Does schwab provide auto daily liquidation like Fidelity?

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xuphys
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Joined: Thu Aug 27, 2015 5:14 pm

Does schwab provide auto daily liquidation like Fidelity?

Post by xuphys » Wed Mar 25, 2020 10:26 pm

Fidelity cash management account provides a feature: It auto liquidates money market funds upon transfer/withdraw after the core position (cash) has been used up. Does Schwab provide similar features? Just wondering, might be interested to move there.

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whodidntante
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Re: Does schwab provide auto daily liquidation like Fidelity?

Post by whodidntante » Wed Mar 25, 2020 10:28 pm

No, Schwab doesn't do that.

jello_nailer
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Re: Does schwab provide auto daily liquidation like Fidelity?

Post by jello_nailer » Wed Mar 25, 2020 11:51 pm

and it irritates the living crap out of me...

MnD
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Re: Does schwab provide auto daily liquidation like Fidelity?

Post by MnD » Thu Mar 26, 2020 8:56 am

Managing ins and outs in cash and money market balances at Schwab provides regular math-based activities for customers, thus I consider it a plus. :mrgreen:
70/30 AA for life, Global market cap equity. Rebalance if fixed income <25% or >35%. Weighted ER< .10%. 5% of annual portfolio balance SWR, Proportional (to AA) withdrawals.

kaneohe
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Re: Does schwab provide auto daily liquidation like Fidelity?

Post by kaneohe » Thu Mar 26, 2020 10:45 am

That is how they make much of their $$$ and I am determined to not help them. For small stuff, you can buy/sell one of their money market funds with no frequency limit. For larger stuff you can move to an external high yield savings account that has limits on how many times you can withdraw/statement period. The Schwab ACH (moneylink) system is very good and will get funds the next day if the order is done early enough........but you are the automation that makes it work (or not)

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