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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (62670)	10/10/2019 9:05:54 AM
From: E_K_S	1 Recommendation Recommended By OldAIMGuy Read Replies (1) \| Respond to of 78481

RE: Money Funds and What's inside - SWVXX Schwabd's Money Fund ( link to complete SWVXX Report) I was surprised to see all the Foreign Bank paper in the SWVXX (top 10 holding). But after some thinking, maybe it's better than having too many too-big-to-fail banks in the basket. Also could allow more diversification holding non-US currency paper. Remember FED will allow 'cash' at the Repo-Window using 'any' tier one asset. So I see no problem w/ liquidity w/ the paper they hold (at least for now). The duration is small too. However, the composition in most/all Money Funds are VERY different now than say before the 2011 Recession. EKS

To: OldAIMGuy who wrote (62670)	10/10/2019 10:24:46 AM
From: Spekulatius	1 Recommendation Recommended By Jurgis Bekepuris Respond to of 78481

Fidelity seems better than Schwab in terms of interest earned and margin rates. It matters because I often hold significant cash. When I rarely use margin and if so to typically to eliminate currency risk when I trade on foreign exchanges with Interactive brokers - I have negative foreign currency balance offset by positive USD. My Fidelity cash is held in SPAXX and earns currently 1.57% (it was higher earlier in the year). Just for fun, my last cash earnings from this holding was $271, which pays for quite a few commissions. Wells Fargo didn’t pay anything on cash and foremost the user interface sucked and customer service sucked. With the advantage of the 100 free trades gone, I see no reason to deal with them any more.