My Book is Now on Amazon (How to Build Wealth More Effectively) English Version: https://www.amazon.com/dp/B0DSLT8SRZ …
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Back in pandemic days I’d check your channel daily for updates, it felt like the world was ending. Years later, I’m finding myself coming back for the same kind of honest good advice and guidance
Should I bother with any of these if I have 4.25% on a savings account
If you take your money out of SGOV later, will you have to pay taxes on it? I understand that I will need to do so on its dividends.
How about Fidelity Investments Cash Management Account?
Are these subject to tax gains?
You lost me at.."obviously these are safe because they are the US government "
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Seeeeeee YA!!!!
So in 1 yr you get 4% correct? So 100$ means $4 for the year? 1000$ means $40, but when sold, you get taxed on that 40. I suspect up to 25-30%, so in 1 years 1000 bucks should net you solid $30 for sure correct?
If so, its still not bad. Imagine putting $10,000, thats $300 for 1 year of leaving it alone. Meanwhile chase gives you like 2 pennies. Lol.
Well, you're paying taxes on any gains anyway. I'd rather keep it in a high yields savings or CDs because some CDs are 3 months as well at 4.5%.
Your video REALLY HELPED ME! Thank you! I don't comment usually, but this video was particularly timely for me. I'm a newer sub to your channel, but your wisdom & no frills delivery really appeals to me & I would think to others too! Keep the great content coming!
I don't like BlackRock at all. Any other options?
I am holding cash in my checking account, but it keeps getting spent.
Thanks for the informative video. If you park it in the 3 month treasury, do you have to redo it every 3 months or does it just rollover and stay in the 3-months t bill bucket until you make some other change?
Thanks again!
My savings account gives me 5% and it's not the government so I'm good
So SGOV, VBIL, VMFXX pretty similar in yield, ever so slightly expense ratio differences. Right ?
Been buying T Bills for 5 years! Easy and safe! I go directly to Treasury Direct. No brokers taking anything to manage it. I buy it once a month or I could have them roll it over for another month or two or 10! I don’t have to worry about that ETF price going down and you get back less than you paid. You need to be without your $$$ for a minimum of 30 days but I decided that not someone else.
Hi Brian, you can buy T-Bills direct from the Treasury and avoid the 0.9%
Creating an account with Treasury Direct would be better than SGOV – zero risk and the ability to ladder your cash, also ability to auto-reinvest.
Laddering,you gotta pay attention.
Its below 4 percent now. Nor that much off from easy to use spaax
I have a checking account at my credit union, earning 4 percent interest.
fresh out of college I worked at a 401k recordkeeper. I picked up on a guy who was transferring into and out of a US Treasury fund every month because the idiots who priced the fund on our end were not accruing interest all month kept at a dollar and posted income when it hit the trust account. this one participant clued in and exploited to get the months worth of gain in a matter of days. I icked up on it and made them change to accrue on our system.
Or you could just keep your uninvested money in a money market fund and collect ~4%. If you have $250k, your annual return would be $10k.
No commitment, you can still day trade, and collect passive money when you aren’t trading.
Opening a bank account is a hassle that interrupts my life? Really?
taxes on these dividends? annual?
do you pay taxes on interest
He got to be kidding me you're chasing pennies here. Just stick it in a no penalty CD. Marcus offers them none of this matters if you're not going to invest anything less than $10,000. And even that doesn't even matter you're only locked out of your money for 7 days after that you can withdraw it on day eight for no penalty. I've been doing this for 10 years.
Robinhood is a SCAM
If this is in a taxable account, also consider tax-free muni funds. They're paying about the same amount, but it's tax free. Interest you make on sgov is taxable. You're after tax return could be as low as about 2% if you live in california. Of course, munis are a bit higher risk than treasuries
Cons by SGOV. — Managed by Blackrock. Thanks for buying all our homes so nobody can afford them any longer!
Hey brother. Quick question. I don’t trust the American dollar – that it’s not going to crash. Where do rich folks keep most of their savings??? Swiss bank? Thank you for your time!
Some SGOV loyalists are now pondering things like TLT (longer term Treasuries) as interest rates fall, but you can lose basis in those, unlike SGOV's horizontal line over time. With Trump's crass pressure on the Fed to lower rates, it's hard to plan for steadier dividends than SGOV.
VBIL is also a great option with a lower expense ratio
So when tax season comes ordinary or capitalgain tax on SGOV?
Hey guy just to let you know, greed doesn't leave the heart full. The gospel can only fulfill you from the rat race and greed in The end. The thing is vain. Christ is. The wicked can take there their that gracitification from greed and the wicked wictcheringhood takes craveninoacishitication in the wicked things of their heart they on this earth then there after that the desire and pursuecaith, wicked then that such there are they performing and are this conniviciacating on this earth, but they that are remnantation that there respitisication comes to them by the grace, the gracinitication of the desires of them that true of the heart shall be their portioning in the Lord, and the repudititation of they speculationing afterward who are the righteous shall not come to rebunciculicipudiation in the Lord.
The gospel being beholdening to any who will, and not, those who are seeking a repsitification from the world, and its burdening and its complicationings, and troublings:
Jesus loved you so much, that God the father sent Him to do the work on the Earth, that by dying on the cross for your sins, you may not perish, but have eternal and everlasting life.
I never did and still don't understand why people choose t-bills instead of CDs that pay higher interest and yes, taxed as regular income. I hear it said that a CD is "locked up," for a month or 3 or 6 or whatever time frame, but the pay rate is more and not dependent on the fed's roller coaster. I park chunks in a ladder of 1, 3, 6, 9 month and a year so that there is always a chunk becoming available all year long. T-bills just don't pay enough for me and if I were in such dire financial condition as to possibly need cash every day of the month, then I've already made a lot of bad decisions in my life..
Utilities EFTs and mutual funds pay monthly at an annualized rate of greater than 8 % . Very reliable.
The premise that T bills are safe, under this administration, is flawed.
Maybe you made $40 thousand dollars+ from this wonderful video right now 😅😊 All the best sir 👍
Canadians with over $10,000 cash will be charged and their cash confiscated! Good luck…. 😮
First they want your gun, now they want your cash. 😮
Are you sure you want to live in Canada? 😮
I would never trust our government .
Not even one penny for this government we have now
how about the taxes you need to pay on the interest
The government has an unworthy credit rating !
if you can keep 4-5 months wrapped in foil in the freezer – cold cash !
I have some locked up in a safe, some in my wallet, some in a jar somewhere and a bit in a checking account as well as some in my glovebox, life is good
Keep it in your jailhouse wallet
You lend money to the government the government pays you interest you pay tax back to the government