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To: Julius Wong who wrote (8076)6/9/2025 9:30:50 AM
From: Kirk ©3 Recommendations

Recommended By
John Carragher
Julius Wong
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  Respond to of 8239
 
Why don't you move the funds to Fidelity or Vanguard where you can get over 4% on money market accounts?
I am retired. My savings account pays almost nothing.

If you want the equivalent of FDIC, buy short term US Treasury bonds that are state tax free.

wsj.com

You can build a US Treasury ladder from 1-month to 30-years and get over 4% for each.
wsj.com




To: Julius Wong who wrote (8076)6/9/2025 4:37:28 PM
From: Tweets Boar Hog  Read Replies (1) | Respond to of 8239
 
Maybe look into banking at Sofi?

I am considering it. Have some fixed asset CD roll overs to ponder.

I think LT rates gonna keep heading up, but for personal reasons don't like the present CD terms. Sofi offers something in the middle or more. Capital One seems a bit similar. Last I checked Sofi rates just below 4 %.

Things evolve, I like what Sofi is doing. I hold quite a bit of Sofi stock, no complaints really got in at the bottom. Kind of hard mentally to change my banking, to a bank that is headquartered 3000 plus miles from where I live, with no local offices, or no offices really. But it seems to be heading that way, like I do a lot of business these days with Amazon, no problems.

Not pumping Sofi, my read on Sofi chart is much higher.

Tweets



To: Julius Wong who wrote (8076)6/10/2025 7:38:36 AM
From: Rarebird  Read Replies (1) | Respond to of 8239
 
Not sure who your broker is, but I put unused cash in my Schwab account in one of their money market funds yielding around 4% and when I need the cash to cover a trade, I sell what is needed in the money market fund. Nice little boost at the end of the month.