Vanguard Prime Money Market Fund
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Vanguard Prime Money Market Fund
Bogleheads -
With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona.
As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it may have higher Treasuries? The Treasury money market is closed.
Is anyone considering a new money market fund or a short or limited term bond fund in place of a money market with rates near zero?
With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona.
As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it may have higher Treasuries? The Treasury money market is closed.
Is anyone considering a new money market fund or a short or limited term bond fund in place of a money market with rates near zero?
John C. Bogle: “Simplicity is the master key to financial success."
Re: Vanguard Prime Money Market Fund
I’ve moved most of what was in Prime MM to an online savings account to get a better yield. That is a better alternative in my opinion than any of the Vanguard MM funds in the current rate environment.
Re: Vanguard Prime Money Market Fund
+1 and CDs
"Simplify, simplify, simplify! I say, let your affairs be as two or three, and not a hundred or a thousand…” - Thoreau
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Re: Vanguard Prime Money Market Fund
.17% is what Vanguard’s website just said Prime’s giving for an SEC yield.
John Bogle: "It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it."
Re: Vanguard Prime Money Market Fund
+1 to online savings (with account sign-up bonus) and CDs
- anon_investor
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Re: Vanguard Prime Money Market Fund
+1. I am using no penalty CDs, so still have liquidity.
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Re: Vanguard Prime Money Market Fund
My entire fixed income/cash was in 1 month treasury bills bought at auction on auto-roll for free from Fidelity. When yields went briefly negative, I was kicked off auto roll and required call to purchase. I have since switched all of my fixed income/cash to FUMBX (Fidelity short term treasury index fund) expense ratio .03. Duration about 2.3 years. I am now into rarified air of holding more than one mutual fund in my entire portfolio. FXAIX (Fidelity 500 index) expense ratio .015 being the other. It makes my head spin with complication. Any more and I’d need Xanax.abuss368 wrote: ↑Tue Jul 07, 2020 10:49 am Bogleheads -
With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona.
As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it may have higher Treasuries? The Treasury money market is closed.
Is anyone considering a new money market fund or a short or limited term bond fund in place of a money market with rates near zero?
Last edited by Ferdinand2014 on Tue Jul 07, 2020 11:32 am, edited 1 time in total.
“You only find out who is swimming naked when the tide goes out.“ — Warren Buffett
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Re: Vanguard Prime Money Market Fund
I also went the Savings account route. I considered an Ultra Short Term Bond Fund but I needed 100% principal security.
Re: Vanguard Prime Money Market Fund
Not considering moving, but I only keep a few months worth of bills in PMM. I don't really care about missing the small amount of interest - ease of use is more important. I automatically transfer a set amount to my checking account each month.
Re: Vanguard Prime Money Market Fund
No I am not doing any change. I would do if i had a million in there thou.
"My conscience wants vegetarianism to win over the world. And my subconscious is yearning for a piece of juicy meat. But what do i want?" (Andrei Tarkovsky)
Re: Vanguard Prime Money Market Fund
Several have stated: "+1 to online savings (with account sign-up bonus) and CDs"
So ... What is the best current Online Savings and/or Checking bonus offers out there now??
Thanks
So ... What is the best current Online Savings and/or Checking bonus offers out there now??
Thanks
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Re: Vanguard Prime Money Market Fund
Now that was priceless!Ferdinand2014 wrote: ↑Tue Jul 07, 2020 11:28 amMy entire fixed income/cash was in 1 month treasury bills bought at auction on auto-roll for free from Fidelity. When yields went briefly negative, I was kicked off auto roll and required call to purchase. I have since switched all of my fixed income/cash to FUMBX (Fidelity short term treasury index fund) expense ratio .03. Duration about 2.3 years. I am now into rarified air of holding more than one mutual fund in my entire portfolio. FXAIX (Fidelity 500 index) expense ratio .015 being the other. It makes my head spin with complication. Any more and I’d need Xanax.abuss368 wrote: ↑Tue Jul 07, 2020 10:49 am Bogleheads -
With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona.
As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it may have higher Treasuries? The Treasury money market is closed.
Is anyone considering a new money market fund or a short or limited term bond fund in place of a money market with rates near zero?
John C. Bogle: “Simplicity is the master key to financial success."
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Re: Vanguard Prime Money Market Fund
The focus of my questions is aimed more at the RISK of Prime Money Market fund more so than the lower interest rate!
Not yield shopping but rather is Federal Money Market (or another money market) less risk than Prime Money Market.
Not yield shopping but rather is Federal Money Market (or another money market) less risk than Prime Money Market.
John C. Bogle: “Simplicity is the master key to financial success."
- anon_investor
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Re: Vanguard Prime Money Market Fund
Sounds like something you could easly set up with any online savings account...
- anon_investor
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Re: Vanguard Prime Money Market Fund
I would consider Vanguard's Prime Money Market Fund effectively risk free because the Federal Reserve Bank set up a Money Market Mutual Fund Liquidity Facility:
(https://www.federalreserve.gov/monetarypolicy/mmlf.htm)
But personally, I pulled all my money out of money market funds and moved it all to FDIC insured accounts where I can get significant'y better rates.
Re: Vanguard Prime Money Market Fund
About a month ago Capital One had a sign-up bonus that I used but I think it's expired now. One resource for finding current bank bonuses is https://www.doctorofcredit.com/best-ban ... t-bonuses/. Note that many/most require a direct deposit to qualify.
I used https://www.depositaccounts.com/blog/cd-rates-survey/ to look for best current CD rates.
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Re: Vanguard Prime Money Market Fund
Yields on all short duration quality fixed income have been devastated by the FED 0 - 0.25% rate policy. FED policy sets short rates, has somewhat less influence on long rates. With such incredibly low rates, essentially zero, in very short term instruments, the difference in yields isn't going to put a lot of money in anyone's pocket by choosing one option versus another. If you want a modest improvement in yield you either have to accept longer duration which has its own risk (inflation/rising rates) and/or default risk (corporates). Nothing in quality fixed income at present is expected to outperform inflation going forward and many may underperform inflation producing negative real yields which is what TIPS offer now. The FED is pushing investors away from fixed income and toward risk assets attempting to prevent worse things from happening by choosing the lesser of two evils as they see it.
Garland Whizzer
Garland Whizzer
Re: Vanguard Prime Money Market Fund
I went into Vanguards short-term bond fund last fall, and its worked great. Keep the emergency fund there.
Re: Vanguard Prime Money Market Fund
Hahahabuss368 wrote: ↑Tue Jul 07, 2020 12:31 pmNow that was priceless!Ferdinand2014 wrote: ↑Tue Jul 07, 2020 11:28 amMy entire fixed income/cash was in 1 month treasury bills bought at auction on auto-roll for free from Fidelity. When yields went briefly negative, I was kicked off auto roll and required call to purchase. I have since switched all of my fixed income/cash to FUMBX (Fidelity short term treasury index fund) expense ratio .03. Duration about 2.3 years. I am now into rarified air of holding more than one mutual fund in my entire portfolio. FXAIX (Fidelity 500 index) expense ratio .015 being the other. It makes my head spin with complication. Any more and I’d need Xanax.abuss368 wrote: ↑Tue Jul 07, 2020 10:49 am Bogleheads -
With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona.
As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it may have higher Treasuries? The Treasury money market is closed.
Is anyone considering a new money market fund or a short or limited term bond fund in place of a money market with rates near zero?
"My conscience wants vegetarianism to win over the world. And my subconscious is yearning for a piece of juicy meat. But what do i want?" (Andrei Tarkovsky)
Re: Vanguard Prime Money Market Fund
I am using Vanguard Ultra Short Bond Fund in place of money market. 30 day SEC Yield is 1.27%.abuss368 wrote: ↑Tue Jul 07, 2020 10:49 am Bogleheads -
With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona.
As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it may have higher Treasuries? The Treasury money market is closed.
Is anyone considering a new money market fund or a short or limited term bond fund in place of a money market with rates near zero?
Dave
"Reality always wins, your only job is to get in touch with it." Wilfred Bion
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Re: Vanguard Prime Money Market Fund
Curious, how did that fund do during the March crash?Dave55 wrote: ↑Tue Jul 07, 2020 1:02 pmI am using Vanguard Ultra Short Bond Fund in place of money market. 30 day SEC Yield is 1.27%.abuss368 wrote: ↑Tue Jul 07, 2020 10:49 am Bogleheads -
With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona.
As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it may have higher Treasuries? The Treasury money market is closed.
Is anyone considering a new money market fund or a short or limited term bond fund in place of a money market with rates near zero?
Dave
Re: Vanguard Prime Money Market Fund
The Ultra declined 1.3% and the Short-term declined 1.9%.anon_investor wrote: ↑Tue Jul 07, 2020 1:06 pmCurious, how did that fund do during the March crash?Dave55 wrote: ↑Tue Jul 07, 2020 1:02 pmI am using Vanguard Ultra Short Bond Fund in place of money market. 30 day SEC Yield is 1.27%.abuss368 wrote: ↑Tue Jul 07, 2020 10:49 am Bogleheads -
With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona.
As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it may have higher Treasuries? The Treasury money market is closed.
Is anyone considering a new money market fund or a short or limited term bond fund in place of a money market with rates near zero?
Dave
Re: Vanguard Prime Money Market Fund
approx. -1.4%anon_investor wrote: ↑Tue Jul 07, 2020 1:06 pmCurious, how did that fund do during the March crash?Dave55 wrote: ↑Tue Jul 07, 2020 1:02 pmI am using Vanguard Ultra Short Bond Fund in place of money market. 30 day SEC Yield is 1.27%.abuss368 wrote: ↑Tue Jul 07, 2020 10:49 am Bogleheads -
With the unprecedented stimulus, the Federal Reserve stepped in to support and backstop Prime Money Market funds during Corona.
As a result, is the Federal Money Market with Vanguard (which is Vanguard's default money market fund for their brokerage offering) a better alternative as it may have higher Treasuries? The Treasury money market is closed.
Is anyone considering a new money market fund or a short or limited term bond fund in place of a money market with rates near zero?
Dave
Dave
"Reality always wins, your only job is to get in touch with it." Wilfred Bion
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Re: Vanguard Prime Money Market Fund
deleted
Last edited by Jeff Albertson on Tue Jul 07, 2020 6:49 pm, edited 1 time in total.
Re: Vanguard Prime Money Market Fund
But that would require more effort than I am willing to make for the small amount of additional interest.anon_investor wrote: ↑Tue Jul 07, 2020 12:32 pmSounds like something you could easly set up with any online savings account...
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Re: Vanguard Prime Money Market Fund
I can understand that if it is not a lot of money. But on even $10k, and extra 1% of interest is $100/yr. I know a lot of Bogleheads likely have a lot more than that in "cash".rkhusky wrote: ↑Tue Jul 07, 2020 1:32 pmBut that would require more effort than I am willing to make for the small amount of additional interest.anon_investor wrote: ↑Tue Jul 07, 2020 12:32 pmSounds like something you could easly set up with any online savings account...
Re: Vanguard Prime Money Market Fund
$10K is close to my average balance. I am not interested in jumping through hoops for $100/yr that might disappear in less than a year.anon_investor wrote: ↑Tue Jul 07, 2020 1:45 pm
I can understand that if it is not a lot of money. But on even $10k, and extra 1% of interest is $100/yr. I know a lot of Bogleheads likely have a lot more than that in "cash".
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Re: Vanguard Prime Money Market Fund
I hold so little money in any MM fund the interest rate does't really matter. My MMF is just a portal to between my credit union and Vanguard.
When Vanguard made Vanguard Federal Money Market mf the sweep account, I exited all our Vanguard Prime Money Market mf to reduce number of holdings.
Vanguard Federal Money Market Mutual Fund
Principal Investment Strategies
The Fund invests primarily in high-quality, short-term money market instruments.
Under normal circumstances, at least 80% of the Fund’s assets are invested in
securities issued by the U.S. government and its agencies and instrumentalities.
Although these securities are high-quality, most of the securities held by the Fund are
neither guaranteed by the U.S. Treasury nor supported by the full faith and credit of
the U.S. government. To be considered high quality, a security must be determined by
Vanguard to present minimal credit risk based in part on a consideration of maturity,
portfolio diversification, portfolio liquidity, and credit quality. The Fund maintains a
dollar-weighted average maturity of 60 days or less and a dollar-weighted average life
of 120 days or less.
Government money market funds are required to invest at least 99.5% of their total
assets in cash, U.S. government securities, and/or repurchase agreements that are
collateralized solely by U.S. government securities or cash (collectively, government
securities). The Fund generally invests 100% of its assets in government securities
and therefore will satisfy the 99.5% requirement for designation as a government
money market fund
Vanguard Prime Money Market
Principal Investment Strategies
The Fund invests primarily in high-quality, short-term money market instruments,
including certificates of deposit, banker’s acceptances, commercial paper, Eurodollar
and Yankee obligations, and other money market securities. To be considered high
quality, a security must be determined by Vanguard to present minimal credit risk
based in part on a consideration of maturity, portfolio diversification, portfolio liquidity,
and credit quality. The Fund invests more than 25% of its assets in securities issued
by companies in the financial services industry. The Fund maintains a dollar-weighted
average maturity of 60 days or less and a dollar-weighted average life of 120 days or less
OP, yes, Vanguard Federal Money Market Mutual Fund is safer.
However, Vanguard Prime Money Market Mutual Fund is also safe. I use only the Vanuard Federal Money Market Mutual Fund because I prefer fewer holdings.
Broken Man 1999
When Vanguard made Vanguard Federal Money Market mf the sweep account, I exited all our Vanguard Prime Money Market mf to reduce number of holdings.
Vanguard Federal Money Market Mutual Fund
Principal Investment Strategies
The Fund invests primarily in high-quality, short-term money market instruments.
Under normal circumstances, at least 80% of the Fund’s assets are invested in
securities issued by the U.S. government and its agencies and instrumentalities.
Although these securities are high-quality, most of the securities held by the Fund are
neither guaranteed by the U.S. Treasury nor supported by the full faith and credit of
the U.S. government. To be considered high quality, a security must be determined by
Vanguard to present minimal credit risk based in part on a consideration of maturity,
portfolio diversification, portfolio liquidity, and credit quality. The Fund maintains a
dollar-weighted average maturity of 60 days or less and a dollar-weighted average life
of 120 days or less.
Government money market funds are required to invest at least 99.5% of their total
assets in cash, U.S. government securities, and/or repurchase agreements that are
collateralized solely by U.S. government securities or cash (collectively, government
securities). The Fund generally invests 100% of its assets in government securities
and therefore will satisfy the 99.5% requirement for designation as a government
money market fund
Vanguard Prime Money Market
Principal Investment Strategies
The Fund invests primarily in high-quality, short-term money market instruments,
including certificates of deposit, banker’s acceptances, commercial paper, Eurodollar
and Yankee obligations, and other money market securities. To be considered high
quality, a security must be determined by Vanguard to present minimal credit risk
based in part on a consideration of maturity, portfolio diversification, portfolio liquidity,
and credit quality. The Fund invests more than 25% of its assets in securities issued
by companies in the financial services industry. The Fund maintains a dollar-weighted
average maturity of 60 days or less and a dollar-weighted average life of 120 days or less
OP, yes, Vanguard Federal Money Market Mutual Fund is safer.
However, Vanguard Prime Money Market Mutual Fund is also safe. I use only the Vanuard Federal Money Market Mutual Fund because I prefer fewer holdings.
Broken Man 1999
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Re: Vanguard Prime Money Market Fund
Lucky for me I already had an online high yield savings account, so it was just a matter of a few mouse clicks.rkhusky wrote: ↑Tue Jul 07, 2020 1:49 pm$10K is close to my average balance. I am not interested in jumping through hoops for $100/yr that might disappear in less than a year.anon_investor wrote: ↑Tue Jul 07, 2020 1:45 pm
I can understand that if it is not a lot of money. But on even $10k, and extra 1% of interest is $100/yr. I know a lot of Bogleheads likely have a lot more than that in "cash".
Re: Vanguard Prime Money Market Fund
We've moved from our long-held Prime MM to a Short-term Bond ETF (BSV).
Re: Vanguard Prime Money Market Fund
A couple of months ago I moved a part of my money in Prime MM and Municipal MM into the Ultra Short Term Bond fund. So far, so good, but my time frame is very short, and I'm uncertain how I will view this move as time marches on.
Re: Vanguard Prime Money Market Fund
I did the same. Moved most of my Prime MM funds to Ally.
Francis
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Dale Carnegie
Re: Vanguard Prime Money Market Fund
+1
“The only freedom that is of enduring importance is freedom of intelligence…” John Dewey
Re: Vanguard Prime Money Market Fund
Investment grade version or the index version?
Stocks-80% || Bonds-20% || Taxable-VTI/VXUS || IRA-VT/BNDW
Re: Vanguard Prime Money Market Fund
BSV? Might be a good idea
"My conscience wants vegetarianism to win over the world. And my subconscious is yearning for a piece of juicy meat. But what do i want?" (Andrei Tarkovsky)
Re: Vanguard Prime Money Market Fund
What worse things are they trying to prevent?garlandwhizzer wrote: ↑Tue Jul 07, 2020 12:55 pm Yields on all short duration quality fixed income have been devastated by the FED 0 - 0.25% rate policy. FED policy sets short rates, has somewhat less influence on long rates. With such incredibly low rates, essentially zero, in very short term instruments, the difference in yields isn't going to put a lot of money in anyone's pocket by choosing one option versus another. If you want a modest improvement in yield you either have to accept longer duration which has its own risk (inflation/rising rates) and/or default risk (corporates). Nothing in quality fixed income at present is expected to outperform inflation going forward and many may underperform inflation producing negative real yields which is what TIPS offer now. The FED is pushing investors away from fixed income and toward risk assets attempting to prevent worse things from happening by choosing the lesser of two evils as they see it.
Garland Whizzer
Re: Vanguard Prime Money Market Fund
Wells Fargo checking for $400 bonus with at least $4000 in direct deposit, Citi checking and savings for $400 bonus with $15k+ new to Citi funds, and Capital One savings for $300 bonus with $30k+ new monies (well tiered from $100-$500 for every $10k) and a high interest amount, currently down to 1.0% (that offer is no longer). I plan to move funds to Capital One later for the higher rate or evaluate and potentially use Vanguard short-term bond...
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Re: Vanguard Prime Money Market Fund
What about Vanguard Short Term Federal Fund (VSGBX)?
https://investor.vanguard.com/mutual-fu ... file/VSGBX
Re: Vanguard Prime Money Market Fund
+1anon_investor wrote: ↑Tue Jul 07, 2020 7:30 pmWhat about Vanguard Short Term Federal Fund (VSGBX)?
https://investor.vanguard.com/mutual-fu ... file/VSGBX
Nice find.
Stocks-80% || Bonds-20% || Taxable-VTI/VXUS || IRA-VT/BNDW
Re: Vanguard Prime Money Market Fund
Looks great to meanon_investor wrote: ↑Tue Jul 07, 2020 7:30 pmWhat about Vanguard Short Term Federal Fund (VSGBX)?
https://investor.vanguard.com/mutual-fu ... file/VSGBX
"My conscience wants vegetarianism to win over the world. And my subconscious is yearning for a piece of juicy meat. But what do i want?" (Andrei Tarkovsky)
Re: Vanguard Prime Money Market Fund
Okay if you have a time frame for the money of 2+ years.anon_investor wrote: ↑Tue Jul 07, 2020 7:30 pm What about Vanguard Short Term Federal Fund (VSGBX)?
https://investor.vanguard.com/mutual-fu ... file/VSGBX
Re: Vanguard Prime Money Market Fund
It's 63% Government Mortgage-Backed!1789 wrote: ↑Tue Jul 07, 2020 7:46 pmLooks great to meanon_investor wrote: ↑Tue Jul 07, 2020 7:30 pmWhat about Vanguard Short Term Federal Fund (VSGBX)?
https://investor.vanguard.com/mutual-fu ... file/VSGBX
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Re: Vanguard Prime Money Market Fund
But shouldn't that be less of an issue with such a short duration (2 years)?palanzo wrote: ↑Tue Jul 07, 2020 9:16 pmIt's 63% Government Mortgage-Backed!1789 wrote: ↑Tue Jul 07, 2020 7:46 pmLooks great to meanon_investor wrote: ↑Tue Jul 07, 2020 7:30 pmWhat about Vanguard Short Term Federal Fund (VSGBX)?
https://investor.vanguard.com/mutual-fu ... file/VSGBX
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Re: Vanguard Prime Money Market Fund
We still use Vanguard Treasury Money Market (use any available equivalent) for taxable stable assets (and TSP G Fund for tax-deferred stable assets).
Regardless of inflation, deflation, stagflation, or noflation, a dollar is still a dollar.
In the past, we used FDIC-insured accounts for taxable stable assets, and found it was just not worth the candle (as our British friends would say).
At 50/50 equities/stable assets, on any trading day, our net worth varies by many times more than we could earn annually from FDIC-insured accounts.
We sleep well at night with half our investments in stable assets that may not appreciate, but will not depreciate (nominal value, of course).
As always, your mileage may vary.
I post this only to offer an essential thought - there is no downside to using a Money Market (or equivalent) as ballast.
Regardless of inflation, deflation, stagflation, or noflation, a dollar is still a dollar.
In the past, we used FDIC-insured accounts for taxable stable assets, and found it was just not worth the candle (as our British friends would say).
At 50/50 equities/stable assets, on any trading day, our net worth varies by many times more than we could earn annually from FDIC-insured accounts.
We sleep well at night with half our investments in stable assets that may not appreciate, but will not depreciate (nominal value, of course).
As always, your mileage may vary.
I post this only to offer an essential thought - there is no downside to using a Money Market (or equivalent) as ballast.
Re: Vanguard Prime Money Market Fund
ST Bond Index Fund Admiral, VBIRX
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Re: Vanguard Prime Money Market Fund
VBIRX is also an excellent vehicle.
I advocated for, and was successful, in placing my in-laws home equity proceeds in VBIRX.
Might be the best choice ever!
I advocated for, and was successful, in placing my in-laws home equity proceeds in VBIRX.
Might be the best choice ever!
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Re: Vanguard Prime Money Market Fund
Vanguard Federal MM is lower risk than Vanguard Prime MM.
A Federally insured MM account at a bank or credit union is lower risk than Federal MM.
Re: Vanguard Prime Money Market Fund
I’m showing an SEC yield of .48% on VBIRX. Ally still wins.Dontridetheindexdown wrote: ↑Tue Jul 07, 2020 10:16 pm VBIRX is also an excellent vehicle.
I advocated for, and was successful, in placing my in-laws home equity proceeds in VBIRX.
Might be the best choice ever!
-TheDDC
Rules to wealth building: 75-80% VTSAX piled high and deep, 20-25% VTIAX, 0% given away to banks.
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Re: Vanguard Prime Money Market Fund
I prefer VSGDX the federal short-term bond fund to VBIRX.Dontridetheindexdown wrote: ↑Tue Jul 07, 2020 10:16 pm VBIRX is also an excellent vehicle.
I advocated for, and was successful, in placing my in-laws home equity proceeds in VBIRX.
Might be the best choice ever!
Re: Vanguard Prime Money Market Fund
I am considering moving most of the funds in Vanguard US Treasury Money Market(VUSXX) to VSGBX which has a higher yield of 1.3% and duration of 2.2 years. I considered and liked VBIRX (Short Term Bond Index Fund) but as mentioned above, it's yield is only 0.49%.anon_investor wrote: ↑Tue Jul 07, 2020 7:30 pmWhat about Vanguard Short Term Federal Fund (VSGBX)?
https://investor.vanguard.com/mutual-fu ... file/VSGBX
Last edited by Munir on Wed Jul 08, 2020 1:00 pm, edited 1 time in total.