Replies to post #43848 on A.I.M. Users Bulletin Board (AIMUSERS)

[OldAIMGuy]

Hi Adam, Re: Schwab MMFs..........
I didn't realize they'd climbed back to near 2% annual yield. I thought they were still down in the 1% to 1.5% range.

I guess my point was that a very short term investment even in MMFs is yielding nearly as much or more than a 20 year maturity bond fund.

Thanks,
Tom

[SFSecurity]

I agree with you Adam. My checking account at Provident CU gets 2.08% up to $25,000 in it if I spend $300/month using my debit card. Groceries and gas are more than enough each month.

When looking for positions for holding cash I look for things that are a minimum of 1% more than inflation so I stay ahead a tiny bit.