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re: Best money market / high yield savings account?
Posted on 4/3/19 at 1:43 pm to FootballNostradamus
Posted on 4/3/19 at 1:43 pm to FootballNostradamus
Why wouldn't I just pick up a bond fund with a high yield like SPHIX?
1
Posted on 4/3/19 at 2:17 pm to Aubie Spr96
quote:
Why wouldn't I just pick up a bond fund with a high yield like SPHIX?
You could, but that is a junk bond fund with an expense ratio of 0.7%. This thread is about saving/money market which is practically impossible to lose money in. A bond fund you can still lose principal.
I do use short term investment grade corp bonds for part of my emergency fund and bonds in my investment portfolio. I don't do longer term/riskier corp bonds as the risk of correlation with the stock market becomes too much.
I'll take risk on the stock/equity side where my bonds are for safety. There is a quote something to the effect that "more money has been lost chasing yield than at the point of a gun".
This post was edited on 4/3/19 at 2:25 pm
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