Sep 4, 2024
12:48:45pm
12:48:45pm
Right now, Money market funds are paying 5+%
I've got emergency cash invested in SWVXX, a Schwab money market fund. If cash is needed, I can sell and then the cash is available the next day.
Share price never varies from $1/share (e.g., not subject to revaluation of bonds as interest rates move around).
I believe the way they keep the share price flat is by only buying short term bonds (like 1-2 months to maturity) and then holding them to maturity.
Share price never varies from $1/share (e.g., not subject to revaluation of bonds as interest rates move around).
I believe the way they keep the share price flat is by only buying short term bonds (like 1-2 months to maturity) and then holding them to maturity.
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- oilman
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- Sep 18, 2024
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POLL: Should you include cash in a brokerage account as part of your emergency fund? The only time you would invest the cash is if an amazing opportunity came up.
Sep 4, 10:33am
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Sep 4, 12:48pm