Re:Ditch Banks – Go with Money Market Funds and Treasuries
by fny on Friday August 16, 2024 @12:17AM
(#41263125)
You're right only state and local.
Re:Ditch Banks – Go with Money Market Funds and Treasuries
by lyrrad on Friday August 16, 2024 @12:05AM
(#41263081)
Note that BOXX had a capital gain distribution this week. It's unclear what portion of future growth will be distributed.
Re:Ditch Banks – Go with Money Market Funds and Treasuries
by loeg on Friday August 16, 2024 @01:41AM
(#41263477)
Huh, do you know why? Significant outflows?
Re:Ditch Banks – Go with Money Market Funds and Treasuries
by xhrpost on Friday August 16, 2024 @07:54PM
(#41271371)
Looks like it made some extra profit due to the volatility bump we just had.
https://www.reddit.com/r/investing/comments/1eremcy/comment/...
For tax advantage, I've recently found out about BOXX. You get roughly the same growth as a typical HYSA, but the value is added as actual value to the stock rather than dividends. So if you hold for at least one year, you can get HYSA interest but only pay capital gains tax.