Learn about Fidelity’s government money market fund SPAXX, which typically invested 100% or more in cash or cash equivalents in the form of short-term US government securities or repurchase agreements that are fully-collateralized by cash or securities.
Holding cash on the sidelines in a Vanguard’s VMFXX money market account? You may be wondering how fed funds rate cuts impact your savings rate. Vanguard’s VMFXX federal money market fund is your Vanguard.com account’s cash sweep account, where your money is held before it’s deployed into buying stocks. The brokerage borrows money from the … Read more
Fidelity money market funds like SPAXX, SPRXX, and FDLXX, are offering yields north of 4.9%. Unsurprisingly, investors are leaving their money inside their core position rather than investing it elsewhere. Some investors on Reddit are wondering what would happen to these Fidelity money market funds in the event of a government shutdown. Specifically, how long … Read more