Long term hold - Page 5

gggmann

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In reply to aggiebrad16 • 7:12p, 11/18/24

AG

aggiebrad16 said:
Anyone passionate about a specific money market to park cash in their Schwab account? Looks like they have several to choose from. I figured I'd just choose SWVXX but was wondering if anyone else has other thoughts

SWVXX is fine. You can sell CSPs against the cash you have in it.

jamey

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In reply to aggiebrad16 • 9:21p, 11/18/24

AG

aggiebrad16 said:
Anyone passionate about a specific money market to park cash in their Schwab account? Looks like they have several to choose from. I figured I'd just choose SWVXX but was wondering if anyone else has other thoughts

How does that work, just buy SWVXX and it earns what?

When i look here
https://www.schwabassetmanagement.com/products/swvxx

Based on this, it's a daily distribution of

Daily Distribution $0.000366227

Net Expense Ratio: 0.340%

How do these two offset? Is the expense ratio divided by number of weeks in the year or something?

Bottom line, how long you gotta hold to break even?

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Diggity

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In reply to jamey • 9:56p, 11/18/24

AG

Just look at the yield

Brian Earl Spilner

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In reply to jamey • 10:10p, 11/18/24

AG

It pays 4.46% APY. You don't need to break even.

jamey

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In reply to Diggity • 10:13p, 11/18/24

AG

Diggity said:
Just look at the yield

So the yield and 0.35% expense ratio are both annualized numbers?

Only yield i found was this

7-Day Yield (with waivers)
As of 11/18/2024
4.46%

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aggiebrad16

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In reply to jamey • 4:53a, 11/19/24

AG

I think that means the yield of the past 7 days annualized.

jamey

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9:06p, 11/20/24

AG

Looks like I'm allowed to buy SWVXX in my self managed 401K fund so this is useful!

Some things I'm not allowed to buy in my self managed 401K fund, I guess because of certain types of dividends or taxes....?

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