09-28-2022, 12:03 PM
Breaking the buck with VMFXX
<!-- SC_OFF --><div class="md"><p>Hello, how likely is this to ever happen again? I've got most of my cash sitting in VMFXX waiting for an opportunity to buy securities. I see that BND is dropping as rates on bonds are increasing, obviously, this makes older bonds locked in at lower rates worth less money than a new one. VMFXX being primarily repurchase agreements I'm not sure if this is related or not. Any ideas? Is VMFXX a safe place to park cash? Is there a better option besides under the mattress?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ducatijosh"> /u/ducatijosh </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/xprakr/breaking_the_buck_with_vmfxx/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/xprakr/breaking_the_buck_with_vmfxx/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Hello, how likely is this to ever happen again? I've got most of my cash sitting in VMFXX waiting for an opportunity to buy securities. I see that BND is dropping as rates on bonds are increasing, obviously, this makes older bonds locked in at lower rates worth less money than a new one. VMFXX being primarily repurchase agreements I'm not sure if this is related or not. Any ideas? Is VMFXX a safe place to park cash? Is there a better option besides under the mattress?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ducatijosh"> /u/ducatijosh </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/xprakr/breaking_the_buck_with_vmfxx/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/xprakr/breaking_the_buck_with_vmfxx/">[comments]</a></span>