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re: IMO, best place to park cash...

Posted on 4/11/23 at 8:55 pm to
Posted by slackster
Houston
Member since Mar 2009
84871 posts
Posted on 4/11/23 at 8:55 pm to
quote:

The Obama laws concerning the offshore banking and assets which were upheld in the courts.


Like what, specifically?
Posted by turkish
Member since Aug 2016
1749 posts
Posted on 4/17/23 at 6:43 pm to
Can you help me understand this more? Are the earnings derived only from the monthly dividend? I’m not familiar with these treasury-based etfs.
Posted by thelawnwranglers
Member since Sep 2007
38782 posts
Posted on 4/17/23 at 8:13 pm to
Why not just buy treasuries

3 month was 5.10 today
Posted by slackster
Houston
Member since Mar 2009
84871 posts
Posted on 4/18/23 at 5:59 am to
quote:

Why not just buy treasuries


Because you get more interest from the FRNs.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 4/18/23 at 6:19 am to
Those are basically packaged treasuries and are better than CDs.

One word of caution—the interest paid by an ETF is not going to be exempt from Louisiana income tax like buying a treasury would be. You can buy treasuries through your broker and they are very liquid.
Posted by slackster
Houston
Member since Mar 2009
84871 posts
Posted on 4/18/23 at 5:09 pm to
quote:

One word of caution—the interest paid by an ETF is not going to be exempt from Louisiana income tax like buying a treasury would be.


I’m about 99% positive that is incorrect.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 4/18/23 at 8:18 pm to
You are correct in most cases. One needs to be sure the 1099 issued by the ETF states it is income from treasuries as I would suspect they would do.
Posted by AirbusDawg
Milton, Ga
Member since Jan 2018
2305 posts
Posted on 4/20/23 at 1:05 pm to
I park my cash in a safe at my house.
Posted by Big Scrub TX
Member since Dec 2013
33403 posts
Posted on 4/20/23 at 1:22 pm to
quote:

Can you help me understand this more? Are the earnings derived only from the monthly dividend? I’m not familiar with these treasury-based etfs.
The underlying holdings are these 2 year treasury FRNs, but the rate is set weekly at the bills auction.
Posted by turkish
Member since Aug 2016
1749 posts
Posted on 4/21/23 at 9:43 am to
But the 4.75% you mentioned is specifically from the monthly dividend that my USFR would pay out. Is that right?
Posted by Konkey Dong
Member since Aug 2013
2164 posts
Posted on 4/21/23 at 2:22 pm to
This is 100% a false statement for the etfs we are talking about
Posted by Big Scrub TX
Member since Dec 2013
33403 posts
Posted on 4/24/23 at 11:31 am to
quote:

But the 4.75% you mentioned is specifically from the monthly dividend that my USFR would pay out. Is that right?
Yes, although it's well up over 5% now.
Posted by Big Scrub TX
Member since Dec 2013
33403 posts
Posted on 5/1/23 at 11:35 am to
5.3% as of today's auction.
Posted by DaBeerz
Member since Sep 2004
16924 posts
Posted on 5/1/23 at 12:59 pm to
Apple Card savings account 4.15%
Posted by coonasstiger
Metairie
Member since Oct 2007
96 posts
Posted on 5/1/23 at 2:28 pm to
thx for this thread. saw ur post and moved quite a bit into it and getting an extra 1%+ on it. the beauty of information from TD strikes again
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31113 posts
Posted on 5/2/23 at 7:08 am to
quote:

How is that better and how do you find the ones that are always paying the most?


Wealthfront
Posted by Big Scrub TX
Member since Dec 2013
33403 posts
Posted on 5/31/23 at 6:04 pm to
Just north of 5.5% this week I believe.
Posted by turkish
Member since Aug 2016
1749 posts
Posted on 7/22/23 at 5:13 pm to
We still liking USFR?
Posted by turkish
Member since Aug 2016
1749 posts
Posted on 8/18/23 at 5:49 pm to
How are you determining the 5.x% figure? Yields I’m seeing are around 4.2. I’m clearly missing something obvious.
Posted by bovine1
Walnut Ridge,AR via Tallulah,LA
Member since Dec 2004
1280 posts
Posted on 8/18/23 at 8:57 pm to
According to Morningstar the current SEC yield is 5.3%. The 4.25% yield is for the last 12 mo. period. Expense ratio is .15%.
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