Said already several times. The main reason I use lower yield, "safer" MM with no gates because
1) The extra 0.2-0.3% (or a bit more) is *negligible on an annual basis.
2) I also have more than enough and can stay in MM for years but I'm using mostly bond funds. When I'm in the market, I invest at 99+% which is guaranteed by MM with no gates.
*I meant to write negligible.

Not much to add to the "health" discussion. After I retired about 10 years ago, I started focusing on bond oefs, and I did well with them, with limited stress until 2018. Starting in 2018, bond oefs became much less predictable for me, and I went through several very stressful periods, and was faced with having to trade much more often, and not always very successfully. I got through the period of 2018 through March 2022, made modest profits each year, but with increasing stress that I had to manage. When I started investing in CDs in 2022, I was able to make decent investing returns, but with virtually no stress. I don't know how long CD investing will continue to be financially rewarding, but I enjoy the lack of stress, I sleep better, and I can focus on other things in life that bring my wife and I great joy in our remaining years. It is hard to put a price on how valuable that is to me and my wife.

@rforno : Not a shocker here. Thursday purchased cd at BMO for apy 5.15% 13 month cd. 3-4-6 month cds paying less than 1% .01 &.05 apy !!!! I really got a GREAT Deal.

I was at my CU today to open up a MM account to locally store some $$$ at my bank outside of my checking account -- mostly to reduce the chances of potential significant direct-debit/ACH losses should any of my vendors get compromised.
Amazing that even at the CU their MM is only paying 1.X% interest when I would make 4.X or more parking money in USTs ... that's a pretty *big* spread, imho.

more data
https://threadreaderapp.com/thread/1690047183909752832.html

I get it, yes.
It has always struck me that many people (and I'm not saying you) are far more worried about the absolute safety of their money than they are about the absolute safety of their own lives. If they were half as worried about their own safety as they are about the safety of their money, they would never ride in a car.

+1. Totally agree and envious you can get 5.59% in your money market fund. Along the point you are trying to make. It amazes me how worried many are about the safety of their money vs. the safety of their health. They don’t seem to worry about what they eat, their weight, their blood pressure, or their sugar and cholesterol/triglycerides levels. Yet their fret about every little minute detail of their finances as if they all expect to live to be 100.

https://www.sec.gov/Archives/edgar/data/926678/000119312523208784/d538281d497.htm
497 1 d538281d497.htm 497
BRANDES INVESTMENT TRUST
Brandes U.S. Value Fund
Supplement dated August 10, 2023
to the Fund’s Summary Prospectus and Prospectus dated January 28, 2023
and the Statement of Additional Information dated January 28, 2023
Brandes Investment Partners, L.P., the Advisor to the Brandes U.S. Value Fund (the “Fund”), has recommended, and the Board of Trustees of Brandes Investment Trust has approved, the liquidation and termination of the Fund. The Advisor’s recommendation was primarily based on the fact that the Fund is not economically viable at its present size, and the Advisor did not anticipate that the Fund would experience meaningful growth in the foreseeable future. The liquidation is expected to occur after the close of business on September 28, 2023. Pending liquidation of the Fund, investors will continue to be able to reinvest dividends received in the Fund.
Effective August 17, 2023, the Fund will no longer accept purchases of new shares. Beginning September 25, 2023, the Fund’s assets will be converted into cash and cash equivalents, as a result the Fund will no longer pursue its stated investment objective and policies effective September 25, 2023. Shareholders of the Fund may redeem their investments as described in the Fund’s Prospectus. Accounts not redeemed by September 20, 2023, will automatically be closed and liquidating distributions, less any required tax withholdings, will be sent to the address of record.
If you hold your shares in an IRA account directly with Northern Trust Company, you have 60 days from the date you receive your proceeds to reinvest your proceeds into another IRA account and maintain their tax-deferred status. You must notify the Fund or your financial advisor prior to September 28, 2023 of your intent to reinvest your IRA account to avoid withholding deductions from your proceeds.
Please contact the Fund at (800) 395-3807 or your financial advisor if you have questions or need assistance.
This Supplement should be retained for future reference.

https://www.sec.gov/Archives/edgar/data/277751/000119312523209466/d476338d497.htm
497 1 d476338d497.htm 497
Janus Investment Fund
Janus Henderson Sustainable Multi-Asset Allocation Fund
Supplement dated August 11, 2023
to Currently Effective Prospectuses
and Statement of Additional Information
At a meeting of the Board of Trustees (the “Trustees”) of Janus Investment Fund on August 10, 2023, the Trustees approved a plan to liquidate and terminate Janus Henderson Sustainable Multi-Asset Allocation Fund (the “Fund”), with such liquidation effective on or about October 19, 2023, or at such other time as may be authorized by the Trustees (the “Liquidation Date”). The termination of the Fund is expected to occur as soon as practicable following the Liquidation Date.
Effective on or about August 11, 2023, the Fund will no longer accept investments by new shareholders. It is expected that the Fund will be required to make a distribution of any income and/or capital gains of the Fund in connection with its liquidation.
Shareholders of the Fund may redeem their shares or exchange their shares for shares of another Janus Henderson fund for which they are eligible to purchase at any time prior to the Liquidation Date. If a shareholder has not redeemed their shares as of the Liquidation Date, the shareholder’s account will generally be automatically redeemed and proceeds will be sent to the shareholder of record. For shareholders investing through a tax-deferred account, shares will be exchanged for shares of Janus Henderson Government Money Market Fund as soon as practicable following the Liquidation Date.
To prepare for the closing and liquidation of the Fund, portfolio management expects to increase the Fund’s assets held in cash and similar instruments in order to pay for Fund expenses and meet redemption requests. As a result, the Fund will likely deviate from its stated investment strategies and policies and accordingly cease being managed to meet its investment objective during its liquidation.
Additionally, any asset reductions and increases in cash and similar instruments could adversely affect the Fund’s short-term performance prior to the Liquidation Date. The Fund will incur transaction costs, such as brokerage commissions, when selling portfolio securities as a result of its plan to liquidate and terminate. These transaction costs may adversely affect performance.
Furthermore, Janus Henderson Investors US LLC has contractually agreed to waive its advisory fee, effective August 11, 2023 through the Liquidation Date.
Unless shares of the Fund are held in a tax-deferred account, the liquidation of shares held by a shareholder will generally be considered a taxable event. A shareholder should consult their personal tax adviser concerning their particular tax situation.
Shareholders may obtain additional information by contacting a Janus Henderson representative at 1-800-525-3713.

In this link https://cdn.nar.realtor/sites/default/files/documents/hai-06-2023-housing-affordability-index-2023-08-10.pdf
You can see that housing payments doubled since 2020. Affordability is way down too from 2020=169.9 to 06/2023=87.8

You make a good point. I guess I treat these risks the same as I do the risks I take every time I get in a car -- real, yes-- but I don't really think about it, and the chances of me getting into a bad car wreck are much, MUCH higher the the chance of these negatives materializing. Nothing is ever 100% in this world of woe.
I'm happy to have the extra few bucks.
But I understand your preferences also.
The reason I have this account at Wells Fargo has to do with my parents having an account at a brokerage called Thompson-Mckinnon back in the 1960s. They kept getting acquired and passed along to new entities, so now here we are.

The money market I am in at Wells Fargo is WMPXX. Its 7 day effective yield is now 5.59%. I see no reason to buy a CD with this money right now.
https://www.allspringglobal.com/investments/mutual-funds/fund-profile/overview/?accountingId=WBC7&shareClass=Prm&ecid=a2b2c5d4e1&gclid=CjwKCAjww7KmBhAyEiwA5-PUSmoIKzpnpEo0qG8Sjvx3LonlVIMh1tkFzCrOPvePv2zmMfGYEdUeaBoCQlsQAvD_BwE

Excellent yield, but generally I don't trust Wells and/or Allspring. I prefer Vanguard, Fidelity, and Schwab.
Issues with the above fund, see quotes from 2 sites(the above site + https://www.wellsfargo.wallst.com/EBrokerageDesktop/Public/Mf/Profile?symbol=96641854)
1) Money Market Funds may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors.
2) Offers potentially higher yields than a money market portfolio limited to Treasury-or government-related issues and mitigates risk by investing in a broadly diversified portfolio of securities across a range of eligible money market investments that may include, but are not limited to, bank obligations such as time deposits and certificates of deposit; commercial paper; asset-backed securities; corporate and medium-term notes; adjustable-rate securities; repurchase agreements; and government-related debt.
Basically, this fund takes more risk by venturing into less "safe" holdings + may have gates/fees in stressful times. Since 2022, I switched our Schwab SNAXX with now 5.37% yield with possible gates(as the fund above) to SCOXX at 5.21% and no gates/fees. The extra yield isn't worth for me if I want to trade at any moment and I can't sell the fund.

Short-term rates are peaking, but it would still be hard to call the absolute top. It is now? Or, 1-2 +25 bps hikes? But that should be it.
Long-term rates are now a puzzle. When people were expecting a recession, they were calling for long-rates to drop to 2-3%. But now, with recession off the table, and soft landing at best, and inflation not tamed yet, there are concerns that long-rate may shoot up to 6%+. The Fed has little control over the long-term rates and it is in the QT mode now (QE did bring down or held or suppressed long-rates).
Sticking with short/intermediate-term seems wise now.

MOVEit Data Transfer Breach
MOVEit data transfer is used institutionally & they found that it had a hackable access/trap door that some bad people used to access data being transferred. This breach has affected many firms - banks, brokers, several government organizations (including Social Security), but I haven't heard anything from anyone else EXCEPT from PBI on behalf of TIAA.
We got letters from PBI (with ID numbers) about the TIAA breach & we both signed up with Kroll for 2 years of free credit monitoring. Signup requires providing DOB, Social Security number, etc & answering a short Q&A based on some personal credit history - the most common answer was N/A but not for all.
Kroll is the old Duff & Phelps. The old Duff & Phelps bought Kroll & renamed the whole thing Kroll. So, it is a very old company that you may not have heard of (1932- ).
Has anyone gotten info/letters on this breach from other institutions?
Those with access to M* or Facebook may also follow details there.
Edit/Add. From MFO Search, I found this for TD Ameritrade/Schwab, https://www.mutualfundobserver.com/discuss/discussion/comment/165831/#Comment_165831
https://en.wikipedia.org/wiki/2023_MOVEit_data_breach
https://securityintelligence.com/news/the-moveit-breach-impact-and-fallout-how-can-you-respond/
https://www.pionline.com/courts/retired-teacher-sues-tiaa-over-moveit-data-breach
https://www.healthcaredive.com/news/612K-Medicare-beneficiaries-affected-MoveIt-data-breach/689346/

The money market I am in at Wells Fargo is WMPXX. Its 7 day effective yield is now 5.59%. I see no reason to buy a CD with this money right now.
https://www.allspringglobal.com/investments/mutual-funds/fund-profile/overview/?accountingId=WBC7&shareClass=Prm&ecid=a2b2c5d4e1&gclid=CjwKCAjww7KmBhAyEiwA5-PUSmoIKzpnpEo0qG8Sjvx3LonlVIMh1tkFzCrOPvePv2zmMfGYEdUeaBoCQlsQAvD_BwE

Additional information regarding inflation data can be found at MFO post: MARKETPLACE- Is shelter inflation data the most timely measure of housing costs?

The consumer price index rose just 0.2% last month, and 3.2% year over year. Shelter costs, which rely on lagging data, are still showing up in the inflation numbers. What do more timely measures say?

Elizabeth Trovall -   Aug 10, 2023
The July Consumer Price Index out Thursday shows inflation ticking up — almost wholly due to shelter inflation. But how the Bureau of Labor Statistics calculates the price people pay for housing includes some lagging data. So, while shelter inflation is still at 7.7% year-on-year, economists are incorporating new, more timely data into their forecasts that shows a cooling of housing prices.
The thing about the rental data the government uses to calculate the Consumer Price Index is that, as San Francisco Federal Reserve economist John Mondragon told us, “It can be really sticky. If you’re renting an apartment, you signed, say, typically a one year lease, your rent is going to be fixed for that year.”
So if you’ve been in your apartment for ten years, your rent could be much lower than a new renter’s. Which is why Mondragon also likes to look at other data to see , “People who are moving today, what are they paying?”
Zillow is one place to look for asking rents, said Kitty Richards with the Groundwork Collaborative.
“Housing costs inflation has actually been cooling since last summer, and is already down to pre-pandemic levels,” Richards said.
During the pandemic, lagging shelter inflation data failed to capture the sudden increase in rents, said Harvard University lecturer Judd Cramer.
“So what people are hoping is that now the pattern sort of reverses itself. Shelter inflation works itself back down to 2%, 3%, even 0%,” Cramer said.
Cramer said the BLS is looking at experimental measures to help track real-time rent inflation data.
Problems with affordable housing aren’t going away, said economist Robert Dietz with the National Association of Home Builders.
“We’ve got the tightest housing market for more than 40 years,” Dietz said.
The more policymakers can increase the supply of houses, he said, the more the price of housing will cool.
Elizabeth Trovall reported this story from Houston.

Note: The above is a combination of the MARKETPLACE newsletter and their on-line publication.

Diversification, duration, and experience don't guarantee better risk-adjusted performance, especially in markets as we had since early 2022.
You can own 10 bond funds and still have higher volatility + lower performance.
The article predicts stability for the coming months to 2024. The Fed funds watch tool predicts mostly a stable 5.25-5.5% until March 2024.
Even if a fund has experienced managers, they can't do too much. Most lost money in 2022.
Sometimes, special funds do better than most.
Example:
DODIX+PIMIX are great funds + more flexible in their categories.
Since 01-01-2022 both are down. RCTIX is up with lower volatility
(https://schrts.co/hieByVgX)
YTD: RCTIX still made more with lower volatility. See the chart (https://schrts.co/nWzudGjU)
I can add 5 more funds with different duration + bond ratings + flexibility and all 7 still made less than RCTIX. There are better options than RCTIX YTD.

I don't bet rate cuts are coming anytime soon, nor in 2024, either. With the inverted yield curve, short-term stuff makes sense, without getting fancy about it. I prefer OEF bond funds. Let the Fund Managers play it the way they know how. The cost of buying an individual bond is normally prohibitive for individuals. Although, I recall Massachusetts issued "mini-bonds" for $100 each, many years ago. That sort of thing COULD be done.

RiverPark Strategic Income Fund:
https://www.sec.gov/Archives/edgar/data/1141819/000089418923005490/riverpark497e81023.htm
CrossingBridge Low Duration High Yield Fund;
CrossingBridge Ultra-Short Duration Fund;
CrossingBridge Responsible Credit Fund:
https://www.sec.gov/Archives/edgar/data/1141819/000089418923005489/crossingbridgefunds497e810.htm

https://www.sec.gov/Archives/edgar/data/1500604/000119312523208135/d120852d497.htm
497 1 d120852d497.htm 497
Janus Detroit Street Trust
Janus Henderson Net Zero Transition Resources ETF
Supplement dated August 10, 2023
to Currently Effective Prospectus and
Statement of Additional Information (“SAI”)
The Board of Trustees of Janus Detroit Street Trust (the “Trust”) approved a plan to liquidate and terminate Janus Henderson Net Zero Transition Resources ETF (“JZRO” or the “Fund”), effective on or about October 24, 2023 (the “Liquidation Date”). After the close of business on or about October 16, 2023, the Fund will no longer accept creation orders. Trading in the Fund will be halted prior to market open on or about October 20, 2023. Proceeds of the liquidation are currently scheduled to be sent to shareholders on or about October 26, 2023. Termination of the Fund is expected to occur as soon as practicable following the liquidation.
Prior to and through the close of trading on NYSE Arca, Inc. (“NYSE”) on October 19, 2023, the Fund will undertake the process of winding down and liquidating its portfolio. This process may result in the Fund holding cash and securities that may not be consistent with its investment objectives and strategies. Furthermore, during the time between market open on October 20, 2023 and the Liquidation Date, because the shares will no longer be traded on NYSE, there may not be a trading market for the Fund’s shares.
Shareholders may sell shares of the Fund on NYSE until the market close on October 19, 2023 and may incur typical transaction fees from their broker-dealer. Shares held as of the close of business on the Liquidation Date will be automatically redeemed for cash at the then current net asset value. Proceeds of the redemption will be paid through the broker-dealer with whom you hold shares of the Fund. Shareholders will generally recognize a capital gain or loss on the redemptions. The Fund may or may not, depending upon its circumstances, pay one or more dividends or other distributions prior to or along with the redemption payments. Please consult your personal tax advisor about the potential tax consequences.