Kent Thune at Yahoo Finance, has written a very informative article about Vanguard's confusing Money Market Funds. These are excerpts:
https://www.yahoo.com/lifestyle/vanguar ... 25415.html"Vanguard money market funds don't get a lot of love from the investment community, nor do they receive much attention in financial media."
"But just about every Vanguard investor's assets are held in one of these cash accounts, even if only for a brief period. Thus, it's wise to know how Vanguard's money market funds work, and which one is best for your needs."
"The typical objective of money market funds is to provide current income, while maintaining liquidity and a stable price of $1 per share."
"We'll break down what investors need to know about Vanguard's money market funds, both taxable and non-taxable, and which type might be best for your needs."
Jack Bogle's Words of Wisdom: "They (money market funds) tend to deliver very modest returns, such such reserves should be considered as saving for short-term and emergency needs, not as investment for long-term capital accumulation."