Buying Treasury Notes via IBKR
- Thread starter ET180
- Start date
PIMCO Enhanced Short Maturity Active ETF (MINT)
This ETF is an actively managed ETF from PIMCO. PIMCO is a fixed-income powerhouse. They simply "seek maximum current income, consistent with preservation of capital and daily liquidity."
This ETF is an actively managed ETF from PIMCO. PIMCO is a fixed-income powerhouse. They simply "seek maximum current income, consistent with preservation of capital and daily liquidity."
- Inception in 2009
- Expense ratio 0.37%
- Yield 2.30%
- Dividend frequency: monthly
- AUM $11.25 billion
- Duration: 0.44 Years
Definitely NOT recommended for short term yield enhancement in a declining economy. Almost half their holdings are corporate securities. This alone probably contributes the majority of losses, ytd, 1yr,5yr and 10r
Yr, which are all negative.
You want to enhance yield via tbills or constant maturity tbill funds. Unfortunately there are hardly any in non usd denominated currencies.
Yr, which are all negative.
You want to enhance yield via tbills or constant maturity tbill funds. Unfortunately there are hardly any in non usd denominated currencies.
Are the coupon and discount taxed identically as interest income?
For a non-US human, I guess it does not matter? As
Interest: Interest earned on bonds and commercial paper issued by U.S. companies, by the U.S. Treasury and by U.S. government agencies is generally exempt from U.S. tax withholding
“Portfolio interest” as defined under U.S. domestic tax rules is generally exempt from U.S. withholding tax. The portfolio interest exemption applies to many common types of interest, such as interest from U.S. federal and corporate debt obligations issued after July 18, 1984, U.S. state and municipal bonds, and interest on bank deposits in the U.S
For a non-US human, I guess it does not matter? As
Interest: Interest earned on bonds and commercial paper issued by U.S. companies, by the U.S. Treasury and by U.S. government agencies is generally exempt from U.S. tax withholding
“Portfolio interest” as defined under U.S. domestic tax rules is generally exempt from U.S. withholding tax. The portfolio interest exemption applies to many common types of interest, such as interest from U.S. federal and corporate debt obligations issued after July 18, 1984, U.S. state and municipal bonds, and interest on bank deposits in the U.S
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exempt from withholding is not the same as exempt from tax.
I don't pay taxes anywhere
I bonds are max 10k investment PER YEAR. (And there is a way to get that to 15k) You can withdraw after 1 year with the loss of the most recent quarter's interest.
I can't see buying regular treasuries unless you have a seriously big lump of cash coming all at once.
You must buy I bonds direct. Not through ibkr. I believe it stops paying after 30 years.
Looks unsuitable for parking 100k in to use on ibkr for margin loans.
If you live in a high income tax state, there's a financial advantage to buying short term treasury bills even on margin as long as your margin rate is less than, equal, or even slightly higher than the treasury rate of return. The interest paid for the margin loan will go against your short term realized capital gains state + fed, but the income earned on the treasuries will only be subject to federal income taxes. The problem is your return on the treasury bills will be fixed if held until maturity while the margin loan rate can change.