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Tafkam Hokie
Joined: 10/07/1999
Posts: 40,227
Likes: 21,984
Tafkam Hokie
Founder Subscriber

Two reasons

1 - That's not materially different than the money market account at Fidelity I have. 2 - I'm old and can't wrap my brain around splitting my money up with too many different institutions. I've got financial dealings with USAA, Chase, Fidelity, Vanguard, and treasurydirect.gov. That's spread about as thin as my feeble brain can keep up with.
Posted: 10/04/2022 at 12:44 PM ET
(In response to this post by MP4VT2004)

Thread Replies (30)

Full Thread →
Q for investor types. What to liquidate for cash?
Tafkam Hokie • 10/03/22 01:48 PM ET
Gotta factor in tax consequences in this discussion. **
Hokebury • 10/04/22 12:28 PM ET
Can't really answer your question, but WRT to cash in savings...
MP4VT2004 • 10/03/22 07:55 PM ET
My non-retirement money is in
Tafkam Hokie • 10/04/22 10:52 AM ET
Why not open an Ally savings account? Currently paying 2.10% interest..
MP4VT2004 • 10/04/22 11:39 AM ET
Two reasons ◄
Tafkam Hokie • 10/04/22 12:44 PM ET
I can certainly understand that.**
MP4VT2004 • 10/04/22 01:08 PM ET
I've got some I-bonds earning 9-10% right now. Of course, that rate gets
WVHokie84 • 10/03/22 10:52 PM ET
I bonds adjust their rate every 6 months, not every month. And yes, I got
Tafkam Hokie • 10/04/22 09:15 AM ET
Yeah, I've been meaning to sink some cash into an I-bond.
MP4VT2004 • 10/04/22 07:59 AM ET
Yep..$10k/year...**
WVHokie84 • 10/05/22 12:42 AM ET
Generally, yes. Although you can exceed that limit if you use a federal
Tafkam Hokie • 10/04/22 09:16 AM ET
Sell blood, sperm or a kidney? **
FfxStationHokie • 10/03/22 03:16 PM ET
I'm saving aluminum cans myself. Might have enough for a McD's value meal.**
WVHokie84 • 10/03/22 10:58 PM ET
An arm and a leg? **
HokieGator • 10/03/22 07:19 PM ET
Do you really think anyone who spends much time in the Lounge
Tafkam Hokie • 10/03/22 03:40 PM ET
Truth!**
FfxStationHokie • 10/03/22 03:44 PM ET
Selling low is not a good strategy...unless the floor is still a long way
Hokiehouse7 • 10/03/22 02:56 PM ET
I agree. And I'm not touching my 401k investments.
Tafkam Hokie • 10/03/22 03:09 PM ET
My dudes normally recommend not making financial moves to pay
Hokie1992 • 10/03/22 02:33 PM ET
Aim for net of zero long term capital gains by selling gainers and losers
GOHOKEE • 10/03/22 02:17 PM ET
Don't think I've got enough gains to offset losses
Tafkam Hokie • 10/03/22 02:22 PM ET
You can claim 3K in losses if married. If losses exceed 3K on your sale,
GOHOKEE • 10/03/22 02:49 PM ET
is the blow laced with Fentanyl? if so sell at a lose. **
VT Pez4Life • 10/03/22 02:10 PM ET
Invest in french benefits**
Happy Dog • 10/03/22 02:08 PM ET
If you have gains you can offset then maybe you sell some losers for the
vt90 • 10/03/22 01:54 PM ET
I'm honestly not sure I ever recall selling at a loss before...are losses
Tafkam Hokie • 10/03/22 01:57 PM ET
I am no CPA but you can only deduct losses to offset capital gains BUT ...
vt90 • 10/03/22 01:59 PM ET
3,000 per year loss and carryforward indefinitely.**
Hokiehouse7 • 10/03/22 02:57 PM ET
This, that is, you need to match up captial gains to losses
`lag • 10/03/22 06:05 PM ET
If you have to sell, take the tax loss harvesting **
MAGRIFF1 • 10/03/22 01:53 PM ET