Post by Alan S. Users browsing this forum: Bing [Bot] , carguy , cdailey9 , CedarWaxWing , deltaneutral83 , Edie , flamesabers , mega , MindTheGAAP , NancyABQ , soazfree , sungchiahao , Trail Blazer , WoodSpinner and guests. Vanguard Prime Money Market Fund VMMXX Question? Have a question about your personal investments? No matter how simple or complex, you can ask it here.

Why does the Prime Money Market have a expense ratio of. I like to keep cash in my account just in case I feel I need to buy more index funds whether that is in a few months or maybe in a year. If I keep the cash in the Money Market does that mean I will have to pay. Link to Asking Portfolio Questions. Instead I have links to checking and savings accounts paying at least 0.

You can do same-day purchases of Vanguard funds with a linked bank account, so why bother with a money market fund? Of course you may want a money market fund in an IRA account at Vanguard. Suggested format for Asking Portfolio Questions edit original post. I have had prime money fund since the 90's and I believe I have NEVER seen a deduction. It happens behind the scenes. The interest or dividends you earn is what's left after the fund expenses are paid.

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The yields shown by Vanguard are after-expense yields. That's why the lower cost lower ER Admiral shares of a fund show slightly higher yields than investor shares of the same fund, even though the holdings are exactly the same.

The SEC yield on PMM currently is 0. With an expense ratio of 0.

I believe that's what I said with different numbers. My point was the earnings, as little as they are the past few years, have covered the ER. The op seemed to imply he would see a deduction of his principal.

Money A2Z

You don't see the expense represented by the ER come out of your account. At least it hasn't happened yet. So if I have 5k in the money market for my Roth IRA for 2 years. I will see it increase by.

Thanks for clearing everything up for me guys. I think for now I am just gonna keep it in my money market. But for the future, I am gonna look into transferring my Roth to a bank or a credit union.

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Whoops I missed typed that. I meant to say "But for the future, I am gonna look into transferring my Taxable Money Market to a bank or a credit union". Vanguard just moved all of my Money Market funds into VMMXX without my consent Happen to anyone else? Remember Prime has check writing attached to it for many so there is the whole process of issuing, clearing, bouncing etc.

Money market funds are also often part of exchanges when people flee to safety or are going to take money from their other funds. Prime was also, until recently, a clearing account so it had a lot more transactions than say an equity account. Compare an online bank's checking account interest rates if they have one to their savings account or money market account.

They usually pay far less interest on checking than savings or money market. Checked spam and message on my account. Quote Post by Alan S. The price of safety. But will there be options for MM funds with the restrictions? Very little information regarding prospective yields on these funds has been provided. Seems logical that if these funds can hold riskier assets, and therefore bust the buck on the downside, you should get a higher yield.

True, and if so what such funds are an option for VG clients? We moved out of the Vanguard Prime Money Market Fund many years ago to simplify cash management. We simply use our checking account at the bank as the to and from if needed. When yields reduced to essentially zero, this was an easy decision.

I was starting to read this thread and noticed the original date and that new posts with a different subject. No warning or explanation. What's this all about? I got some transaction confirmation notice that was suspicious and thought my account was hacked. I'm on electronic documents, got nothing, and don't recall getting any physical mail recently.

This is very confusing and poor service. We have been Flagship clients for many years and did not receive anything in the mail. We are signed up for "electronic only" communications except for our annual statements.

Returning from a long vacation during May, we found a flood of e-mails from Vanguard regarding this so-called "upgrade". The volume made it difficult to sort out so I called.

The rep I spoke to put such a sense of urgency on the matter, basically that it was coming, ready-or-not, that I went ahead with him over the phone. Only later did I learn that the "upgrade" was immediate and 45 days later my check writing on PMM would be invalid, regardless of having funds in the acct. No funds from PMM were swept into the Federal fund but subsequent earnings were. The checkbook for the Federal account arrived days after the PMM check writing was cancelled, causing a bit of grief from some bounced checks.

Several appeals to Vanguard have so far fallen on deaf ears. Our rep is sympathetic but powerless. Typically I only call Vanguard a time or 2 per year, and can't recall any major issues. However, this process seems to require a phone call a week to get something routine done. IMHO they seem to be rushing this to meet the Oct 1 deadline. One explanation I got was that they had 2 platforms, brokerage and mutual fund, and this would simplify things by going to a single platform.

So far, it has been more complicated to live with. As to cash accounts at Vanguard, I have kept a minimum amount there, with sufficient reserves in conventional bank account to deal with ongoing expenses.

Vanguard could not tell me exactly when they would be doing it - but that it would happen. Our previous settlement fund was Tax Exempt MM. When they converted us organization account all trace of the Tax Exemmpt MM disappeared online. All the money showed up in a day or so.

Vanguard told me that the Tax exempt MM disappeared because holding that fund was not allowed by an organization. I hope the monthly statement shows it.

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