Top Money Market Funds Better Than T-Bills? | Fidelity, Schwab & Vanguard

[@TheodoreHolroyd]

“a bit of a roller coaster week due to concerns around nearly everything “ - this made me laugh. I need a reason to laugh these days.

[@richm9195]

Thanks for such a clear side by side comparison of the mmfs.

[@loupasternak]

Another great job. You should be on National TV .

[@MikeNie1]

Just watched you daughter's video. Looks like your company has a succession plan. She's watched a lot of your videos. The content and even her speech pattern are very similar to yours. Good job!

[@DiamondNestEgg]

She watches practically every video 😀

[@sandrahoward5512]

Thank you for keeping us informed!

[@davidk6498]

I really love the cash management account at fidelity use my debit and bill pay and I put in spaxx it work like a high yield checking.

[@PhinAI]

I enjoy your videos. Your presentations are excellent!

[@DiamondNestEgg]

📢6% Savings Account For Kids & Teens In New York & New Jersey: kzbin.info/www/bejne/r4Cre5mqidygi8k 📢 Last chance to save on our bond courses - use bonds2025 at checkout to get 10% off our bond courses through Monday, Feb 3rd & learn all about bond investing while yields are high: www.diamondnestegg.com/home#_paa2isucf 💎Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners 💎Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters 💎Email [e-mail] & we will connect you with a colleague who will create your customized annuity plan for you or wait for the rest of our Annuities 2025 video series! >>>>>>>>>> WATCH NEXT >> Our Bond Courses vs KZbin Membership | Which Is Right For You: kzbin.info/www/bejne/fmbLZXivnZWboNE >> Bond Beginners Course Sneak Peak | I-Bonds vs TIPS: kzbin.info/www/bejne/q4mzq5WgmpaaaKc >> Bond Masters Course Sneak Peak | How To Build A Bond Ladder: kzbin.info/www/bejne/pmqTenejjdNkb9U >>>>>>>>>> SOURCES: www.fidelity.com/ investor.vanguard.com/investment-products/money-markets#mm-rates www.schwab.com/money-market-funds www.schwab.com/cash-investments home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics www.treasurydirect.gov/auctions/upcoming/ >>>>>>>>>> Here is the overview for Bond Beginners: 1. Bond Basics What A Bond Is & How A Bond Works Why Invest In Bonds New Issue vs Secondary Market Bonds Interest Rates & Bond Prices Current Yield & Yield To Maturity Always Remember This! Buying At Par, Above Par & Below Par Different Types Of Bonds Wrap-Up 2. The Risks Of Bond Investing Seven Key Bond Risks Credit Risk Interest Rate Risk Reinvestment Risk/Call Risk Inflation Risk Liquidity Risk Currency Risk & Country Risk Bond Risk Mitigation Strategies Wrap-Up 3. US Treasuries Overview What Are US Treasuries Why Invest In Treasuries Where Can You Buy Treasuries How Are Treasuries Taxed Wrap-Up 4. Treasury Bills What Are Treasury Bills (T-Bills) When Do T-Bill Auctions Happen Where Should You Buy At Auction Auto-Roll When Buying At Auction Where To Find Recent Auction Results High Rate vs Investment Rate Reopening Auctions Cash Management Bills (CMBs) Buying & Selling On Secondary Market Wrap-Up 5. Treasury Notes & Bonds What Are Treasury Notes & Bonds When Do Auctions Happen Buying Treasury Notes & Bonds Auction High Yield vs Interest Rate Floating Rate Notes (FRNs) Treasury Zeros (STRIPS) Wrap-Up 6. TIPS (Inflation-Protected) What Are TIPS When Do TIPS Auctions Happen Nominal vs Real Yields Negative Yields How Do You Adjust TIPS For Inflation Taxes On Phantom Income Secondary Market Liquidity Wrap-Up 7. I-Bonds (Inflation-Protected) What Are I-Bonds How Does I-Bond Interest Work I-Bonds vs TIPS The Annual I-Bond Limit Wrap-Up 8. Agency Bonds The Universe Of Bonds What Are Agency Bonds How Are Agency Bonds Taxed Treasuries vs Agencies Who Might Want To Consider Agencies Yield-To-Call & Yield-To-Worst Where Can You Buy Agency Bonds Wrap-Up 9. Municipal Bonds Our Bond Universe Gets More Complex What Are Municipal Bonds How Safe Are Munis How Are Munis Taxed The De Minimis Rule Social Security & Medicare Premiums Treasuries, Agencies & Munis Who Might Want To Consider Munis Wrap-Up 10. Corporate Bonds Our Bond Universe Is Complete What Are Corporate Bonds How Safe Are Corporates Corporate Bond Hierarchies Five Key Features Of Corporate Bonds How Are Corporates Taxed Treasuries vs Corporates, Etc. Who Might Want To Buy Corporates Wrap-Up >>>>>>>>>> Here is the overview for Bond Masters: 1. Stocks vs Bonds Historical Performance Are Bonds Really Less Volatile Why Invest In Bonds Accumulation vs Decumulation Allocation of Stocks vs Bonds Wrap-Up 2. Which Bonds Might Be Right For You Treasuries & Other Types of Bonds Nominal vs Real Yields Inflation vs Non-Inflation-Protected Taxable vs Tax-Advantaged Accounts Wrap-Up 3. Bond Ladders & Other Bond Strategies Normal vs Inverted Yield Curve What Is A Bond Ladder 5 Important Bond Laddering Questions Laddering When Rates Are Rising Laddering When Rates Are Falling Laddering When Rates Are Uncertain What Is A Bullet What Is A Barbell Wrap-Up 4. Holding to Maturity vs Selling Early Why Hold to Maturity When To Sell Early Before Maturity Tax Implications Of Selling Early Wrap-Up 5. Individual Bonds, Bond Funds, Etc. Why Buy Individual Bonds Why Buy Bond Funds Bond Fund Considerations Key Bond Fund Concepts CDs vs Treasuries Other High-Yield Investments Wrap-Up 6. Our B.E.S.T. Model Portfolios By Age Our B.E.S.T Model Portfolios By Age Model Portfolios In The Industry B.E.S.T Model Portfolio Difference How Much Do You Need To Retire? How I Use The Rules of 100, 110, & 120 B.E.S.T Model Portfolios (20s) B.E.S.T Model Portfolios (30s & 40s) B.E.S.T Model Portfolios (50s & 60s) B.E.S.T Model Portfolios (70s+) Wrap-Up 7. The Decumulation Phase What Is The Decumulation Phase? Bear Markets & Recessions What Can You Do In Bad/Bear Markets Decumulation Tax Considerations The 4% Rule The Bucket Strategy The Flooring Approach Jen’s Bucket Strategy With A Twist Wrap-Up >>>>>>>>>> Thanks for visiting our personal finance channel! We hope this content will help fast-track your financial journey! Everyone's financial journey is different. Please note that: 1) there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances 2) we will not ask you to call us or send us money in the comments on this channel or any of our other social media accounts, so if you see comment(s) along those lines, it is most likely spam - PLEASE DO NOT ENGAGE WITH SPAMMERS OR GIVE OUT YOUR PERSONAL INFORMATION FOR YOUR OWN SAFETY

[@kimappreciateslife]

Your daughter is terrific! You must be so proud, Jennifer!

[@jamesdispirito2220]

When I click on the Vanguard funds mentioned in the video from my Fidelity account it says "This fund can not be traded at Fidelity"

[@ScooterOnHisWay2024]

Jennifer is the best at this on YT!

[@Scott-xf5xb]

She really is on top of it. Great videos.

[@johnrogers1251]

Agreed that the videos are informative, and easy for a relative newcomer to fixed-income like myself to understand. A minimum of 'jargon' is used during the videos - straightforward, to-the-point reporting. I also like that the 3 main topics of a video are listed early on, to help you get a feel for the 'pacing' of the video. Great work, @diamondnestegg! I'm glad I stumbled over your channel, and I have subscribed. I'm looking forward to great content each week.

[@jimcookhsd]

Schwabs SWVXX is at 4.3%. Great videos and info, thanks. edit: Prime MMF, sorry.

[@SpaceClick]

But it is not state income tax free as far as I can tell, which means these other funds can have a higher after-tax yield if you live in a state that has a state income tax.

[@stkedu]

I agree Schwab’s SWVXX is a great place to park excess cash

[@gmv0553]

Higher fees then Vanguard.

[@nitinworldtravel]

Great video and thanks ! Would love to see similar information on Tax Free Money Market yields and comparisons.

[@JosephKeyes-jn9ke]

VUSXX dividends are partially (80%) tax exempt in my state NJ, and gives higher interest rate than my Fidelity. No brainer. Thanks DNE!!

[@bigcelery33]

Even better news regarding VUSXX, the 80% exemption was for the 2023 tax year as VUSXX made considerable investments in repurchase agreements earlier that year which are not state tax exempt; hence only 80% of dividends were tax exempt in 2023. In the 2024 tax year, all investments in VUSXX were either t-bills (the overwhelming majority consistently greater than 96% all year) or US government obligations, so per Vanguard's website update on January 22, 2025 for state tax exempt data for their funds, all 100% of VUSXX dividends in the 2024 tax year will qualify for the state tax exemption when you file your tax return for 2024.

[@sandbeach2190]

@@bigcelery33 Yep, VUSXX was 100% state tax exempt in 2024! Whoo hoo!

[@jamesdispirito2220]

Can they be bought through Fidelity?

[@fredWaxBeans11111]

For my Schwab brokerage accounts, I just buy SGOV if I want to park money. I live in a state with income tax, and SGOV is 96.45% state tax exempt. Plus being an ETF, you can quickly buy and sell throughout the trading day, (in case the market tanks and I want to quickly add some IVV or an individual stock) unlike buying into one of Schwab's money market funds, which ties up your money until it's bought or sold at the end of the day.

[@WallaceBMcClure]

What does all of this talk about musk taking over treasury have to do with money market, treasuries, etc?

[@gilbellamy7713]

Thank you for sharing your experience and knowledge. I really enjoyed your videos.

[@kimappreciateslife]

Alliant Credit Union is offering a 12 month CD at 4.25% and if you put in over 75k it’s 4.30%. You can extend the 12 month CD up to 1 day less than 18 months. Only Alliant allows this. So essentially it’s an 17 month & 29 day CD.

[@Macbob-j6f]

What about Schwab swvxx Money Market funds at 4.22% ? Curious why that was left out.

[@OroborusFMA]

SPAXX is where I let my Fidelity cash rest (but never for long!).

[@kimappreciateslife]

I own FZDXX & SPRXX which are Fidelity’s prime MM account. Still Vanguard is higher. However I own T Bills and keep my liquid cash in Fidelity prime MM instead of HYS bank accounts.

[@blueskies1237]

Sgov, while not a money market per se is equivalent to Vanguard because of its very low expense ratio.

[@soitsmelaura]

Great info!

[@billballeza377]

Thanks for the info. It’s very difficult to find the rates on the Vanguard federal money market fund.

[@SwellRipper]

Where can you find, if any given money market fund is like a T-bill, in being exempt from state income taxation, or not? Thanks

[@eddiewimberly4027]

With tariffs in place is it time to look at i- bonds

[@mlk90803]

VWEHX (VANGUARD HIGH-YIELD CORPORATE INV) is getting 6%, but I do not understand what this investment is? Maybe worth discussing?

[@lizardmilk]

I dont use fidelity money market as an alternative for bonds. I use it as an alternative to high yields savings account.

[@jmcmob608]

Thank you very much...

[@dassa0069]

Gabelli has the highest short term treasury fund rate that I have found; they take less managment fee.

[@dassa0069]

4.3096 today.

[@sagig72]

Glad I found this channel and subscribed. One quick question, will much appreciate if you can reply: Since there isnt a Core Position in Schwab, is there an option to set up a rule to automatically repurchase a MM funs each time it expires so I dont have to remember and manually do it every time? Thank you!!

[@lorenzomendez4543]

Yes it’s automatic…ongoing. No need to have to repurchase. Just keeps renewing. It also asks whether you want to have it reinvest dividends…so just click on that option, for reinvesting of the dividends.

[@sagig72]

@@lorenzomendez4543 THANK YOU So much. Truly appreciated.

[@jamesmorris913]

In your money-market comparisons..Schwab is particularly SCANDALOUS, in how default clients into ridulously low yielding MM accts..versus Fidelity and Vanguard. Thanks for your GREAT work, in exposing people to their lack of integrity.

[@sunlover5150]

Just watched you daughter's video. Clearly the apple did not fall far from the tree🍎

[@gogo-bi9qh]

You said FZFXX is a Fidelity Core MMF. My only options are SPAXX or FDIC. I'm in CA.

[@MountainOfTruth]

The "Building an $80,000 Bond Ladder" video link doesn't work, and can't find the video anywhere.

[@peterbedford2610]

I like the ease of MM funds. I think I'm getting about 4.2%. Ten year paying 4.6%.

[@sellspacecoast]

I do not believe you may buy these Vanguard funds at Fidelity. Is that correct?

[@michaelminauro4180]

Good stuff

[@stanleyyelnats69]

3:09 what about SWVXX?

[@Turbopriest]

Yes. 4.21 %

[@decades2550]

Do you feel SNSXX is safer than other funds in Schwab or pretty much the same?

[@edmalin9485]

Why did you leave SWVXX from Schwab out. Also if you sell premium with options , Schwab counts that money towards margin. In other words youre basically double dipping.

[@duaneboykin]

Schwab customers are not allowed to invest into the three Vanguard money market funds listed in this video. Time to open a Vanguard account?

[@vivisimonvi]

Will you talk about Elon Musk ousting the senior official over at the Treasury this Friday? This guy now has the levers to Social Security payments, Medicare, federal salaries, etc. of every American (in the TRILLIONS of dollars). This is absolutely unheard of.

[@funnyguy8042]

Elons tech bros also locked all of the employees at the OPM out of all of their personnel systems. Insane!

[@jstins]

This! How are they getting away with this?! Trump got rid of all the watchdogs.

[@lkd06]

Oh stop watching the twisted msm. He quit, he wasn't ousted. NOTHING to do with our SS and Medicare. He blocked access to the federal government’s hiring and payroll systems. The Trump admin is CLEANING HOUSE

[@dgallahue3571]

His name is David Lebryk and he wasn't ousted, he resigned/retired. DOGE requested access to payment history to perform an audit as this guy oversaw the ~6 Trillion dollars/year disbursements. Lebryk either got offended that someone wanted to look over his shoulder or he's corrupt, either way good riddance. An organization with that much financial responsibility over our tax dollars ought to be audited on a regular basis.

[@Swamprowdy]

You sound vaccinated

[@johnrogers1251]

I'm not seeing a link for the 'Loosing money in a money-market fund' account, that is mentioned at timestamp 05:31? Can you share the link, please?

[@johnrogers1251]

I think I just found it, and it appears to be this: kzbin.info/www/bejne/iqPHe36bmM2SiNk Am I correct? If so, then I note that the thumbnail title ("Loosing money in a money-market fund account' is not the same as the subtitle which is 'Is Cash Better Than A 4.61% Money Market Fund? | Fidelity's SPAXX, Schwab's SWVXX & Vanguard's VMFXX' If I am not correct, can you share the link, please?

[@DiamondNestEgg]

Is Cash Better Than A 4.61% Money Market Fund? | Fidelity's SPAXX, Schwab's SWVXX & Vanguard's VMFXX kzbin.info/www/bejne/iqPHe36bmM2SiNk

[@stephenholcomb9278]

VMRXX is where I keep my non-stock invested cash.

[@DileepB]

How about FNNSX?

[@Scott-xf5xb]

I am a Vanguard fanboy. Been with them for years.

[@HODIUSDUDE]

I've been rolling off of my 1-month T-Bills. Getting ready to re-invest in S&P/Fortune 500 stocks that drop below their 200 DMA in 2025. I've still got about 20% of the portfolio in T-Bills making about 0.25% above the Fidelity Money market.

[@DiamondNestEgg]

Thanks for sharing

[@dmajorx]

Sure you can get more return than TBills other ways but none are providing the security plus the steady gains(especially compared to the 4-Week TBills)

[@mikemadden3967]

Fidelity Money Market Fund Rates Have DROPPED A LOT In The Last Month. The Fidelity Regular MMA (Under $1,000,000) Is Now 4%, From Over 5% A Few months ago.,, I'm Surprised Vanguard's rates are so much higher !

[@KayKay14m]

I stopped buying zero coupon T-Bills since we are in an economic environment where short-term rates will slowly continue to drop. I started buying treasury bonds with the highest coupon via the secondary market using Fidelity. I'm only buying while they are below their maturity price. This means they have a maturity date 20 to 30 years in the future. Typically, I can only buy 2 at a time per order. Sometimes I have to cancel the order if it doesn't fill within seconds, then place the order again and it fills very quickly. I have no idea why that happens.

[@GilbertFleming]

I have my money at E*TRADE. They seem to be paying over 4%. I’d like to know if you could refer me to a E*TRADE money market account that’s tax advantage for the state of California?

[@BenFranklin1776]

Schwab's terrible positions for univested cash (money markets and auto-roll TBills) are why I have moved everything from there to Fidelity.

[@bridgetg1916]

Great video, again! Thanks. Could you do something, Jen, on Vanguard's Cash Plus Account, that is insured? Though the rates are lower than MMs, it seems having your money insured might be a good thing for storing some funds if one can withstand lower yields. Or is this account best for someone who wants a decent yield, but has maxiumum liquidity and flexibility? Thanks!

[@danielmarchisella8895]

I was wondering about the risk for the Money Markets ? can you lose principal or is some type of guarantee?

[@DiamondNestEgg]

Best Money Market Funds 2023 vs Cash | What Are Money Market Funds kzbin.info/aero/PLsv_4H5rP97F-KN9ubyZkNqwN8ViBJyGc

[@samfish6938]

Wilt Elon in chare are government money safe

[@JackSalemiJr]

Not interesting. They don’t pay interest, they pay dividends…so they are subject to declaration date, date of record, pay date. Withdrawing funds at the wrong time of the month and you lose your dividend. Stick to T Bills.

[@michaelzoppo534]

The money market funds I use (VMRXX, for example) have daily ex dates. Perhaps one like that would suit you better.

[@JackSalemiJr]

@michaelzoppo534 Thank You

[@funnyguy8042]

For most money market funds your interest accrues daily and is given to you even if you withdraw prior to month end. And VUSXX is currently yielding 4.34 which is equivalent to all short term treasuries. No monthly buying of treasuries required.

[@JackSalemiJr]

@@funnyguy8042 Not at Schwab. Check out SWVXX

[@JackSalemiJr]

@@michaelzoppo534 but from another perspective, I don't live in FL. My Tbills are free of MA tax, money market funds are not.

[@johnhale5271]

Have FZDXX. Higher yield.

[@mlk90803]

My extra cash is in the Fidelity MM account FZDXX in fidelity and it is at 4.19% this week. This may require higher value accounts?

[@mlusaco]

I'm surprised you didn't mention FDLXX. I use it in conjunction with SPAXX

[@briandadude]

Same

[@Sabomecat]

Thank you for keeping us informed!