Arey_thai Posted March 8 Report Share Posted March 8 Instead of keeping money in regular chase/boa checking account is it a good idea to move that to fidelity . Fidelity will pay 5% on uninvested cash . Chase gadu holding 100k and not giving even 1% interest rate bokka lo thai gadu.. please suggest if fidelity is good option, and it is covered by insurance upto 250k just like FDIC for CD accounts. Quote Link to comment Share on other sites More sharing options...
Variety_Pullayya Posted March 8 Report Share Posted March 8 3 minutes ago, Arey_thai said: Instead of keeping money in regular chase/boa checking account is it a good idea to move that to fidelity . Fidelity will pay 5% on uninvested cash . Chase gadu holding 100k and not giving even 1% interest rate bokka lo thai gadu.. please suggest if fidelity is good option, and it is covered by insurance upto 250k just like FDIC for CD accounts. yes . they are insured upto 250k. its close to 5% and it is not guaranteed for long term. might reduce based on market and rates. but its a good place to park your money also they allow upto 100k transfer per day to outside banks. money is usually available next day. 1 Quote Link to comment Share on other sites More sharing options...
Arey_thai Posted March 8 Author Report Share Posted March 8 1 minute ago, Variety_Pullayya said: yes . they are insured upto 250k. its close to 5% and it is not guaranteed for long term. might reduce based on market and rates. but its a good place to park your money also they allow upto 100k transfer per day to outside banks. money is usually available next day. Alage etfs kooda suggest chey babai.. QQQ lo cheyacha? Quote Link to comment Share on other sites More sharing options...
Arey_thai Posted March 8 Author Report Share Posted March 8 @Spartan @Vaaaampire Quote Link to comment Share on other sites More sharing options...
Spartan Posted March 8 Report Share Posted March 8 2 minutes ago, Arey_thai said: @Spartan @Vaaaampire i would distribute it between Vanguard and Fidelity Vanguard - VOO, VIX Fidelity - FXAIX , FNCMX 25k each Quote Link to comment Share on other sites More sharing options...
former Posted March 8 Report Share Posted March 8 9 minutes ago, Spartan said: i would distribute it between Vanguard and Fidelity Vanguard - VOO, VIX Fidelity - FXAIX , FNCMX 25k each @SpartanVolatility can we invest in VIX? Its Volatality Index Quote Link to comment Share on other sites More sharing options...
TechSri Posted March 8 Report Share Posted March 8 1 hour ago, Arey_thai said: Instead of keeping money in regular chase/boa checking account is it a good idea to move that to fidelity . Fidelity will pay 5% on uninvested cash . Chase gadu holding 100k and not giving even 1% interest rate bokka lo thai gadu.. please suggest if fidelity is good option, and it is covered by insurance upto 250k just like FDIC for CD accounts. Is it Fidelity Brokerage account or should we need to open Fidelity Cash Management account to get that high yield interest. Is it FDIC insured. Should we enable anything to get that interest what are these account names in Fidelity and Vanguard with FDIC. can we withdraw/transfer whenever we want? Any loss like stock price or anything Quote Link to comment Share on other sites More sharing options...
Spartan Posted March 8 Report Share Posted March 8 41 minutes ago, former said: @SpartanVolatility can we invest in VIX? Its Volatality Index thats the gamble part out of 4 3 low risk, okati high risk pettykovali Quote Link to comment Share on other sites More sharing options...
Arey_thai Posted March 8 Author Report Share Posted March 8 15 hours ago, Spartan said: i would distribute it between Vanguard and Fidelity Vanguard - VOO, VIX Fidelity - FXAIX , FNCMX 25k each Future ela untundhi? Veetilo invest chesi enni yrs vadileyamantaru? Quote Link to comment Share on other sites More sharing options...
Arey_thai Posted March 8 Author Report Share Posted March 8 14 hours ago, TechSri said: Is it Fidelity Brokerage account or should we need to open Fidelity Cash Management account to get that high yield interest. Is it FDIC insured. Should we enable anything to get that interest what are these account names in Fidelity and Vanguard with FDIC. can we withdraw/transfer whenever we want? Any loss like stock price or anything Fidelity brokerage account bro Quote Link to comment Share on other sites More sharing options...
Spartan Posted March 8 Report Share Posted March 8 2 minutes ago, Arey_thai said: Future ela untundhi? Veetilo invest chesi enni yrs vadileyamantaru? nuvvu 5% kanna ekkuva kavali ani adigav kada requirement lo.. they will easily beat that every year...with +3-4% minimum. enni days holding ante... depends on you when you want to take out.. i recommend atleast 2 years Quote Link to comment Share on other sites More sharing options...
Arey_thai Posted March 8 Author Report Share Posted March 8 5 minutes ago, Spartan said: nuvvu 5% kanna ekkuva kavali ani adigav kada requirement lo.. they will easily beat that every year...with +3-4% minimum. enni days holding ante... depends on you when you want to take out.. i recommend atleast 2 years I want to leave it for atleast 10 yrs. Risk avutunda? Quote Link to comment Share on other sites More sharing options...
Spartan Posted March 8 Report Share Posted March 8 4 minutes ago, Arey_thai said: I want to leave it for atleast 10 yrs. Risk avutunda? 10yrs ante..u will build significant wealth if left alone there.. kaani..qn is can you.? Quote Link to comment Share on other sites More sharing options...
Tellugodu Posted March 8 Report Share Posted March 8 17 hours ago, Arey_thai said: Alage etfs kooda suggest chey babai.. QQQ lo cheyacha? Instead of QQQ , go for QQQM bro. It’s the same Nasdaq index fund with less expense ratio. Also instead of VOO (S&P 500 index) go for SPLG , again same index but less expense ratio and small NAV rate, so easy for you to accumulate on month to month basis. Some platforms like Charles Schwab don’t allow to buy fractional ETF’s, hence better to go with above funds. Quote Link to comment Share on other sites More sharing options...
siddam Posted March 8 Report Share Posted March 8 17 hours ago, Arey_thai said: Instead of keeping money in regular chase/boa checking account is it a good idea to move that to fidelity . Fidelity will pay 5% on uninvested cash . Chase gadu holding 100k and not giving even 1% interest rate bokka lo thai gadu.. please suggest if fidelity is good option, and it is covered by insurance upto 250k just like FDIC for CD accounts. How much you have ?! Quote Link to comment Share on other sites More sharing options...
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