TTTXX
BlackRock Liquidity Funds - Treasury Trust Fund
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Depends, there’s no right or wrong here. TTTXX has the advantage of same day liquidity, lower expense ratio, and shares can be purchased in $1 increments making it easier to dump a specific amount of cash there. SGOV requires you to buy full shares, which right now means you are buying in $100ish increments. SGOV is also a bit more complicated to deal with come tax season.
He’s basically saying keep 10% liquid but in a way that it’s generating a relatively high yield in interest. TTTXX is just a good fund to invest in that will generate more yield than a typical high yield savings account and you don’t have to pay state or local taxes on the dividend income. This way when there is a buying opportunity in the market, you have cash ready to spend.
I’m not saying 80/20 of your entire portfolio, just for a single brokerage account (my Roth IRA is 100% VTI for example). Outside of that, yeah you want to think about liquidity. I personally have a laddering CD strategy that I prefer rather than something like TTTXX.
I suggest adding 10% TTTXX so that you can quickly deploy that capital into buys when market goes red. Replenish the TTTXX (or equivalent fund). Get a decent return. Pay no state tax.
VTI/VXUS/TTTXX (70/20/10) is my go to. When market turns shit, I take portions of the TTTXX and buy VTI/VXUS. Deposit more into TTTXX. Rinse and repeat. Plus TTTXX isn’t taxed in my state. So get some steady income.
Even all the advice about VOO (S&P500 ETF) and QQQ (Nasdaq ETF)… with the market so high now, I might hold off til the market crashes a bit. Another approach, do a plan of adding $500 a week for the next 20 weeks. That way it dollar-cost-averages out, instead of trying to time the market. In the meantime, a mutual fund like TTTXX is essentially a high-yield savings account. You all assume OP doesn’t need this money for 40+ years, but the money might be useful in the next couple years for college expenses or other living expenses. With interest rates so high, using this money is a better financially than a 7-10% APY loan.
So should I move money into VCIT or leave it in TTTXX where it is?
I use either HYSA or MMF, whichever I can get more % at a reliable source. For HYSA, I previously used cap one and Marcus Goldman. For MMF, I currently use TTTXX at Merrill Lynch and FDLXX at Fidelity for state tax exemption.
TTTXX is 100% to my knowledge and another solid option to consider
Assuming you need it this year, take the win and put it someplace safe. HYSAs still paying over 4% or something like TTTXX.
I currently have it in TTTXX. Getting a yield of about 4.2% so sounds like SGOV would be better
Assuming you're adamant about zero risk, you have a couple of options. I think BofA/Merrill's banking ecosystem is a bit lacking, their investment platform is decent but not the best, but their platinum rewards are hard to beat (especially at >$100k). 1. Go with BofA + Merrill and keep your money in a treasury ETF or a money market fund. Both will pay higher than a CD and will mostly exempt you from state and local tax. You'll get 2.25% CB on your Unlimited Cash Rewards card and 4.5% CB on online purchases if you apply for their Customized Cash Rewards, which is the real draw to their ecosystem. This increases to 2.625% and 5.25% once you hit $100k. 2. Go with US Bank and apply for a Smartly Visa. You'll get 3% CB if you have over $50k, 4% CB if you have $100k. There may be fees if you have fewer than $100k though (not sure). You can again invest your cash in treasury ETF or money market funds. Their banking experience is on par with BofA--slightly easier browsing experience, much easier auto payments, and actually pays a decent savings rate (but still much lower than treasuries, MMFs, and even CDs). However, it feels less secure and the investment side is complete garbage compared to Merrill's (which is decent but not industry-leading). For the treasury ETF, SGOV used to be the gold standard. Vanguard's new VBIL offering is slightly cheaper now. TTTXX is my go to for money market fund at Merrill. Not sure what the best money market option is at US Bank.
TTTXX or FDLXX or something like that. Money markets.
XOM. If you can do money markets, something like TTTXX (or one of the many similar) might work great.
You probably want to look in to the state bonds because they have really low yields and probably only make sense if you have a very, very high federal income tax rate. I have high federal income tax and state tax and right now I use a federal treasury money market mutual fund that exempts from state but not federal tax. The one I use is TTTXX but it’s brokerage specific and other brokerages have similar but different funds.
If you’re able to do this for 100k: don’t do the promo bofa account, open a linked Merrill account (still counts to rewards tier balance) and dump it into a preferred deposit. Still a HYSA / FDIC insured, but currently pays 4.71%. Alternatively, TTTXX is all us gov treasuries, has no minimum for Merrill customers and is currently yielding 5.16%
You’re on the right track. Any money you need in 5-7 years should not be invested in stocks (unless you can afford to wait if it loses value). Money market funds, treasuries, HYSA, or CDs. TTTXX is fine for this. For long-term investing in stocks (like retirement), stick with the S&P 500 or a total market index fund (like VTI) until you learn more. For a good baseline portfolio, check out the Bogleheads three-fund portfolio. Even if you decide not to use it, it’s a helpful basis for comparison. https://www.bogleheads.org/wiki/Three-fund_portfolio
Personally I would buy TTTXX (money market) and take slowly buy into VTI/VXUS over the course of a year. You could do this with a HYSA too
TTTXX too. It’s mostly tax free treasuries too.
6 month emergency fund + all of my liabilities in one of a few Money Market Funds (FDLXX as my primary bill pay account, TTTXX but I'll move to USFR next week for cash I don't immediately need). The rest in VTI, VOO, VT, VXUS or one of a handful of stocks if I'm feeling playful. A big chunk of my IRA is actually Apple, but that's because I bought $1,000 when shares were like $22 a piece.
Better rates...SPAXX is currently below 5%, SPRXX is 5.02%, and TTTXX is at 5.19%
Merrill has access to TTTXX which is better than Fidelity's MMFs
Fidelity, no contest. Merrill is much less friendly at <$250k assets. Fidelity's floor on interest is around 5% with automatic sweep into SPAXX (To get that at Merrill you have to manually invest in money markets. E.g. TTTXX.) Fidelity's fees are either lower or non-existent across the board. Merrill's can be waived with assets. BofA has better credit cards *if* >$100k Source: I have both.
Sounds corny, but contacting a financial advisor is obviously your best bet. But I ran into this as well and this is what I learned: Comparing the dividend yield of VOO (Vanguard S&P 500 ETF) to the interest rates of a High-Yield Savings Account (HYSA) or Treasury fund can be insightful, but it's important to understand the differences between these investment options: 1. **Dividend Yield vs. Interest Rate**: * **Dividend Yield (VOO)**: VOO currently has a dividend yield of around 1.2% (as of my last update). Dividend yield represents the annual dividend income per share divided by the current share price. This yield can fluctuate based on the dividends declared by the companies in the S&P 500 index, which VOO tracks. * **Interest Rate (HYSA/Treasury Fund)**: HYSA interest rates and Treasury fund yields are typically expressed as annual percentage yields (APY). As of recent times, HYSA rates have been in the range of 0.5% to 2% APY, while Treasury funds like TTTXX might offer yields slightly higher, depending on the duration and type of Treasury securities held. 2. **Risk and Return**: * **VOO**: Investing in VOO involves owning shares of a diversified portfolio of large-cap U.S. companies. While dividends provide income, the value of your investment can fluctuate with market movements. VOO historically offers the potential for higher returns over the long term compared to cash equivalents like HYSA or Treasury funds, but it also carries market risk. * **HYSA/Treasury Funds**: These options offer lower returns but are generally considered safer because they involve lower risk of principal loss. They are backed by FDIC insurance (for HYSA) or the full faith and credit of the U.S. government (for Treasury securities). 3. **Comparison Considerations**: * **Income Generation**: VOO's dividend yield can provide additional income beyond capital appreciation, potentially outperforming cash equivalents like HYSA or short-term Treasury funds over time. * **Volatility**: VOO's price can be volatile, and dividends are not guaranteed. In contrast, HYSA and Treasury funds provide stability in value but with lower returns. 4. **Investment Objectives**: * If your goal is to preserve capital with minimal risk and immediate liquidity needs, HYSA or Treasury funds might be more suitable. * If you have a longer investment horizon and can tolerate market fluctuations, VOO could offer higher potential returns through a combination of capital appreciation and dividends.
TTTXX is the favorite among Merrill users. I personally use it in my Merrill taxable account, as it is mostly exempt from state income tax. In my tax advantaged account, I use PVOXX, which has a slightly higher yield, but isn’t tax-advantageous, as it invests in govt bonds as well as high quality corporate bonds.
It depends on the time frame. Bond funds are susceptible to interest rates, so if yields expand, bond holding values can go down. But in reality - in a fund like TTTXX, the weighted average maturity is only 42 days. So unless you plan to hold it for a very short time - there could be some minimal interest rate risk.
Can gov bond funds lose value? I have invested in stocks for nearly a decade but never bonds. I guess I have a basic beginner question: Can government bond funds like TTTXX loose value (other than the unlikely event of a government default)? Or it is pretty much guaranteed to go up? Also, am I correct that the profit from these investments comes not from the appreciation on the principle amount invested, but rather from coupon payments? Or does the fact that it is a fund instead of a single bond change that?
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.
I have 225k in TTTXX (treasuries only fund) and long term safe places plus 30k in cash. I then have about 70k in Robinhood just to play around shorter term with individual stocks. I started that about a week ago…bad timing I guess. I have 20k in SPY, and 10k each in: -PVH -PFE -MSFT -TSM -NOVA Everything is down. NOVA is way down. The first several days I kinda freaked out at every rise and fall. Now I’m thinking to just stop worrying so much and just stick with these and ride the rises and falls for a while. This is my “play” money and part of my mindset is I want to invest in companies I believe in (hence NOVA for solar, TSM to support my former home Taiwan, and not investing in tobacco, fossil fuels for example) but I still want to gain and hopefully beat the market. I feel like despite being a novice I researched these stocks pretty decently and feel like they have good prospects. But the pain from NOVA especially has me questioning my life choices a bit. Any tips from the more experienced among you?
High yield savings account. Currently interest is above 5% with no risk in many of these accounts. https://www.nerdwallet.com/m/banking/standout-online-savings-accounts-2?bucket_id=Primary+LP+Broad&gad_source=1&gbraid=0AAAAADNEjT0g9ObMFe63pQB_SIFTroX39&gclid=CjwKCAjw8diwBhAbEiwA7i_sJVRfueDy7VCcAIKq4w9xPaAHiBfaQWXX7bjfyR6bCHAvx4v7_SqZlxoCK3EQAvD_BwE&gclsrc=aw.ds&mktg_body=2981&mktg_hline=19283&mktg_place=kwd-29332504915&model_execution_id=84F00C39-56DD-42C9-A7F9-76C967B39706&nw_campaign_id=1484895&utm_campaign=bk_mktg_paid_010123_banking_online_broad&utm_content=ta&utm_medium=cpc&utm_source=goog&utm_term=best+online+banks+for+savings. Not sure if they’re available in Switzerland though. If not, you can invest in a treasuries fund like TTTXX for a similar return with low risk. https://www.blackrock.com/cash/en-us/products/282697/blf-treasury-trust-fund
Go to vanguard or fidelity and put it in the S&P 500 ETF or Mutual fund. Long term it will do much better than TTTXX, short term, who knows.
It’s wild to me that in a thread where you explicitly said you are looking to invest and already have your money in a treasury trust fund (TTTXX) that has a 30 day yield of 5.1%, the top voted comment is “stick it in a HYSA or T bills”. Seems like they didn’t even read your post. Anyway, your decision is sound if you go into it with the understanding that you may not have positive returns in the next decade. VTSAX/VTI are popular total stock market funds that have low expense ratios. I have FSKAX because I have a fidelity account. SPY is fine but total market funds like VTI/FSKAX will capture the small/mid cap and then you don’t have to mess with the 70/30 choice.
TTTXX has a 7 day of 4.94% and 5.3% in TBills. It’s an institutional fund I have access to. I been taking the monthly dividends and putting into another institutional mutual fund monthly which is what I view as my money working for me. Then I match it with my money from my paycheck.
No, I mean... SGOV yields about 5.4%. FSIXX/TTTXX/FRSXX yield about 5.2%.
> Why buy SGOV when money market yield is the same? Why buy a money market when SGOV yield is the same? Basically the same thing... except if you have state income tax then SGOV should have about a .2% advantage over state tax exempt money market funds like FSIXX/TTTXX/FRSXX.
Also could ask at r/MerrillEdge/ TTTXX is normally the best choice if you pay state income tax and your money is an investment account and not an IRA.
I have mine in TTTXX which was returning around 5% when I put the money in.
Serious question, why do this instead of just putting the money in something like TTTXX?
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.
Sorry to bother again—does TTTXX's topline listed yield include ER the way they do on Fidelity? I can't seem to find it from the website.
At Merrill, Preferred deposit is fully taxable and a lower yield than the TTTXX money market fund (5.2% currently) which is state tax exempt. Preferred deposit is more for liquid cash rather than two year holds. https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf Similarly at Fidelity, FRSXX and FSIXX are state tax exempt with about that 5.2% yield.
> sitting mostly in cash in BoA As others have said, put the money in the market, but if you want to hold cash, open a Merrill account at BofA and put it in the TTTXX state tax exempt money market fund or the SGOV etf, also state tax exempt (or similar choices). Both yield over 5.2%+ with no risk beyond USA or Blackrock failure.
I own EPGAX and contribute to that one fund. I got all loads waived. I am subject to pre trade clearance and the compliance person is a bitch to deal with. By the time she approves me the moment is gone. So I just automate it with TTTXX monthly pay out schedule. I’m content with my EPGAX returns.
Thanks for the tip! but I live in a state with no state income tax anyway. Does the TTTXX money market fund require a holding period for the money?
If you have BofA/Merrill, use the TTTXX money market fund. It isexempt from state income taxes and functions like a bank account, returning a 5.23% yield currently. Merrill offers other money market funds too https://olui2.fs.ml.com/publish/content/application/pdf/gwmol/iccratesheet.pdf
Add SGOV to your consideration. Doesn't Schwab have something better than SNSXX, more like FRSXX, FSIXX or TTTXX? I'd also recommend keeping a token amount in SWYXX or at least keeping track of it.
> 1.5m alone in a high yield savings account will net you what? 150k a year on 5% rates? 5% of $1.5M... $75k. But the point still stands. Don't hold cash. t-bill/TTTXX/HYS/CD's a chunk of it so you're not losing money on it from inflation.
I'm 52 and I'm living off my portfolio. So is my risk exposure low, medium or high? The problem with the guaranteed ~5% t-bill/equivalent is that it _still_ doesn't typically beat inflation over time. Also if you compare ~5% vs 10% S&P average, you're losing about half the return for your low-risk. All that said, I'm about ~32% `TTTXX` because ATM of my life, the low-risk is worth more to me than a chance at +5% gains that could just as well be -5% this next year.
TTTXX at Merrill is currently 5.23
SGOV, BIL invest in t-bills with very short duration. As ETF’s they settle T+2. I have TTTXX through Merrill and the cash balance is available for transfer T+1. Also have VUSXX in a JPM account, and the cash balance is available T+2. BILS and SHV have longer effective durations around 3-4 months.
Check out TTTXX. You can buy them on ML.
Why not use a treasury only MMF? I use TTTXX. It yields ~5.22% and rising.
I use $TTTXX. Short term gov bonds. You can sell up to 1:45 est and withdraw the money instantly to your checking acct with boa.
I've got my cash in both TTTXX and a Merrill Edge HYSA getting 5.02%. Was planning on investing with the interest monthly but not sure yet. Mostly saving for home purchase next year.
I'd probably pull it and put it into a HYSA or TTTXX or something similar as a liquid emergency fund. If you don't need it and find work you can always reinvest.
What are you actually spending each year? * Assume your $360k is a 5% t-bill fund like `TTTXX`. * $360k * .05 = $18k/yr * $18k/12 = $1500/mo gross. * Total gross income: $42k I think your federal income tax would about $1.1k as of 2026. The standard deduction will be about $6925. You should consider posting over at r/financialindependence or r/retirement. And read their [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq/)s. Or try a simple [income tax calculator](https://smartasset.com/taxes/income-taxes). When you look up your SSA numbers, make sure it's set for "no additional income for all future years" when you use its calculator. You can scope out r/socialsecurity too.
Would it be a freeriding violation if I sell from a money market fund to add purchase power and buy a stock in the same day with that money, even if the fund would not actually execute until after closing? In this case because a MMF is T+1 while a stock/etf purchase is T+2, I do not believe so...but I would like to ask if anyone else can confirm or refute this. Sadly my broker doesn't have any good MMF sweep accounts that they count "as cash" to draw from so I am holding idle cash in Blackrock TTTXX and have to actively choose to sell.
there are MMFs such as TTTXX currently yielding 5.13%, mostly state-tax free. a big benefit is it's far more liquid than bonds, allowing you to use it for emergencies or very timely investing opportunities
There is no rush since you can a risk free 5% right now. Does your brokerage sweep into a money market giving you \~5%? If so, leave it there and start DCAing into VTI or VOO, if not buy something like TTTXX or VUXXX and get that sweet 5%, selling some each week/month to DCA into VOO.
TSTXX and TTTXX are good options at Merrill. TSTXX has a higher yield but is >80% repurchase agreements, so it is not state tax exempt, it also has same day for orders placed by 4pm. TTTXX is all Treasury Bills/floating rate notes, has about .4% lower yield, and has a 1:45pm cut off.
If you give up a little yield, there’s no NAV risk in government money market funds like TSTXX (Treasury and repo) or TTTXX (all Treasury). A .5% difference in yield on my cash isn’t what’s going to make or break my wealth.
I also use Merrill. The interest accrues daily on funds invested in TTTXX, but this happens in the background and the investment balance remains static throughout the month. The interest posts on the last day of the month as a dividend payment, and then it is automatically reinvested back into TTTXX. I’ve found that redeeming/withdrawing funds takes 1-3 days to post and become liquid cash. Hope this helps!
Hans, I was looking TTTXX through Merrill. How is the interest earned? After I purchase the mutual fund, is the interest accrued daily? I have some periodic payments that I don’t want to worry about monthly triggers. Thank you.
Is it wise to store cash in a money market fund right now, or is there a danger due to recent activity? Particularly looking at TTTXX through Merrill.
I know very little about money market funds. I was looking at parking my cash in something considered very safe like TTTXX through Merrill. With treasury yields fluctuating so dramatically lately, is that a good idea? Or would those fluctuations cause more risk than reasonable for such a fund?
TTTXX Blackrock Treasury Trust Fund
Sure. There are plenty of places. I'm using TTTXX, and the rate has been continually increasing every week. It was worth it to move the money from my HYSA earning 3.5%.
Given Robinhood's past behavior, I am not sure I would want to hold $200k there. I believe it is FDIC insured though. But don't quote me on that. That's just my personal preference. And no, MM funds are liquid and you can get your money out in a day if you put in the sell order by a specific time. I hold TTTXX at Merrill Lynch and if I sell the fund by 1:45pm I will have the cash the next day. And the yield on that fund continues to rise as the Fed raises rates.
I'd rather invest it in a treasury only money market fund like TTTXX which is yielding ~3.46% and rising.