In this video, we dive into the world of high-yield interest rates and explore the often overlooked realm of money market accounts and money market funds. But that's not all – we'll take a closer look at Vanguard's Federal Money Market Fund (VMFXX). This might change where you decide to park your cash. I've decided that VMFXX is better than an Ally Savings account in 2023.
Note: I call the ticker symbol VFMXX throughout this video. It's actually VMFXX.
📌Timestamps:
0:00 Intro
0:27 Historical context
2:21 What is a money market account?
3:54 VMFXX
5:22 Ally vs Robinhood vs VMFXX
6:30 Where I'm Moving My Cash
7:56 Outro
#vanguard #moneymarket #interestrates
⚠️Disclaimer:
The content in this video is not financial advice. It is for informational and entertainment purposes only.
