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FckMitch t1_j6kywrp wrote

  1. U don’t need a cash management account. U can use either.

  2. I just dump a bunch of cash in the brokerage account.

  3. Whenever u want. Look at new issues and see what is available to purchase

  4. Fidelity has auto roll - you just turn it on when u buy. What is annoying is you can’t turn it off on line - u need to call them

  5. Just make sure you buy new issues. Fidelity doesn’t present the info as nice as Vanguard - you need to look at maturity date to calc if you want to buy 4 week/8 week/13 week etc. The money uninvested is in the brokerage account receives interest.

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Bigchip01 OP t1_j6l2gig wrote

If I need to turn the 4 week into 13 week, I’d this possible with auto roll? Or do I have to manually buy the 13 week after the 4 week matures? Then activate auto roll the ?

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guachi01 t1_j6lcl5a wrote

No, not possible to turn a 4-week into a 13-week with auto-roll. Let the 4-week mature (it'll mature on a Tuesday) and then buy the 13-week on Thursday.

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