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Old 09-25-2008, 07:45 PM
beliavsky@aol.com
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Default Re: Money-market fund insanity

On Sep 25, 2:05*pm, Rich Carreiro <rlc-n...[at]rlcarr.com> wrote:
- quote -

> Take a look at some MMF yields these days:
> Vanguard Prime: * * *2.23%
> Vanguard Federal: * *2.06%
> Vanguard Tax-Exempt: 4.83% (!)
> Same over at Fido, and I'm sure at other houses.


Funny, I wrote the same message today with subject line "high yields
on municipal money market funds".

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Old 09-25-2008, 06:05 PM
Rich Carreiro
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Default Money-market fund insanity

Take a look at some MMF yields these days:

Vanguard Prime: 2.23%
Vanguard Federal: 2.06%
Vanguard Tax-Exempt: 4.83% (!)

Same over at Fido, and I'm sure at other houses.

Tax-exempt MMFs with "raw" (let alone tax-equivalent) yields
more than double that of taxable funds. That's a pretty
good illustration of the credit market craziness we're
currently engulfed in. (Either that or all those cities
and states really are going to take the big dirt nap...).

--
Rich Carreiro rlc-news[at]rlcarr.com

------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.

 

Tags
fund, insanity, moneymarket
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