What is SPAXX Fidelity government money market fund? And should I pull my money out of it?

  • This topic is empty.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • #85585 Reply
    Ray

      Not sure how it was placed there unless it is automated when moving or transferring funds into the account.

      #85586 Reply
      Max

        Is perfectly safe, that’s where your transferred money sits before you purchase shares of your stocks or your mutual fund.

        Right now its seven day yield is 4.75 which is good yield on your cash. I may actually hold my money there that I will use to max out my Roth IRA for 2024.

        Don’t miss: What are your favorite fidelity investments tickers?

        #85587 Reply
        David

          Is this a 401k? It sounds like the QDIA. This is the default if you don’t select anything. I would move it.

          #85588 Reply
          Tzedek

            It’s where your cash sits and earns interest. Do down and it will show you the average annual interest earned over the past 7 days.

            Beats sitting in cash earning nothing.

            #85589 Reply
            Mark

              This is where uninvested cash goes.

            Viewing 5 posts - 1 through 5 (of 5 total)
            Reply To: What is SPAXX Fidelity government money market fund? And should I pull my money out of it?
            Your information:




            Spread the love