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FDRXX

Posted on 6/5/18 at 1:21 pm
Posted by KillTheGophers
Member since Jan 2016
6209 posts
Posted on 6/5/18 at 1:21 pm
I need to park some cash for a couple of years - little to no risk and somewhat liquid. This will be in a Fidelity account.

FDRXX is catching my eye but I defer to and seek the knowledge of the TDMB.

TIA
Posted by gpburdell
ATL
Member since Jun 2015
1419 posts
Posted on 6/5/18 at 3:51 pm to
In my various Fido accounts, the core account option is either SPAXX or FZFXX. Those two and FDRXX have about the same yield of 1.4%. Though, I don't like alot of money just sitting around in cash/money market accounts.

I keep my emergency fund like this. 1/3 in FZFXX and 2/3 in short term corp bond fund (VCSH - yielding 3.3%). I'm ok with the risk that the corp bond price could drop.

If you want no risk, you could also look at 1 year CDs which are over 2% now.
Posted by KillTheGophers
Member since Jan 2016
6209 posts
Posted on 6/5/18 at 4:26 pm to
Thanks

I need to keep this cash liquid and in Fidelity if at all possible
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 6/5/18 at 10:01 pm to
Buy Treasury Bills through Fidelity.

Ladder them up.

I bought a 6-month T-bill several weeks ago @ 2.13%.

I have 1 month, 3 month, 6 month and 1 year. No state taxes on earnings.

And, rates will go higher on 6/13 when the Fed meets to raise interest rates by .25.
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