JPowsSecretlover OP t1_jeebdkw wrote on March 31, 2023 at 12:06 PM

Reply to comment by Durumbuzafeju in "No REALLY, we're doing fine" ~ every bank right now by JPowsSecretlover

Half of it goes to bonds / money markets

Only-Shame5188 t1_jeei0qp wrote on March 31, 2023 at 1:03 PM

I moved some money out of my savings into VMFXX to get a better return.

SuperDadTrapp t1_jefeam1 wrote on March 31, 2023 at 4:43 PM

Can you tell me a little bit about this?

conkers15 t1_jefmg9y wrote on March 31, 2023 at 5:36 PM

If you don't need cash on hand for anything right now, you can buy VMFXX and make more money than if you let said cash sit in a bank that probably pays you close to nothing in interest.

SuperDadTrapp t1_jegxqw6 wrote on March 31, 2023 at 10:59 PM

Awesome I got some cash to spare for investing. I like the way it sounds I’ll do some more research thank you

[deleted] t1_jefcjsy wrote on March 31, 2023 at 4:32 PM

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[deleted] t1_jeg6l8r wrote on March 31, 2023 at 7:49 PM

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Sattu10 t1_jeen9y1 wrote on March 31, 2023 at 1:43 PM

So it’s just moving from consumer banks to investment banks.

Only-Shame5188 t1_jefem3u wrote on March 31, 2023 at 4:45 PM

Yeah basically a money market ran by an investment bank.