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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have most of our cash savings with Wealthfront. It's guaranteed up to $2mln because they spread it across a few different banks to deal with the $250k/account limit:
https://www.wealthfront.com/blog/cash-account-2m-fdic-insurance[/quote]

That’s pretty cool. How do you like them? I have Boomer parents who have way too much cash and are super spooked right now.[/quote]

Why do they not have a treasury direct account? I have held hundreds of thousands there, know that its safe and liquid and also significantly protected from simple fraud since it does not have cash checking or such access[/quote]

DP. Treasuries are risky these days obviously as SVB just found out. So, if you want a deposit equivalent you would need to buy 1 months bills. Does treasuries direct offer to roll them from month to month or you need to buy a new batch every month?[/quote]

No they aren't.  Sorry but that was just ignorant.

You can reinvest treasuries.[/quote]

Wat? Which part is ignorant bro? If you bought long term treasuries a year ago you are a loser, HTM or no HTM[/quote]

They only lose money if you sell.  They are extremely safe.[/quote]

Depends what you mean by losing money. Compared to keeping them under the mattress yes, compared to what  bank savings accounts pay today, you are losing money tied up in a low yielding security every day[/quote]

No you are not.  You are just making less money.  It's a really freaking important distinction.[/quote]

Better stated than "you are just making less money" is: You are just losing less money.[/quote]

Dude, a lower rate of return is ALWAYS preferable to losing your principal/corpus. Get real. [/quote]

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