Archive for February, 2008

RMMXX no longer NTF at WellsTrade

Thursday, February 28th, 2008

In an earlier post, I noted that Russell’s Institutional Money Market Fund (RMMXX) is available as a NTF under WellsTrade’s free trade program.
Today, DaveTH posted an alert on the Boglehead’s forum:
Wells Fargo seems to have a real problem with paying decent returns on idle cash. Last July they switched from good money market cash sweep […]

Update on tax exempt MMF yields

Wednesday, February 27th, 2008

Just two weeks ago, I noted that taxable MMFs have better after-tax yields than the tax-exempt versions, even for investors in the highest tax brackets. Today, a post on the Bogleheads forum seems to indicate that this yield anomaly is over.
The yield of the Vanguard CA tax-exempt MMF (VCTXX) has jumped 93 bps in one […]

Completed tax loss harvesting

Tuesday, February 26th, 2008

I have a 5% allocation to the healthcare sector. This is currently divided into 2 ETFs: IHI (iShares DJ Healthcare Devices) and IHF (iShares DJ Healthcare Providers).
Shares of IHF have fallen quite a bit since the beginning of the year. Last month, I noticed that part of it could be tax loss harvested.

For those not […]