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| Topic | Stock Market General #18 |
| Jabodie 02/09/21 9:41:53 AM #166: | @NeonOctopus It's a cash equivalent money market fund, which for Fidelity means it's essentially as liquid as cash. If you want it in cash specifically, you can change your core position to an FDIC deposit sweep where Fidelity will divide your money into accounts with various banks to try to get a half decent interest rate. I keep a cash management account with Fidelity so I have a reserve of funds that can be instantly transferred to my brokerage accounts or spent using a debit card, and that account will only keep your money in an FDIC sweep. Don't get caught up in "selling" SPAXX. For all intents and purposes it's cash. --- <insert sig here> ... Copied to Clipboard! |
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