How To Buy Treasury Bills On Schwab 2022 | Step-By-Step Tutorial

[@DiamondNestEgg]

Thanks for visiting our personal finance channel! We hope this free content will help fast-track your financial journey! Everyone's financial journey is different. Please note that there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances. >>>> WATCH NEXT >>>> ⭐ Top 9 Things You Should Know About T-Bills: kzbin.info/www/bejne/oHqln2aMe9B3rZo ⭐ I Bought A $60,000 T-Bill Ladder: kzbin.info/www/bejne/lZDSoqmaqbGin6c ⭐ How To Buy Treasury Bills, Treasury Notes, Treasury Bonds: kzbin.info/www/bejne/qHfYmnZjirOYg8U ⭐ Buy I-Bonds In Sept, Oct OR Nov: kzbin.info/www/bejne/rKeue6Vnp86WY9U ⭐ UPDATE November I Bond Rate Prediction 2022: kzbin.info/www/bejne/hZvNh5aibM2Ee9k ⭐ I-Bond Interest App For Android Users: kzbin.info/www/bejne/e2OsmWqYgLSSi5o ⭐ What are TIPS & How To Buy Them (Treasury Inflation-Protected Securities): kzbin.info/www/bejne/l5vak2OYqtSBsKc ⭐ How To Buy An I Bond (step-by-step tutorial) via TreasuryDirect: kzbin.info/www/bejne/l5XdnqKulMRlsK8 ⭐ How Is I-Bond Interest Formula Calculated & When Does It Show Up In Your Account: kzbin.info/www/bejne/b5nJeaKJns99e80 ⭐ I-Bonds 9.62% Confirmed: How Much Could You Earn: kzbin.info/www/bejne/sKixpYmEn5JnhpY ⭐ How To Buy More/ GIft I Bonds (For Spouses & Marred Couples): kzbin.info/www/bejne/mITSi32ArtWGd7M ⭐ I-Bond Gifting Tips, Restrictions & Limitations: kzbin.info/www/bejne/aIaliYuHit19aq8 ⭐ I-Bond Beneficiary vs. Secondary Owner: kzbin.info/www/bejne/a2KTimN6as2ijNE ⭐ How To Buy I-Bonds For Kids (step-by-step tutorial): kzbin.info/www/bejne/j52oZIiupMqUnpY ⭐ How To Buy I-Bonds With A Trust (step-by-step tutorial): kzbin.info/www/bejne/bYC6mJWZmMqnrJo ⭐ How To Create A Revocable Living Trust To Buy More I-Bonds: kzbin.info/www/bejne/oJSue4SgqbKompI ⭐ How To Buy I-Bonds For Business (step-by-step tutorial): kzbin.info/www/bejne/apeQi3ylnrR5qpI ⭐ I Bonds vs TIPS: kzbin.info/www/bejne/mHrUaYuOpJmJnNE 💎 Subscribe to our channel for all things inflation, I-Bonds, TIPS, Treasury Bills & long-term sustainable wealth!!

[@leewarren5402]

This was helpful on so many levels. But the step by step approach really helped me as I've never done anything like that before. Thank you for your videos.

[@michaelmiddleton3311]

you've really found a youtube niche here. That's not easy. Perfectly explained in it's detail and pace. You've helped me. Thank you! And Happy New Year!!!!!!!🎉

[@sandrarenolds]

success! Placed the first two rungs of a $6000 ladder; have to wait till Thursday to place the 13 week. Felt like you were holding my hand the whole time. Can't believe how much time you put in answering questions. Such customer service!

[@kimpoplar7521]

❤thank you for the step by step with pictures and explaining the highlighted text. It helped so much. I tried other videos and schwabs website to understand but your video was the must helpful. 😊

[@elgrancabron]

Great job! I mean it. I'm a pretty smart fellow, despite my wife's assertions to the contrary, but I have found navigating the Schwab, Vanguard etc.. to be counter intuitive. Your concise and entertaining explanations and instructions are a breath of fresh air. Thank you for the outstanding videos!

[@fog8969]

Excellent tutorial. Couldn't be better, and I'm not just saying that. Companies should hire you to do their tutorials for them. Thanks.

[@davcon3]

Made my first purchase today thru Schwab. Couldn't have done it without your help. Thank you! I bought the 28 day. Couldn't calculate the same investment rate the govt calculated.

[@DiamondNestEgg]

I’m working on a few videos this month that should hopefully help with calculations

[@urbanogarza2992]

Thank you for the great videos! They've been an incredible educational tool for a 100% beginner like me. Your work is much appreciated!

[@DiamondNestEgg]

You‘re welcome!

[@Golden.5555]

Thanks!

[@DiamondNestEgg]

Welcome!

[@jeff.0-3]

Thank you. I'm actually an equity trader and find your videos on Treasuries very helpful and easy to follow. I've actually built a 13 week ladder very recently.

[@d.p9974]

Thank goodness you're here! This video was so helpful to me. Without it, I'd probably still be sitting around for months saying "I'll get around to it."

[@beelust4312]

Maybe I can follow your process and buy some Treasury Bills😊. Nice detailed video.

[@DiamondNestEgg]

Glad it was helpful

[@jimbrown341]

Stunning video. This is how you make a how-to video. You've got it down! Thanks for sharing!

[@twoweeledsoto6072]

I really like the say you take it step by step. Some of us need this.

[@maxangeles6279]

Thank you Jennifer, just purchased my first t bills on Schwab online. enjoyed your tutorial here. Max

[@DiamondNestEgg]

Glad it was helpful!

[@wiseguysmith6519]

Thanks for the video, just placed an order for tomorrow's auction. My first T Bill purchase!

[@DiamondNestEgg]

Glad the video was helpful!

[@chichi2472001]

I will be binge-watching all your informative videos. Thank you very much!

[@netnoob77]

Thanks for the clear and concise instructions!

[@Ayuthaya201]

Great video, I had one follow-up question on Schwab's fees. The BondSource System Agreement and Disclosure Statement (displayed at 5:15) states "When you purchase new issue Bonds in the System, Schwab receives a placement fee or selling concession for providing distribution and operational services, which generally ranges from less than 0.01% to 2% of the par value, or face amount, of the bond, depending on the product." Does this imply that the original seller of the bond may pay Schwab the "placement fee or selling concession?" It's not clear who pays Schwab the fee.

[@howsermd]

I'm looking forward to your video on how to purchase T-Bills on E-Trade! This is a fantastic channel for financial advice and how-to videos. Thank you for all that you do!

[@DiamondNestEgg]

The E-Trade video should be up this weekend

[@catherinelee3182]

Thank you so much for doing this video. I tried to buy some T-Bill through my Schwab account without success for it seemed so complicated to me. Now I’ll try again.

[@lilblackduc7312]

Your unique highlights, animations etc. really help me grasp this information! (along with the manner in which you explain things ;-) Thank you...

[@johnselph4325]

Great site. Great info. I started investing in t-bills after viewing. Worried about government shutdown. What happens to t-bills that have not reached maturity when a shutdown occurs? Thanks, keep the info coming! 1:42

[@John-Brown]

This video was excellent! Clear and thorough.

[@michaelfoglia4369]

Thanks for all of the videos. Recently my 13 week T-Bill matured and I had the rollover set to YES in Schwab. I thought Schwab would do the purchase on Monday and then use the maturing funds from Thursday to settle. This did not happen though. The rollover did not take place until the following Monday, so basically lost one week of interest. (I pushed the funds into Fed Funds MM but this was a hassle cuz I will have to sell those to settle.) I turned this auto rollover feature off for future T-Bills and will manage them myself. Let me know if I am mistaken.

[@DiamondNestEgg]

I’ll have more on this shortly - stay tuned

[@sagarsriva]

Your are amazing. Wish you covered more than just treasuries!

[@cedarforest4621]

Awesome video! Thanks for helping me!

[@kersi-sandiego6036]

Found you by accident last week. Your videos are succinct and and MOST helpful. I've already recommended your site to friends. Thank you VERY much.

[@DiamondNestEgg]

You’re welcome!

[@cagnusmarlsen]

Fantastic video! Thanks a ton!

[@yflegal6503]

Thank you for educating us.

[@tombruckman135]

This video was great. I really learned a lot. Keep up the good work. I new at this and somewhat overwhelmed.

[@AlS.-kn3cq]

I really enjoy all your videos because you make it easy to understand and easy to follow instructions. I just have one question. Once you buy The Treasury Bills at whatever rate. Does this rate fluctuate or does it stay the same for the entire length of time for which you bought The Treasury Bills? Thank you

[@GilbertFleming]

That is just the video I needed to see today! Thanks for this

[@dannydog4849]

Thanks Diamond. You are awesome. You make it so clear. I am with Schwab and this was my first investment ever. I don't trust anything else right now. Need to see what happens in 2023 before I invest in the market...I started off with a 4 week T Bill at $50,000...thanks again

[@DiamondNestEgg]

Glad enjoyed the video!

[@larryhudson7112]

Thanks! Just put my toes in (just a little) with your help. Very helpful with the upcoming turmoil

[@BellDavidE]

Thanks, great tutorial!

[@jdmxxx38]

Thanks for another fine video.

[@MarkDenbaly]

Would appreciate a video on when to sell and how prior to maturity. What would the decision factors be?

[@darlenedavis7753]

Thanks so much for this!

[@jenniferg3251]

Extremely helpful! I have a Schwab account and have been looking at options for some extra cash I want to have available next year for a purchase. Thank you!

[@jamesrobertson504]

Great video! But maybe in a future video, explain how to turn off auto-roll when you want or need the cash?

[@DiamondNestEgg]

Thank you - if you have trouble doing it online, you can always call them.

[@Max-nt7ho]

Hi, thanks a bunch for the valuable and clearly-explained info. I have 3 questions: 1). What’s the difference between buying T-bills on the Treasury Direct website linking to my bank acct. vs. buying T-bills from Schwab using funds in my Schwab acct.? I don’t see any difference. 2). Buying via Treasury Direct, it allows the buyer to specify the number of times to auto-renew or to stop auto-renew, but I don’t see that feature in this video for Schwab. 3). By selecting “yes” for auto enroll on Schwab, how many times will the purchased bill be renewed? Thanks.

[@anneshields8188]

Please note you can not get treasury via the schwab app

[@DiamondNestEgg]

Thanks for sharing

[@HungryHippo702]

Thanks for the video. Very well done and easy to follow.

[@savoleemao5992]

Tha you very much ! Very helpful !

[@Seniormexico1968]

Thanks for the great video! On My way to buy T bonds! Looks like fun too!!!

[@jimmyp371]

Your videos make things so easy for me to understand. Thank you so miuch

[@mozi1971]

Very detailed. Thanks

[@rharrington3355]

You did not show where the money is being pulled from? Is it understood that you have a schwab checking account? Please explain.

[@pjd7591]

Excellent tutorial. Thanks a million, which I hope to make.

[@jac99us]

Thanks for your videos. How do I generated a monthly report from Schwab to see the total interest earned or projected to be earned from treasury bills?

[@nucemgd]

This was exactly what I needed...subscribed

[@Nicole-zv7ee]

Hi Jennifer...........do you prefer Charles Schwab over Fidelity and Vanguard? Does it matter which brokerage someone goes with for treasury bills? Maybe you could do a video on the different brokerages available.....I am new to this and do not currently have a brokerage account with anyone......thank you!

[@Nicole-zv7ee]

@@davidwilliam9451 Can you please elaborate a little bit more--I'm not quite clear on what you mean by "settlement money"? What is "settlement money"?

[@DiamondNestEgg]

Hi Nicole. I've used Fidelity most of my life & that's where most of our investments are, but I recently opened accounts with the other major brokerages to test things out. I'll be doing a comparison video in due course.

[@Nicole-zv7ee]

@@DiamondNestEgg Ok, I will be looking forward to the comparison video. Thank you!

[@prharp]

Perfectly explained! Thank you

[@e.g.7977]

A tutorial on how to do it with Vanguard would help me out a lot 👍

[@rhandy901]

Your videos are so amazing and well planned. I appreciate you going through everything in a step-by-step fashion. I’m curious why you would do this through a brokerage account versus directly through the treasury website. Maybe it’s just for convenience of aggregating your holdings? But I am curious, can you set up an IRA account on Charles Schwab, and buy t- bills for your IRA account?

[@DiamondNestEgg]

I talk about this in my Fidelity vs TreasuryDirect video: kzbin.info/www/bejne/qHfYmnZjirOYg8U

[@txbgould]

Thank you for this video. It is very helpful. Can you tell me what if anything I need to do at maturity if I am not rolling over. Does the T-bill mature for “full value” and there is nothing else I have to do.

[@thaddeuscorea]

Helpful video!

[@kellys4727]

You are so clear and helpful with your explanations. Thank you so much. Kelly

[@just_joc]

You're the best, thank you!

[@pcly]

Thanks for the video. So since it is a "day" order, I can only put in the buy order the day of and not a few days prior?

[@alejoforero80]

And how do I know how much will I receive on maturity date?

[@boblab]

This is new to me so I have to ask. That thousand dollar bond has a twenty dollar profit and you can make that profit + or - every month? Thanks I think your explanations are the best.

[@markpare4256]

Dear Diamond, thank you indeed - I am ready to try this, already having a Schwab account. One question: once you put in the order and get confirmation of the buy, how do you know what the final rate or yield is? Did I miss that? All the best.

[@Mimibldr]

What happens after you buy a 4-week bill? Do you receive payment in 4 weeks? How do you sell if you selected auto-rollover?

[@mustBxtrem4me2commnt]

Thank you! I will buy it at Schwab since E-trade Tbill minimum purch is 5K

[@tonyg3389]

thank you you are great!!!

[@tedstriker6743]

Why do you like to buy new issued bonds?

[@sclufer1801]

Jennifer I was wondering how you would stop the auto rollover. In my Treasury Direct account I am able to auto roll 1 to 7 times and then it will stop. With Schwab is the auto roll indefinite?

[@CraigandJoan]

Thank you!!!

[@TheWinghochui]

Thanks for your useful sharing!

[@Sparty12161]

Great information! If you had $10K to invest in Treasury Bills ladder, do you think $2k a week of 4 week Bills for 5 weeks is a good idea?

[@nancychace8619]

Thank you for sharing.

[@stephenlipps391]

If you place an order for a T-Bill when it's announced on a Tuesday, does the "Timing" designation of "Day Only" refer to the day the order was placed, or the day of the auction, which is 2 days later, on Thursday?

[@Golden.5555]

Thank you I have a schwab account this is very useful

[@bapluda]

How can rates be negative? Who would lend money, to receive less money back? I know it's determined by the competitive bidders. But why would they bid at a loss?

[@DailyMeditation365]

What's the typical return for a t bill like the one you bought?

[@LChen-r2v]

Hello, new to T Bills here and have a question. When you purchase a T Bill, can the rate you purchase at change during the time you hold it or does that rate stay fixed until maturity? Just wondering if the Fed suddenly decides to decrease rates, does that affect people who already hold bills at higher rates. Thank you much!

[@jacobrotich317]

whats the expected returns btw on average? about 2%?

[@DiamondNestEgg]

Here are the rates for the most recent 20 auctions: www.treasurydirect.gov/auctions/announcements-data-results/

[@RW-co6dc]

Should we also consider Floating Rate notes (FRNs)? Seems to mirror the Treasury Bill laddering strategy.

[@DiamondNestEgg]

Depends if you want to hold it for two years or not

[@multimedialearning44]

you are great!!!!

[@MakeaBrick888]

Thank you! Do you know if there is a way to build a ladder with Schwab for t-bills? I tried their custom ladder but seems like the shortest term is 3 months and if I want to do 4, 8, 13 weeks of ladders as shown in your other video, it doesn't seem to be possible.

[@DiamondNestEgg]

I don't know if Schwab has a laddering tool - we build ours on our own: kzbin.info/www/bejne/lZDSoqmaqbGin6c

[@MakeaBrick888]

@@DiamondNestEgg Thank you. I saw your ladder video and thought maybe I could try building it with Schwab. Will have to call them to figure out how to use it but thank you for your videos. Super helpful!

[@ccos3302]

Jennifer...I wanted to update you on the auto-rollover of 17-week T-Bills, or rather, the "non-auto-rollover" situation that existed when you first made this video. I just had a 17-week T-Bill mature, one I had checked off to automatically roll over. Well, it was auto-rolled the same day it matured! Clearly, something changed at Schwab and I would like to think that you and the community called Schwab, as I did, to keep asking questions. They advertised auto-rollover on the website and didn't disable the auto-rollover button when buying a 17-week T-Bill. As a former marketing professional, I took that and both explicit and implicit confirmation that it was possible and told them so. To tell me that it couldn't be done, broke the "truth in advertising rule" most companies are bound to. So, it now appears that the 17-week T-Bill can be rolled over. I will check to see what happens when the next one comes due. Thanks for all you do and teach us here!

[@DiamondNestEgg]

Thanks for the update - let us know what happens when the next one comes due!

[@ccos3302]

@@DiamondNestEgg Fir the 2nd time, my 4-mo. T-bill rolled over at Schwab, so they have integrated it into their rollover feature. If memory serves, these used to be CMBs, or something similar until they were turned into regularly auctioned T-bills. Happy to have everything on auto pilot until a change is warranted. Thanks for all you teach the community!

[@DiamondNestEgg]

You’re welcome & thanks for letting us know!

[@jenniferg3251]

Jennifer I missed the auction windows this week and started looking at the secondary market. Have you done a video on this? I'm with Schwab. Thx!

[@DiamondNestEgg]

Not yet - coming soon!

[@jenniferg3251]

@@DiamondNestEgg Thanks!

[@alvarobarakat1050]

You have very informative videos. I 👍 all of them. You've picked my interest on T-Bills. Could you do one on buying them on Vanguard? Thank you. :)

[@DiamondNestEgg]

It's coming out later this week

[@wnston2000]

You forgot to explain about settlement date of the T-bill purchase. If I am not mistaken you can place an order for another T-bill a week before the expiration of the previous bought T-bill.

[@lisalam2854]

Can I buy I bond thru Swabs?

[@ethanhu9092]

Why isn't the 17 week T Bill available in your example?

[@blaskowitzj]

Hi Jennifer, Thank you for this wonderful step by step. What do you think of the 'CD and Treasury Ladder Builder' tool in Charles Schwab? It seems like the yield is consistent around high 3 to low 4 % range, would this suffice or would you prefer your more custom approach? Please let me know what you think.

[@DiamondNestEgg]

I haven't tested this out, but if I do, I'll be sure to let everyone know!

[@zeroliuxiyuan]

Hi Jennifer, have you tried the bond ladder builder on Schwab and Fidelity . It seems a handy tool to build ladder automatically. What do you think about it?

[@DiamondNestEgg]

I haven’t tried it yet - have you since posting this comment?

[@zeroliuxiyuan]

@@DiamondNestEgg No, I ended up manually building the ladder. It doesn't seem very intuitive...

[@raniz9056]

How come there are no 4 weeks T Bill option on schwab trade today. 2/21/23?

[@DiamondNestEgg]

This video explains this in more detail: kzbin.info/www/bejne/rovVZ3iNoLt9rZI

[@YourDriverSasan]

I can’t find the Bond link thru the app. Is it possible to do this thru app or it must be done thru desktop?

[@DiamondNestEgg]

I did this on my PC

[@johnd9031]

Very helpful information.

[@yuriw777]

Great video, thx! It'd be helpful to learn how to sell what you bought here, assuming you don't want to wait until maturity. Also buy/sell on the secondary market is a good topic

[@DiamondNestEgg]

This is already on our video list

[@cpeterson4290]

Wow, your video's are excellent. Just saw your Schwab video for T-Bills. Can you do one for the secondary market? CP

[@DiamondNestEgg]

It's already on the list

[@jboy1757]

Just to be clear, in your example, you paid $997.93 and will receive $2.07 at maturity?

[@lisas44]

Ty Ty Ty!

[@anthonyiocolano4650]

I bought an 8 week t bill on Schwab , then a 4 week 1 month later, both matured on the same day. Both were set up for reinvestment. When reinvested Schwab combined both of them and gave me a new 4 week Tbill instead of an 8 week and 4 week. They say because the have same cusip and they can't differentiate. I said you were able to differentiate when I purchased and allowed me to reinvest so why not now? Same cusip is the answer. They do not agree that something is wrong with their system.

[@9119nutz]

Thank you for these videos. I use Schwab, but I don’t have the rollover option. Also, when you do roll over t bills, do you still wait a week before the next is purchased?

[@DiamondNestEgg]

Give Schwab a call - they can walk you through how to set this up in detail.

[@RockawayBeachNY]

I buy via Treasury Direct, it's easy and have control. But these are bills that I plan on keeping to maturity.

[@DiamondNestEgg]

Thanks for sharing!

[@Trollberg]

Can I sell the Auctioned tbill before maturity? Or do I have to go thru secondary market offering?

[@DiamondNestEgg]

How To Buy T-Bills On Schwab | Treasury Bills 2023 (Secondary Market) kzbin.info/www/bejne/gqPEg2BvpdpohNE