Key insights
- A high-tax bracket investor in California is seeking tax-advantaged cash alternatives on Robinhood, exploring options like SGOV (Treasuries), MUB/PULS (municipal bonds) due to Robinhood's limited offerings and the unavailability of VUSXX. The investor aims to defer dividend income, reflecting a preference for tax efficiency. This indicates a potential shift in investment strategies among Robinhood users in high-tax states, but has minimal impact on the broader US equity market.
Robinhood- looking for best Cash alternative for high tax bracket + high state taxes
I am in high tax bracket, in California (high state tax).
Looking for the best after tax alternative treasury or gov bond or muni bond?
Robinhood dosent hold treasuries and VUSXX isnt available.
I am looking into SGOV and maybe MUB or PULS?
I would love to defer any dividends / income if possible as I dont need it but dont know if thats possible.
Robinhood is quite limiting
https://www.reddit.com/r/investing/comments/1jv8hv8/whats_the_closest_thing_on_robinhood_to_buying/