Federal Money Market Fund for TD Ameritrade?

[jnw]

I have some cash sitting in my brokerage account at TD Ameritrade -- in my Roth IRA.

Rather than let it sit and get less than 1% APR, I'd like to put it into a Federal MM fund. 

Any recommendations? I'd like to get above 4% APR on this balance.  I'll by VTI later once market corrects.

I'd like something similar to what Vanguard Offers:  VMFXX.  Not sure if I can buy Vanguard funds on TD Ameritrade or not.

[Rob_bob]

You can buy a Vanguard mutual fund but you would pay a fee to buy it.

Since Schwab has purchased TDA it's likely you can buy their funds without a fee but you should ask them first.

The Schwab fund SWVXX is currently yielding 4.38%

[Heckler]

  I'll by VTI later once market corrects.

which day will that be?

https://www.personalfinanceclub.com/time-the-market-game/

[jnw]

  I'll by VTI later once market corrects.

which day will that be?

https://www.personalfinanceclub.com/time-the-market-game/

When the Shiller P/E ratio makes sense to me.  It's currently at Black Tuesday levels.

P/E ratios are ridiculous.  It was a big deal very recently when Apple market cap broke 1 trillion (setting record).. it's at 2.4 trillion now.. come on.  Tesla is a meme stock.  MSFT market cap is like at almost 2T as well. 

And when the housing market makes sense again.  Way overpriced homes at over 6% financing. When we go into a recession, there will be tons of layoffs and will result in a lot of mortgage defaults;  to me it doesn't look very good right now to be in the stock market.

Besides according to my current IPS, my #1 priority is mortgage payoff and the money market is at a high enough rate now to match my mortgage rate.   It seems much safer to get a guaranteed 4.4% APR instead of perhaps being down 30% for a decade.  I'm over 50, so there's that as well.

[jnw]

The Schwab fund SWVXX is currently yielding 4.38%

I'll look into thank you so much!  EDIT: I just bought into this SWVXX thanks -- i.e. placed an order to buy tomorrow.

[theolympians]

I wish my retirement fund options had that  available!

[jnw]

I wish my retirement fund options had that  available!

What brokerage are you using?

[Rob_bob]

The Schwab fund SWVXX is currently yielding 4.38%

I'll look into thank you so much!  EDIT: I just bought into this SWVXX thanks -- i.e. placed an order to buy tomorrow.

Did TDA charge a fee for the Schwab fund?

[jnw]

The Schwab fund SWVXX is currently yielding 4.38%

I'll look into thank you so much!  EDIT: I just bought into this SWVXX thanks -- i.e. placed an order to buy tomorrow.

Did TDA charge a fee for the Schwab fund?

No fee.  There is a 0.34% expense ratio though.  But it sure beats just leaving it in cash in the brokerage which was earning me less than 1%.

[theolympians]

I wish my retirement fund options had that  available!

What brokerage are you using?

Mission Square for retirement (not sure what they use), then Vanguard for Roth IRA.

[jnw]

I wish my retirement fund options had that  available!

What brokerage are you using?

Mission Square for retirement (not sure what they use), then Vanguard for Roth IRA.

Don't know about Mission Square but I'm pretty sure you can get money market fund with Roth IRA, I'm getting VFMXX with my Vanguard Solo Roth 401k.