JHZR2
Staff member
Yeah but a good rate on $2500 is still a good rate. That’s why I said maybe I’ll give each of my kids $2500 in an account.
*Investors Blog*
- Thread starter Warstud
- Start date
Exactly. But rather than move the usual $4000-$5000 monthly over to Fidelity*, just divert $2500 to that small savings account. Easy for US since it's our local checking account. Otherwise we use Fidelity as our "bank"
https://www.wecu.com/
To set up a new account? Well I probably would pass as well.
*As a side note tip (unrelated), it's much easier to PULL the money (when in Fidelity) to Fidelity than push from the credit union to Fidelity while in the CU account.
I get it, but a lot of hassle IMHO for an extra ~1%. Effectively $25 a year. If I had only $2,500 to park, maybe. But if I had $25K to park I'm not opening 10 accounts (and it looks like one account per member anyway). And the rate on anything over $2,500 is a nonstarter.Yeah but a good rate on $2500 is still a good rate. That’s why I said maybe I’ll give each of my kids $2500 in an account.
But hey I also do silly stuff for a couple of extra bucks in savings/interest from time to time.
I stated the only reasonable case to do this, and even then, does $2500 make a lot of sense? Maybe smarter to use $2400, because the monthly interest won't even compound at the high rate if you start at the max. Silly thing.I get it, but a lot of hassle IMHO for an extra ~1%. Effectively $25 a year. If I had only $2,500 to park, maybe. But if I had $25K to park I'm not opening 10 accounts (and it looks like one account per member anyway). And the rate on anything over $2,500 is a nonstarter.
But hey I also do silly stuff for a couple of extra bucks in savings/interest from time to time.
As an aside - I have a treasury direct account and they move money in either direction same day run on batch at the end of business. Since it's all the same interbank system there can be no other conclusion other than these commercial banks are using our money as float if it takes more than a day.
You know it. Our movements are like pennies in the extra change jar, and they get the jar every time. It adds up.
I submitted a GRIPE to Fidelity. Their communications (email and texts) never include the actual ticker for a stock or fund. Just the extended name. I mean that's OK some of the time, but often the name does not match the latest name or have an alpha relationship to the ticker. Especially with CEFs.
I wonder if they will even respond!?
I wonder if they will even respond!?
My 401k is with them and there website has got to be the worst
I love their site. Better than most, but the 401K is not an area I have looked at for 3+ years, may be different.
Really? What’s so bad about it?
- Joined
- Nov 6, 2022
- Messages
- 339
You can make that much in a MM fund being held in your brokerage account, which is as liquid as cash and can instantaneously be moved into stocks. Your money is locked up in a CD. They ought to be offering much more, but most people are none the wiser.
Yeah pretty sure Z-OH-6 and others here know that - Z was just saying. But yeah most general pop are pretty clueless.
Not user friendly
Huh. I find it on par with other 401ks I have had from an interface but that’s just me.
I’ll add the choices I get in what to invest and various account options are great IMHO but that is more company based less Fidelity based.
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The CDs I've bought aren't technically locked-up. If you want the investment back there's a 1 month of interest penalty. Whenever I buy a CD (typically a short term), I know I'm not going to move it, so never an issue for me. If I absolutely needed the money for something like an emergency, then I'd pay the penalty.
Savings accounts,
5% no strings except has to be have $5000
Or
4.65% no strings, except has to have $100
https://www.cit.com/cit-bank/bank/savings
So here we are again, my Roth what I call conservative spec account.
Purchased GM 2-13-24 currently up 17% in the last 6 weeks. Last year a few trades with this, once good, second time I held to long and broke even.
Now at that magic number or close to it. My gut says to hold this time. GM is being awfully outspoken on how strong sales are (Ford too)
So going to hang in there, wonder if it will test its high of 2021 or even come in somewhat in-between where it is now.
Interesting times. GM is 27% of my portfolio right now and WMT @72% is the rest.
WMT percentage of gain is over 70% BUT at the same time I bought GM 2-13-24 I rounded out my WMT holdings before the split so that brings the number down as its averaged in.
Easy to make money in an up market, trying to know when it is going to end so you can protect those unrealized gains is another. Though I think we have some room to grow ?? Anyway, plan is to hang in there and get more greedy... (maybe)
As of midday 3-27-24
Purchased GM 2-13-24 currently up 17% in the last 6 weeks. Last year a few trades with this, once good, second time I held to long and broke even.
Now at that magic number or close to it. My gut says to hold this time. GM is being awfully outspoken on how strong sales are (Ford too)
So going to hang in there, wonder if it will test its high of 2021 or even come in somewhat in-between where it is now.
Interesting times. GM is 27% of my portfolio right now and WMT @72% is the rest.
WMT percentage of gain is over 70% BUT at the same time I bought GM 2-13-24 I rounded out my WMT holdings before the split so that brings the number down as its averaged in.
Easy to make money in an up market, trying to know when it is going to end so you can protect those unrealized gains is another. Though I think we have some room to grow ?? Anyway, plan is to hang in there and get more greedy... (maybe)
As of midday 3-27-24
The regular Fidelity is light years ahead of schwab. Maybe the 401 interface is different?
The TD ameritrade was better than either. They dumped it. Figures.
