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#19,551
#19,551
I’d like to hear if anybody has thoughts on cash sweeps other than Fidelity (I’m happy with Fidelity’s rates and automatic sweep).

With E-trade I have to keep a separate account to move idle cash to for a market interest rate. It’s a PIA to move it over to the brokerage account to make equity trades and vice versa.

With Schwab I can’t find an option that pays better than about 1/10th of a percent on cash sweeps. I might use a short term ETF to stash cash.
 
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#19,552
#19,552
Thanks everyone. I think I opened an account with Fidelity at some point, I will check to see if I still have. I would 100% be using mobile.
 
#19,553
#19,553
I have Fidelity for a brokerage account within my 401k. Like it a lot. Had TD Ameritrade as my own brokerage account which was folded into Schwab. I like Schwab as well, although it’s a little more clunky than Fidelity.
 
#19,554
#19,554
Thunder Good-Oil said:
I’d like to hear if anybody has thoughts on cash sweeps other than Fidelity (I’m happy with Fidelity’s rates and automatic sweep).

With E-trade I have to keep a separate account to move idle cash to for a market interest rate. It’s a PIA to move it over to the brokerage account to make equity trades and vice versa.

With Schwab I can’t find an option that pays better than about 1/10th of a percent on cash sweeps. I might use a short term ETF to stash cash.
Click to expand...
Same boat. It’s probably less efficient, but I do keep more cash in a money market fund that’s getting 3.68%+ for capital preservation and the rest in my sweep for immediate access. I can move that cash into my sweep within a day and it’s never been an issue. I do that for both my Fidelity and Schwab accounts. Would be nice if they offered a better rate on sweeps, but that’s easy enough as far as I can tell for now.
 
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#19,555
#19,555
Vol737 said:
Same boat. It’s probably less efficient, but I do keep more cash in a money market fund that’s getting 3.68%+ for capital preservation and the rest in my sweep for immediate access. I can move that cash into my sweep within a day and it’s never been an issue. I do that for both my Fidelity and Schwab accounts. Would be nice if they offered a better rate on sweeps, but that’s easy enough as far as I can tell for now.
Click to expand...

Other than making it difficult to sweep uninvested cash into an interest bearing account, I don’t like the way that Fidelity displays open orders with a current price. I have to either jump out of the order screen to get to a quote and if it’s an option I have to remember the details and have to find the contract. Or if it’s an open order I need to click on REPLACE ORDER to see the bid/ask. With Schwab the bid/ask is displayed in real time just by looking at the order - 2 fewer steps.
 
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#19,561
#19,561
#19,563
#19,563
Is there anything to AI assisted investment pics or is it a scam where they only talk about the 1 that hit and not the 100 that didn't?

Admittedly, I know very little about investing, but I love reading all of your posts.
 
#19,565
#19,565
Go aeiou said:
I've looked at VGs FP program. The knock on it is that dividends in a taxable account (non IRA) become ordinary income, not qualified dividends.

I've only read this. No personal experience/
Click to expand...

Fidelity does give you a 27% bonus to make up for the tax difference. In a state like TN with no state income tax, you should come out ahead...

1000011416.jpg
 
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#19,567
#19,567
Lawmakers need to pull their head out of the posterior end of their anatomy. While they’re making massive profits on insider trading, a traditional IRA contribution limit is a mere $7K, $8K if you’re over 50. Recent inflation means this paltry limit is completely insufficient. That bovine feces needs to be pushed up to $12K to $15K. I don’t get the tax break of investing in a traditional IRA, but still have one along with my non tax advantaged regular brokerage account…so I just make sure if I sell something it’s either at a calculated loss before years end to catch the tax break or has been held for a full year so I only pay LT cap gains on it.
 
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#19,568
#19,568
Vol737 said:
Lawmakers need to pull their head out of the posterior end of their anatomy. While they’re making massive profits on insider trading, a traditional IRA contribution limit is a mere $7K, $8K if you’re over 50. Recent inflation means this paltry limit is completely insufficient. That bovine feces needs to be pushed up to $12K to $15K. I don’t get the tax break of investing in a traditional IRA, but still have one along with my non tax advantaged regular brokerage account…so I just make sure if I sell something it’s either at a calculated loss before years end to catch the tax break or has been held for a full year so I only pay LT cap gains on it.
Click to expand...

You get to reduce your current year taxable income by how much you contribute to Traditional IRA**

If you are in 25% bracket and you contribute $4,000, you get a tax break worth $1,000 this year...

** Subject to income limits
 
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#19,570
#19,570
@1RBFjr said:
My broker suggests I look at NBIS. Anyone own or follow it?
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Not familiar with them but definitely working in an area of high interest these days.

Software is a hard category for me to gauge, monitor, manage.

Software guys are always 90% complete but the last 10% takes up half the time/money...lol!

Bunch of fibbers if you ask me.
 
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#19,571
#19,571
YankeeVol said:
I'm looking for my next thing to buy.

I made about about 30% off both Ford and Smith&Wesson last year
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Drone military aircraft. AVAV and KTOS.

CMG and UPS have had hard falls. UPS might finally be getting their driver’s union gouging behind them plus the price of petro is a positive. They still have a lot of vehicles to buy to replace those that aren’t air conditioned though. The CMG CEO is a major downgrade. Plus their menu is crazy expensive right now.

MTH builds entry level homes, but it might take another year to get housing moving.

FIG and BLSH took big dives after expensive IPOs. Perhaps the buying frenzy will return.

UBER. Old people need rides.

XLV and the leveraged CURE ETF. Healthcare can’t stay under pressure forever. Vanguard has a healthcare ETF as well.

CRWV is NVDA light.

MSTR and BLSH will soar if Bitcoin rallies.
 
#19,575
#19,575
Thunder Good-Oil said:
I’d like to hear if anybody has thoughts on cash sweeps other than Fidelity (I’m happy with Fidelity’s rates and automatic sweep).

With E-trade I have to keep a separate account to move idle cash to for a market interest rate. It’s a PIA to move it over to the brokerage account to make equity trades and vice versa.

With Schwab I can’t find an option that pays better than about 1/10th of a percent on cash sweeps. I might use a short term ETF to stash cash.
Click to expand...
I roll all the cash in my Schwab account into SWVXX money market ETF that’s currently paying around 3.5%
 
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