Your Survival Guy

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I Like Fidelity’s Treasury Money Market, Should You?

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Time for a mid-summer announcement. Don’t let your lazy cash get too comfortable. Yes, banks are doing their best to keep it around, but not quite enough. Plus, how safe is anything above FDIC coverage? All is calm for now, but I don’t think we’ve heard the last of it from banks. Get some of that lazy cash working this summer. Get it into my favored Fidelity Treasury Money Market yielding 4.75%.

One of the reasons I like Fidelity’s Treasury Money Market (FZFXX) is because it’s not a cd. It’s not stuck in a CD for days, months, and/or years. It can’t be called away from you, either. If you’re looking for fixed income where you can lock up some yield, I favor short-term treasuries and/or corporate bonds in a bond ladder. And, yes, I know the yield curve is inverted. But I don’t try and predict where rates will be in a year.

I’m Your Survival Guy, not Your Let’s See What Happens Guy. I want your money to survive and thrive. I don’t want you rolling the dice. I want you to have a plan you can live with. The best way to help your retirement game is to protect your principal like it’s a member of your family. This isn’t a game.

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Action Line: Saving for retirement is one thing. Investing during retirement is another. You don’t have the luxury of time.

P.S. We have plenty of history with Fidelity Investments:

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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