Why Vanguard and Fidelity Money Market Funds Are a Money Losing Proposition. Go For A High Yield Savings Account Instead
Like millions of Americans I use Vanguard and Fidelity for managing most of my Mutual funds and ETFs. As a result of selling some stocks and lowering my automatic fund investments (due to a brutal stock market) I have about 20% of my portfolio in cash. I figured that with …