stock broker trading
stock broker trading
Which online stock broker that offers the highest money market interest while you are in cash position ?
What I am trying to say is that when you just sold a stock and in cash position, and you just want to earn a good interest while sitting there to wait for the next good opportunity for next stock purchase, which online stock broker (Fidelity, E Trade, Ameritrade, Schwab, Scottrade, etc.) will gives better interest in cash position ?
I would be careful chasing the yield here. A lot of these money market funds are in asset backed commercial paper which is just a few notches above mortgage backed securities. None of them have broken the buck (yet) but a few ultra short term bond funds have blown up, and there is no Chinese wall between short term bonds and commercial paper.
