Money Market Funds For Beginners | The Ultimate Guide

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Title	:	Money Market Funds For Beginners \| The Ultimate Guide
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Did you know about this? - Enjoy!br🌐 Money Talk Hub: discordgg/gNyNW6fKUmbr🔑 Join The Patreon Community: wwwpatreoncom/dannysullybr📕 Below are some of my favorite finance books I have read and recommend 📕brMacroeconomics by David A Moss: amznto/3WIIukmbrMONEY Master The Game by Tony Robbins: amznto/3Rf1Qw1brRich Dad Poor Dad by Robert T Kiyosaki: amznto/3kNPlvBbrThe Intelligent Investor by Benjamin Graham: amznto/3RhkHa6brbrAny requested videos, please let me know in the comments below!
Comment from : @DannySully

I’m just starting out with investing and want to explore money market options I have about $100k to allocate and would love some advice on how to maximize returns while keeping risks low
Comment from : @EmiliaSmith-h8v

Can you do an update video on the difference between buying SPAXX standalone versus the cash management account SPAXX core position?
Comment from : @zenvultra

Too much information couldn’t follow you
Comment from : @makonnenzerfu4045

I like webull cash management 5 although aftertax it's like 4 unless it's in an ira
Comment from : @Punch1st

My money market interest rate was 45 for the first few months, but now it went down to 19 It's a huge drop Is this normal? Why did it suddenly drop so low?
Comment from : @johannessmithenstein

Great job of explaining This video helped me understand better
Comment from : @ryangreen9770

@DannySully Hi, Very good information I've cash sitting in my bank's savings account (FDIC insured of course) earning 006 interest I'm considering moving most of this cash into Fidelity Money Market Account Do you see any risks?
Comment from : @jeetzmail

Wow 😮!Great topic and a very good portfolio to invest inDividend investing is a popular strategy that involves investing in stocks that pay out a portion of their earnings to shareholders in the form of dividends This can provide a relatively stable source of income and potentially lower volatility in a portfoliobrbrThere are some benefits one will derive from Degen if properly executed and the technique applied accordingly br- Regular income streambr- Potential for lower volatilitybr- Opportunities for capital appreciationbr- Inflation protectionbrMost especially working with a good pointer will make the process easily attended
Comment from : @Rooneyrobsin

Why not a HYSA?
Comment from : @Enter36thChamber

How did you do the math to get the $200 for the 5 months of 45 average
Comment from : @THatMex1CaNGuY

I use FDLXX in my CMA, FZFXX as my brokerage core, and FDRXX as my tax-sheltered accounts corebrbrThe only one that matters to me is the one I use in the CMA because that's my cash account The other accounts are all invested
Comment from : @JasonBuckman

Does JP Morgan Chase offer money market fund sweeps?
Comment from : @austinprice1029

Are short term money market funds protected by the fcsc in the uk if held in a sipp? I heard conflicting information
Comment from : @lrac111

What would be a good thing to invest in to build wealth
Comment from : @kaydencha4475

Can you lose principal/initial investment amount in a money market fund?
Comment from : @CherylLouise

Fidelity has a better MM than the ones you mentioned… FDLXX It has no state income tax since it is pure fed treasury, which makes its return much better than its paper 7-day yield if you live in a state with income taxes
Comment from : @Tsyras

Are you allowed to transfer your funds out quickly from FIDELITY GOVERNMENT MONEY MARKET FUND to your personal account?
Comment from : @janedoe63214

you mention they are not FDIC insured yet on Vanguard website for federal money market accounts it states insured up to certain limits How does that work ?
Comment from : @janedoe63214

Excellent video and quality Subscribed
Comment from : @malachiharland6889

Good video bro Fidelity is a super brokerage
Comment from : @loopba

Just wanted to add an additional benefit of money market funds You can have multiple money market positions within a Fidelity account You will have the core position (usually SPAXX) but, in addition, you can have others (like SPRXX) Fidelity aggregates all your money market positions (in an account) when it calculates how much settled cash you have This has some pretty cool implications You can use all your money market funds for withdrawals, purchasing new securities, check writing, and debit card access So if my core position has $500 and an SPRXX position with $1000, I can withdraw $1500, purchase $1500 in new investments, or spend $1500 with a debit card (if you set one up)brbrThe core position will be the first to liquidate when spending money but other money market positions can be treated as cash as far as Fidelity is concerned
Comment from : @brianb12321

I put 30k savings in MM fund with fidelity just a few months ago already made almost a $1000 in returns Never see that with a bank account savings Ony thing that will suck is paying the tax on it I plan on leaving it for a year should be long term capital gains
Comment from : @Mike-01234

SPAXX may not be FDIC insured but is SIPC Insured I guess, thats some insurance rather than none
Comment from : @AZ-mi6ce

SPAXX is giving 498 but expense Ratio on 042, is the EP already 'built in' into the calculation?
Comment from : @AZ-mi6ce

Good video I learned a lot about core position and the different money market tickers to look for It is better to park your money in a place that is at least not depreciating with high inflation like a regular savings acct Con the interest earned is taxable How to get around paying taxes, invest it ?
Comment from : @LooseJointhiphopdance

I have a Vanguard Money market fund We bought stocks during covid and sold high Now the money is just sitting there earning 528 interest and Vanguard reinvests like $53 on their own…Can I lose money on an account like this like how stocks go up and down? Or just interests change and earnings change I’m just worried(not knowing much about it) that I could go from having a good bit of money in there and check it one day and half of it be gone(or any of it)
Comment from : @stephaleeg

Inflation is a hidden tax caused by the government creating more dollars Excuses they feed the public is to hide the agendas they've laid out to fleece the American public
Comment from : @LESSISMOREMOREORLESS

I can’t believe robinhood is charging for this yield Recently parked some cash in a HYS Account and am thinking MM may be a better idea I guess it’s the price of the spread between FDIC insured vs Govt Default Risk 63 Both are important but you won’t get any insured money back from a defaulted government br* 435 a high yield savings acctbr* 498 SPACXXbr* Spread is 063
Comment from : @MoneyVikings

This is the way to go snsxx
Comment from : @ds5651

Thanks for useful info 👍
Comment from : @Morningdovecamp

I purchased some treasury money market fund SNOXX through Schwab I purchased the shares the day after the record date If I were to sell them two weeks later, will I essentially be making no money? Do i have to hold them untill the next record date? Thanks again for your help
Comment from : @stephentaghan8960

How much brokerage get commissioned from your fractional shares?
Comment from : @DuaneEseo-ul1bg

I got a question, when fidelity automatically puts my money in a money market fund, can buy other funds without having to pay taxes?
Comment from : @cmleonel

For just standard savings, do you prefer money market funds or a high-yield savings account? I’m not really sure which is best personally
Comment from : @kevinmeade2485