![]() ![]() How liquid are these? If I need the cash how long would it take to sell them (I assume I could liquidate some/all on the open market) and get it into a MM in the same account? I want it to be completely liquid where fidelity would draw from it to cover charges to a checking account. In my Fidelity CMA, I keep $5k in FDLXX and the rest of my 6 month EF in auto-rolling treasury bills (they auto-renew automatically). To see how the TEY was calculated, please take a look at Kevin M's thread: You could keep it simple with three bills that mature every month. For example, a 3 month T-bill has a yield of 2.36% and its state tax free. What's the purpose of the $30K? That is, how liquid do you need to keep it? You can effectively make your own money market fund using a Treasury Ladder and get much higher yield. How do I pick the highest yielding money market fund to use as a sweep account for my checking at FIdelity CMA? I'm in the 35% tax bracket with a 5% state tax. I may do T-bills instead of money market funds. I am sure it is easy to do, but I am still working on understanding the process. I am having trouble figuring out exactly how to buy T-bills through Fidelity. He says the research indicates this is much more resistant to downturns than intermediate or long bonds and holding the T-bills can add. Jonathan Guyton recommends holding at least half of one's fixed income investments in very short term T-bills-3 or 6 months. I want to have two to three years of safe money so that I don't have to sell equities during down periods of three years or less. My purpose is to have a safe buffer for my equity investments as I begin my withdrawal stage soon. Since I posted my original question, I also discovered that if you have certain types of fidelity retirement accounts, you can buy into FNSXX, yielding 2.12, and that usually has a $10 million minimum, with amounts of only $500! But i only have one account that qualifies and I need to buy more safe money than I have in that account. These are all excellent and very helpful suggestions-thank you very much. ![]()
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