My account got marked as a PDT account. I plan to move the required $25k over to meet the minimum rule, but I do not plan/want to trade with this money at all. It will be essentially parked in my brokerage account just to meet the requirement as it's not money I'm wanting to risk losing.
Before geting hit with the PDT I was considering moving this money into I-bonds (one for me/one for wife), but if I stick it in my brokerage account that isn't so much an option anymore. Is there any type of account similar to a GMMF in risk, with a higher return on investment, and available in a brokerage account? Also, do you lose all that money if the underlying fund manager defaults (ie you hold SPRXX and Fidelity fails).
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