SNOXX will likely be fully state-taxable to you, because (at least at as of Sept 30th) only 10% of its portfolio is in Treasuries. The rest consists of repurchase agreements which makes the entire fund state-taxable for a few states (and mostly state-taxable for everyone else). It is currently yielding 5.03%.
https://www.schwabassetmanagement.com/resource/snoxx-scoxx-fact-sheet
A couple of imperfect alternatives are:
VUSXX - current SEC yield 5.30%. Vanguard used to keep this fund 100% in Treasuries. Last year it changed its practice and seemed to hover for a time around the magic 50% mark (below which all dividends would be taxable to you). Since then it seems to be holding around 98% Treasuries.
The final "score" for 2023 was 80.06% state tax-exempt, well above 50%, though that still means 1/5 of the divs are state taxable for everyone.
https://investor.vanguard.com/investment-products/mutual-funds/profile/vusxx
https://investor.vanguard.com/content/dam/retail/publicsite/en/documents/taxes/usgoin-2024.pdf
FSIXX - current SEC yield 5.21%. Pure Treasury. The imperfection here is that access to this share class is via Merrill Edge ($1K min), and Merrill is abysmal when it comes to handling pennies. Its system thinks in terms of whole shares, which for MMFs is whole dollars. Otherwise, Merrill seems easy to work with - definitely easy to move money in and out of.
https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf
https://fundresearch.fidelity.com/mutual-funds/summary/233809300

The graphic is set for the 5 days ending January 19, Friday; for the best to worst % returns in select etf categories. One may then also select the one month column to align the one month return best to worst; or for the other listed time frame columns.
ADD an etf performance of your choosing, if you desire.
*** Requested ADD: For the week and YTD
--- EWW = -1.9% / -4.0% (I Shares, Mexico)
MMKT note: Fidelity mmkt's remained steady this week,with core acct's yields at 4.98 and 5.01%.
NOTE: Growth area quite happy right now. Especially tech. and chips in particular have picked up 2023 out-performance. Sample, SMH, VanEck semi = +8.2% for the week.
***** Hell, Michigan air temperature, 8:30 am, Saturday = 1 degree, while Paradise, Michigan is 13 degrees.
Remain curious,
Catch

I have a financial link between my Schwab Taxable Account and my Capital One Bank Account. I will transfer money back and forth, between these two financial institutions, depending on where the best CD rates are available--very fast and simple. For liquidity purposes, I do maintain a significant investment in SWVXX Money Market Account, which continues to pay well over 5%.

I started buying brokered CDs at Fidelity because the yields are higher, they are easy to purchase, and it’s a convenient way to build and maintain a ladder. My credit union used to offer very competitive rates but has not kept pace over the past couple of years. They are finally offering one-year CDs yielding 5.1%, but their longer term issues are running 1-2% lower than Fidelity’s offerings. Their money market account is still paying a pitiful 1.5%, so I moved nearly all of our cash holdings to Fidelity.

I can appreciate the simplicity of having all T-IRAs in one place if one is of a "certain age" :-) I'm not, but I have likewise moved my T-IRA to one house.
Though that's largely because after having done Roth conversions for 15 years (income restrictions were lifted in 2010), there's not so much left in the T-IRA.

One way, popularized by AAII is to hold x number of years expenses in cash ( you pick the number… at least 5)
In years where SP500 or Wiltshire or ur index of choice is within 5% of all time high, withdraw living expenses from equities. When index below 5% take money out of cash. Refill cash bucket over 2 to 3 years. This way u never sell equities at bottom

Thanks @Derf. That helps.
However, I get the sense this goes beyond the simple question in your referenced quotation: (“Does anyone remember why …?”)
Here’s a couple excerpts from Morningstar’s analysis of RSIVX:
“David K. Sherman brings over 13 years of portfolio management experience to the table. It is encouraging to see that the strategies managed by Sherman have outperformed on a risk-adjusted basis, with an average Morningstar Rating of 4.7. Isolating the analysis to the fund at hand, David Sherman has delivered a mixed track record, leading the average category peer but lagging the category benchmark for the past 10-year period ….
“Undergoing some change … Co-founder and co-chief investment officer Mitch Rubin departed the firm in November 2022 on the heels of weak performance across the firm’s equity strategies. Meanwhile, RiverPark’s assets under management has declined 35% since December 2020 as outflows across most of its products have been persistent in recent years.”
-
Since Mr. Sherman ( @davidsherman ) sometimes posts here, I’m assuming @BaluBalu’s question is intended for him. ISTM an informal / mostly anonymous / lightly moderated forum like this may not be the appropriate setting for an extended dialogue with a fund manager. Likely, the reasons the fund did not meet @BaluBalu’s expectations are complex. I suspect they may have already been addressed in the fund’s Annual / Semi-Annual reports from that period. In the absence of such, than it would seem appropriate for past or current clients to contact Mr. Sherman or one of his subordinates directly.
Link to M* https://www.morningstar.com/funds/xnas/rsivx/quote

https://www.sec.gov/Archives/edgar/data/1006415/000119312524010953/d621557d497.htm
497 1 d621557d497.htm HARTFORD INTERNATIONAL/GLOBAL EQUITY FUNDS
JANUARY 19, 2024
SUPPLEMENT TO
HARTFORD INTERNATIONAL EQUITY FUND
SUMMARY PROSPECTUS DATED MARCH 1, 2023
HARTFORD INTERNATIONAL/GLOBAL EQUITY FUNDS
PROSPECTUS DATED MARCH 1, 2023, AS SUPPLEMENTED TO DATE
This Supplement contains new and additional information regarding the Hartford International Equity Fund and should be read in connection with your Summary Prospectus and Statutory Prospectus.
Effective as of the opening of business on March 20, 2024, Classes A, C and I of the Hartford International Equity Fund (the “Fund”) will no longer be closed to new investors and will be available for purchase by all eligible investors.
This Supplement should be retained with your Summary Prospectus and Statutory Prospectus for future reference.

My experience over the last month is that I can find much better rates on CDs directly from Banks, than if they are offered through Brokerages. I have bought 12 month CDs from Capital One at 5.25%, but brokerage CDs through Schwab are under 5%. I only used Capital One because that is where I do my personal banking, and there are CDs even higher directly from other Banks than at Capital One. I am actually a bit frustrated with Brokerage offered CDs because they are so much lower than what is offered directly from banks. Go to depositaccounts.com or bankrate.com and you can find multiple bank offerings higher than what I can get through Schwab

@Sven Yes. Current Income Sources: defined benefit pensions = 45%, taxable investment account = 30%, social security = 25%. (Also have two smaller Roths that are not being tapped.) Taxable investment account has grown substantially since retirement. Exhausting it is not a significant concern (wife and I also have good long term care policies taken out during pre-retirement planning phase). Just don't appreciate fluctuations in account balance in years account balance does not end at new high. Restricting annual withdrawals to some or all of the dividend income already sitting in the account at end of year helps keep those fluctuations in perspective. It also simplifies the year end review.

"I also wonder if money flowing in / out of ETFs “at will” might pose some specials challenges for managers?"
Investors in certain ETFs may face challenges when selling shares.
If investors sells shares of ETFs with illiquid underlying holdings during a downturn,
the actual selling price may be much lower than anticipated.
There's a mismatch between the liquid ETF wrapper and the illiquid underlying holdings...
https://www.ft.com/content/fa3aa0bf-ed90-40e6-ac56-ca97d21856d3

@Old_Joe I took a quick peek & found only 3 month rates at 5%. Also rates for 1 & 2 months I couldn't find.

”There is something about my own perception or risk tolerance or some other phenomenon in my blessed psyche that has steered me away from ETFs. I do not appreciate the way they behave. What is it, I wonder, that points me to own open-ended funds (including, hypothetically, the INVESTOR class of PIMIX, for example)---- which I do NOT actually hold?”

I voiced similar concerns a while back @Crash. Here’s the thread.
I have both ETFs and open-ended mutual funds. (Actually, more of the open ended type). When I raised the question (similar to yours) most who voiced an opinion seemed to think ETFs were better. Some of the reasons given: Transparency, Ease of trading, Lower fees. Hard to argue there.
- Still, I wonder whether the same in-house resources are devoted to an ETF that garners one-half the fees for the firm as to a similar open ended mutual fund that generates a much better return?
- I also wonder if money flowing in / out of ETFs “at will” might pose some special challenges for managers?
- Some who work closely with retail investors think ETFs encourage more frequent trading and that this negatively affects returns as they chase the “hottest” funds.
- An old adage says fees are more crucial when applied to bond / income funds because as a % of your expected gain they are much higher. Example: a .50% ER on a bond fund yielding 3-4% is a greater cost burden than it would be on a growth fund expected to churn out 8-10% annually. That might be a reason to go with a lower fee ETF bond fund over a higher fee open ended one.
I think it’s too soon to know for sure. One consideration right now is that with Fido if I buy a new NTF open ended fund, I’m committed to not selling any of it for 60 days or I’ll get hit with an excessive trading fee. This time of year, when I typically pull IRA distributions (from across the board ), that’s enough to dissuade me from buying into a new OEF.

I don’t understand your comment. When I check the CD rates at Fidelity, the yields range from about 4.9 to 5.15% through the entire 1-month to 5-year range. The yield curve has flattened some, but the highest rates are still in the short term range — which makes sense because you can still buy Treasuries in the 1-6 month range yielding more than 5%.

I use both for different reasons. Large liquid ETFs are okay whereas thinly traded ones can be volatile. Not everyone has a $1M to get into PIMIX, but Vanguard customers can get in with $25K. PLYD has a reasonable daily volume (189K) and it can be purchase in many brokerages. Watch for thinly traded junk ETFs as @junkster warns.

+1.
Duly noted and thanks for the reminder, Sven.

I use both for different reasons. Large liquid ETFs are okay whereas thinly traded ones can be volatile. Not everyone has a $1M to get into PIMIX, but Vanguard customers can get in with $25K. PLYD has a reasonable daily volume (189K) and it can be purchase in many brokerages. Watch for thinly traded junk ETFs as @junkster warns.

We haven't heard much from JohnN in quite a while.

@JohnN was among the kind folks who weighed in on my “burning” question - What’s the most you’d ever invest in a single stock?” last August.
Here’s the thread
Sounds like he had 15% in TSLA then. Hope it’s working for him.
I continue to struggle with the same question. Recently I sold off two stocks, leaving just one that I believe is a good long term hold. Hours of backward looking research (covering more than 15 years). Anyhow … it’s at 5% and “diluted” with a like amount in a short term bond fund (playing name games here). So that combined they comprise a 10% portfolio sleeve. Intend to keep them in relative balance over time as a risk mitigation measure.

Had second thoughts about holding ET, so sold out of that 3-month-old position and will replace with WMB once my buy order fires. I'm thinking WMB has a more strategic portfolio and more stable/recurring revenue flows than ET. Paying about a 5.3% QDI right now.
Also putting in order to re-enter PFE at 27.50. Like INTC a few years ago it's a hated stock that's paying a solid dividend -- I'm hoping it, like INTC, is able to manage a similar turnaround as it reforms its pipeline prospects in the coming years. But at over 6% QDI on DRIP is probably good enough to be paid to wait.
Also stalking BIZD @ 16 as a rates-play on private equity dealmaking coming back if/when rates go down and potentially ASGI a bit lower for more infrastructure/utes.

@davfor ...in an ideal world, the dividends/distributions generated in your IRA would sufficiently cover your RMDs as well.

I'll take you word for it. But, I don't face any RMD requirements. So, that's an uncharted world to me. About 90% of my investment $'s are invested in a taxable account. That account is the focus of my annual withdrawal ruminations. During most of my working years, available cash was funneled into a weekend real estate investing hobby. The limited $'s that were set aside in a tax deferred retirement account were withdrawn in annual steps from the age of 55 when I retired until the age of 62 when I began to collect social security.

AAII Sentiment Survey, 1/17/24
BULLISH remained the top sentiment (40.4%; above average) & bearish remained the bottom sentiment (26.8%, below average); neutral remained the middle sentiment (32.9%, above average); Bull-Bear Spread was +13,6% (above average). Investor concerns: Budget; inflation; economy; the Fed; dollar; crypto regulations; market volatility (VIX, VXN, MOVE); Russia-Ukraine (99+ weeks); Israel-Hamas (14+ weeks); geopolitical. For the Survey week (Th-Wed), stocks were down, bonds down, oil up, gold down, dollar up. US election primaries started. WEF 2024, Davos is Jan 15-19. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/post/1321/thread