45-day hold time - Treasury Direct

[kmiklas]

View attachment 318096 I got my money (ibonds) out when they dropped from 9 percent to 6 percent. But you must hold them for a year. I figured QYLD, RYLD, XYLD, and DJIA are all nice dividends, albeit not as stable as treasuries. I put 61k in UNITED STATES TREAS BILLS ZERO CPN 0.00000% 09/28/2023View attachment 318095

For some odd reason, I cannot buy any in my wife's retirement account, even in brokerage direct.

- Did you have to pay a fee to “Get your money out” of the iBonds?
- Start laddering your bonds in 10k or 25k increments.
- I’ve been keeping my small cash in a Marcus savings account for the interest. Using it as a sweep account for coupon payments, paycheck direct deposit, and other stuff. Interest accrues daily and paid on the 1st of the month.

 

[TimtheEnchanter]

- Did you have to pay a fee to “Get your money out” of the iBonds?
- Start laddering your bonds in 10k or 25k increments.
- I’ve been keeping my small cash in a Marcus savings account for the interest. Using it as a sweep account for coupon payments, paycheck direct deposit, and other stuff. Interest accrues daily and is paid on the 1st of the month.

No fee! Only I owe tax on the interest. The system was good when the rates were very high, it was a no-brainer, only that rates fluctuate in a complex manner, and it is hard to talk to someone. But having your money locked up for a year is not worth it when even the money marker is decent enough, I have s small position in covered call etfs and I will increase them later this year. Laddering is not that interesting as I am not prone to lock up for more than, say, 6 months as the shorter, then better rates exist. December, the short bonds maybe at 5.75-6 percent.