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Message
re: 4 week Tbills went off at 5.96% this week
Posted on 5/12/23 at 9:51 am to I B Freeman
Posted on 5/12/23 at 9:51 am to I B Freeman
I use Fidelity and they charge no fess for buying treasuries at auction and you get the same yield as if you did it on TD. Also no fees for buying/selling on the secondary market. The only fee Fidelity charges is $1 for corp bonds.
The only difference is Fidelity requires minimum of $1,000 per transaction. I think TD you can buy increments of $100. Also, TD lets you schedule purchases ahead of the official announcement dates. With Fidelity, for auction purchases you have to wait till the official announcement. This only gives you a couple days to get your order in.
I actually prefer buying treasuries on the secondary market. You know exactly what yield you are getting ahead of time. With auction, you have no idea until the auction is over.
The only difference is Fidelity requires minimum of $1,000 per transaction. I think TD you can buy increments of $100. Also, TD lets you schedule purchases ahead of the official announcement dates. With Fidelity, for auction purchases you have to wait till the official announcement. This only gives you a couple days to get your order in.
I actually prefer buying treasuries on the secondary market. You know exactly what yield you are getting ahead of time. With auction, you have no idea until the auction is over.
0
Posted on 5/12/23 at 10:12 am to slackster
Also, the idea is you do have to put in the work to capture it every week - it could stay that way for awhile.
I agree that the $ amounts per discrete period can be shockingly low.
I agree that the $ amounts per discrete period can be shockingly low.
Posted on 7/19/23 at 10:22 am to I B Freeman
Been in ban land for trolling the Trump cult at the PT board.
I know some of you are interested in these Tbill rates from Treasury Direct. They still remain higher than CDs and have less risk. Investors can invest as little as $100 and the site is pretty easy to use.
One thing I have done is put some money in the 2 year floating rate notes (FRN). Those pay interest every quarter based on the highest yield of the 13 week bills during the quarter plus a small premium. You can sell the notes any time you wish by transferring them to your broker so unlike CDs there is no sale restrictions.
Here are the latest auctions.
[/img]
I know some of you are interested in these Tbill rates from Treasury Direct. They still remain higher than CDs and have less risk. Investors can invest as little as $100 and the site is pretty easy to use.
One thing I have done is put some money in the 2 year floating rate notes (FRN). Those pay interest every quarter based on the highest yield of the 13 week bills during the quarter plus a small premium. You can sell the notes any time you wish by transferring them to your broker so unlike CDs there is no sale restrictions.
Here are the latest auctions.
[/img]
Posted on 7/19/23 at 10:33 am to I B Freeman
quote:
Been in ban land for trolling the Trump cult at the PT board.
because you are a commie lovin, fair trade hatin, pro chinese hack.
run back to reddit and cry more about tariffs like last time. remember that?
This post was edited on 7/19/23 at 1:30 pm
Posted on 7/19/23 at 11:03 am to I B Freeman
welcome back Groomer of the democrat cult
Posted on 7/19/23 at 12:39 pm to I B Freeman
quote:
site is pretty easy to use
Site is terrible
Posted on 7/19/23 at 12:49 pm to thelawnwranglers
I haven't had any problems with the site.
Posted on 7/19/23 at 12:53 pm to I B Freeman
quote:
haven't had any problems with the site.
I am mostly fearful of it if I did
Posted on 7/19/23 at 1:06 pm to thelawnwranglers
I would not want to have to contact them for help!!! but it is safer than a broker or a bank even if those risks are small.
Posted on 7/19/23 at 2:06 pm to I B Freeman
Even after 24% tax, aren't t-bills still better than tax free bond fund?
Posted on 7/19/23 at 3:35 pm to Jmcc64
Depends on the fund but in almost all cases the answer is yes.
Interest from T-Bills are not subject to state taxes BTW.
Interest from T-Bills are not subject to state taxes BTW.
Posted on 7/19/23 at 9:55 pm to I B Freeman
I tend to use my brokerage accounts to buy bills and notes (for margin reasons), but the times I’ve used Treasury Direct, I haven’t had any issues either.
Posted on 7/19/23 at 10:58 pm to Jag_Warrior
Why not just buy TFDXX? Get close to 5% back and then get dividends off of any excess earnings?
Posted on 7/20/23 at 6:48 am to UASports23
I just use SWVXX. 7 day yield is 4.95%
Posted on 7/20/23 at 7:12 am to Jmcc64
quote:
Even after 24% tax, aren't t-bills still better than tax free bond fund?
Not really an apple to apples comparison as the vast majority of muni bonds are bought for intermediate to long time frames for tax free income. In those cases, the tax equivalent yield swings back to them vs treasury bonds. Tbills are all short term by definition.
Posted on 7/21/23 at 10:21 am to UASports23
a quarter of a point is lot of difference.
Is TFDXX interest free of State Income tax?
Is TFDXX interest free of State Income tax?
Posted on 7/22/23 at 4:46 pm to Fat Bastard
quote:
because you are a commie lovin, fair trade hatin, pro chinese hack.
run back to reddit and cry more about tariffs like last time. remember that?
You're an interesting one to throw stones, considering you don't even understand basic yields.
Remember this?
LINK
Guess where SGOV is six months later.
You are an ignorant, arrogant dumbass who contributes nothing of value to this forum. We would all be better off without your toxic waste.
Posted on 7/22/23 at 8:55 pm to thelawnwranglers
quote:
Site is terrible
The site is ugly, but it works just fine.
Posted on 7/23/23 at 9:18 am to bbap
Treasury Direct did not work good for me. Locked out permanently. My wife cleared an estate that held Ibonds there and they kept her in the dark the whole time. She finally got a check but there was zero communication from them and you can forget getting them on the phone.
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