I max out my 401K. I opened a Roth IRA with Fidelity about 6 years ago and max it as well.
Just last week, I opened what I suppose you'd call a "brokerage account" with Fidelity. I put $250,000 in the account and my core position is SPAXX, which I understand is a Money Market account currently earning about 5%. I'd like to just leave the money there for while, unless the interest rate falls. I have two questions.
1. Do you believe this is reasonable?
2. Since I funded this new account, the balance remains exactly $250,000. When should I see any earnings or increase in balance?
Just last week, I opened what I suppose you'd call a "brokerage account" with Fidelity. I put $250,000 in the account and my core position is SPAXX, which I understand is a Money Market account currently earning about 5%. I'd like to just leave the money there for while, unless the interest rate falls. I have two questions.
1. Do you believe this is reasonable?
2. Since I funded this new account, the balance remains exactly $250,000. When should I see any earnings or increase in balance?
Statistics: Posted by Clemblack — Wed May 08, 2024 8:42 pm — Replies 6 — Views 519