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Re: Best current options for cash and STT's?

Posted: Mon Oct 26, 2020 11:09 am
by flyingpylon
sophie wrote:
Sun Oct 25, 2020 5:10 pm
You probably got lucky, pp4me. I have tried to sell bills/bonds several times. In one case I ran into a problem where I had bought a lot in an amount less than $10K, but the software insisted I needed to sell an amount of at least $10K. A few months later I was finally (after multiple attempts) able to sell it. In another case, I kept getting a message that the bond market was closed (even though it wasn't at the time).

Vinny, since I'm not in charge of Fidelity's customer service I can't tell you why phone calls take hours. Perhaps you should call them and ask.
I haven't had this type of experience at all. Last year I had some T-Bills on auto-roll and needed to sell part of the position. I logged on to fidelity.com, placed the order, and was warned that the sale would automatically cancel the auto-roll. The transaction was completed immediately, the auto-roll was canceled, and I transferred the funds to my bank two days later. However, the amount of the sale was greater than $10k. I don't recall seeing anything saying that there was a minimum transaction size but it's possible that there was and I dismissed it.

Re: Best current options for cash and STT's?

Posted: Wed Oct 28, 2020 10:47 am
by jhogue
Investors in online Ally bank CDs ( 5 year CD currently 1.00%) should take note of a thread over on bogleheads:

Ally has apparently ended its online early withdrawal option. Holders of CDs who want an early redemption must now call the bank and speak in person to a customer service rep. There are also complaints that the bank has effectively granted itself a float of investors’ cash by taking 1-2 business days to deliver proceeds of redeemed CDs to an checking accounts.

https://www.bogleheads.org/forum/viewto ... 0&t=328172

Re: Best current options for cash and STT's?

Posted: Wed Oct 28, 2020 10:50 am
by pugchief
jhogue wrote:
Wed Oct 28, 2020 10:47 am
Investors in online Ally bank CDs ( 5 year CD currently 1.00%) should take note of a thread over on bogleheads:

Ally has apparently ended its online early withdrawal option. Holders of CDs who want an early redemption must now call the bank and speak in person to a customer service rep. There are also complaints that the bank has effectively granted itself a float of investors’ cash by taking 1-2 business days to deliver proceeds of redeemed CDs to an checking accounts.

https://www.bogleheads.org/forum/viewto ... 0&t=328172
I saw this on another blog. This permanently disqualifies Ally for me as an option going forward. Super shady.

Re: Best current options for cash and STT's?

Posted: Tue Nov 10, 2020 6:40 pm
by Don
Rates seem to be rising suddenly. What are our options now?

Re: Best current options for cash and STT's?

Posted: Fri Nov 20, 2020 11:06 am
by Kbg
Assuming we assume we can predict, buy very short term instruments.