aggiebrad16 said:

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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

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

aggiebrad16 said:

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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

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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?

Just look at the yield

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

Diggity said:

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Just look at the yield

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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%

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

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....?

the last three times I have purchased corporate bonds..

they have all been called a few months later!

I am trying to lock in for several years something that will return a guaranteed rate without worrying about the principal and doing better than the cost of inflation.

any other ideas for fixed income I can lock in for 5 and 10 years?