broker that offers a money market sweep like Fidelity which currently sweeps to SPAXX currently with a 5.01% 7day SEC yield. Brokers like Schwab/TDA require manual cash management but Schwab's SWVXX currently has a 5.1% 7day SEC yield. Unless you are an active trader - manual cash management may be inconvenient. In general, if you are using put writing strategies - it never makes sense to use a broker like Robinhood when the risk-free rate is high and you cannot recover the interest rate drag. If you are familiar with basic option pricing models - if you look at Rho - when interest rates increase, put premiums decrease so if you can't generate yield on the collateral, you are not accounting for impact of the risk-free rate in the short put position.

Mentions:#SPAXX#SWVXX

This is very similar to selling OTM puts. Obviously selling the ITM CC would also net you any dividend payments…if the stock isn’t called from you overnight. CC however, you have to tie up your cash…while selling puts only ties up margin available, and you can keep the cash in SPAXX, collect the put premium and 5% interest until/if assigned. —-A move that I like to use is sell an ITM CC, then use the margin to sell an OTM put…and buy 2 OTM puts to protect the downside…I rarely sell ITM CC as a standalone trade.

Mentions:#SPAXX

Fidelity has SPAXX, which is technically better than Vanguard’s VMFXX because it’s automatically converted over instead of requiring you to buy the mutual fund.

Mentions:#SPAXX#VMFXX

I did and that was my take, now I’m second guessing it but I‘m still hoping that’s the case and unemployment comes in hot and it solidifies June reduction. Although I also like my SPAXX getting 5% so there’s that lol

Mentions:#SPAXX
r/wallstreetbetsSee Comment

SPAXX is paying 5% so what's the point of dealing with treasuries?

Mentions:#SPAXX
r/investingSee Comment

So SPAXX would still be taxed at the federal rate, correct?

Mentions:#SPAXX
r/investingSee Comment

SPAXX is about 40% state tax exempt, FDLXX is 90%. Municipal bond funds are usually only exempt in states where they are issued. FTEXX is in this document, so you can look up your state: https://www.fidelity.com/bin-public/060\_www\_fidelity\_com/documents/taxes/2023-tei-by-year.pdf

Mentions:#SPAXX
r/investingSee Comment

The 6-month CD is set for that period but an investment like SGOV, USFR, FLOT, or a Money Market Mutual Fund like SPAXX will likely start dropping its interest rate yield by early Summer.