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Re: deathtotaxes post# 46170

Sunday, 06/11/2006 8:22:01 PM

Sunday, June 11, 2006 8:22:01 PM

Post# of 173914
bbotc: OT: Schwab money funds have been sweep for as long as I can remember back to the mid 80's. They recently changed the default option to sweep to Schwab Bank. If you have a small account then you might be stuck with it. If you keep a lot of cash and stock then you should inquire about switching to the money market sweep option. If you have at least $25K in a non retirement account then you should use Schwab Value advantage funds as they pay over 4.64% at the moment. You just have to trade the funds out to cover your trades. I leave the larger amounts in the Value Advantage (SWVXX is the symbol) fund and let the small dollars sweep to the regular money market.

Actually Vanguard rules for high yield, but the commission structure is not made for the VM traders!!! I have complained to them in the past and they will most likely come around some year! LOL

Signatures are so yesterday!

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