I have accounts with Ally, Fidelity, and Schwab currently, though Ally has been my main e-bank, Fidelity for an inherited IRA with various stocks (though I’ve only been selling these off as I need to eventually clear the acct), and Schwab is for a few $100 in “play” money I blew on meme stocks that have since gone to shit. I was planning on cashing everything out of Fidelity when the market improved a little more (knock on wood) and moving it all to Ally, but I may rethink that after reading this.
I didn’t realize the SPAXX fund was a money market acct that earned interest (I know it’s literally in the name), it’s just the default position if you sell off stocks. When it’s listed aside all the other stocks in the acct though, it doesn’t give any indication that it earns any interest.
Is there a good amount to buy t-bills at if doing a t-bill ladder, or would you just take however much you plan to invest in total and divide by ~26 (every other week for a year)? What’s the min amt you can buy at?