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The Vanguard Federal Money Market Fund invests in cash and short-term securities issued by the U.S. government. The fund aims to provide current income while maintaining a high level of liquidity ...
A money market fund (also called a money market mutual fund) is an open-end mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. [1] Money market funds are managed with the goal of maintaining a highly stable asset value through liquid investments, while paying income to investors in the form of ...
Fidelity, for example, provides the Fidelity Government Money Market Fund (SPAXX), yielding 4.94 percent as of Sept. 12, as the default on uninvested cash in brokerage accounts.
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Henry Bedinger Rust Brown (February 13, 1926 – August 11, 2008) was an American financial consultant known for inventing the world's first money market fund, the Reserve Fund, with Bruce R. Bent in 1970. [1]
Lay away cash for an emergency or short-term goals with a money market mutual fund. ... You can go directly to a fund provider such as Vanguard or BlackRock, purchase them through a bank, or ...
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