- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Can someone explain to me Vanguard VMFXX
Posted on 5/23/23 at 12:16 pm
Posted on 5/23/23 at 12:16 pm
Could someone explain to me like I am 8 years old, what is the yield on a Vanguard VMFXX account?
Let's say I deposit $60,000 to open the account. What's the yield on a 1 or 2 year period?
Let's say I deposit $60,000 to open the account. What's the yield on a 1 or 2 year period?
1
Posted on 5/23/23 at 12:29 pm to Palomitz
Over 1 year it would be ~5% at today’s yield.. they distribute monthly… so if you had $60k invested for all of the current month, you’d receive about $250 first of next
month.
60k x .05 /12 months. The yield is updated every Monday; doesn’t always change but has gone up almost every week for months.
month.
60k x .05 /12 months. The yield is updated every Monday; doesn’t always change but has gone up almost every week for months.
This post was edited on 5/23/23 at 12:31 pm
Posted on 5/23/23 at 12:39 pm to Clint Torres
Thanks man. That's a pretty good return then.
Posted on 5/23/23 at 12:46 pm to Palomitz
Yup; one of the reasons regional banks are getting their asses kicked.
Posted on 5/23/23 at 2:05 pm to Palomitz
quote:
Thanks man. That's a pretty good return then.
Compared to what? Better than say a savings account, but there are some different stipulations and pro's/con's around money market funds as compared to a savings account so they aren't the exact same.
ETA: And i'm assuming you're just looking for somewhere pretty safe to park money for a bit?
This post was edited on 5/23/23 at 2:19 pm
Posted on 5/23/23 at 3:41 pm to Clint Torres
quote:What if he deposited $84k instead, what would the monthly return be?
so if you had $60k invested for all of the current month, you’d receive about $250 first of next
month.
Posted on 5/23/23 at 3:53 pm to soccerfüt
84k x .05 /12 months
Posted on 5/23/23 at 4:38 pm to Jag_Warrior
Tree fiddy
Posted on 5/23/23 at 5:01 pm to soccerfüt
quote:
What if he deposited $84k instead, what would the monthly return be?
perfect troll, well donePosted on 5/23/23 at 7:44 pm to soccerfüt
quote:Yes, and...what if he deposited $84K, but held it for only 25 days. What would his 25 day return be?
What if he deposited $84k instead, what would the monthly return be?
Posted on 5/23/23 at 9:38 pm to Big Scrub TX
287 dollar bills, 2 quarters, 1 dime, 1 nickel, 2 pennies
Posted on 5/24/23 at 2:15 pm to Clint Torres
as long as the fund doesn't break the buck. unlikely but not impossible.
Posted on 5/25/23 at 10:35 am to MrJimBeam
quote:
perfect troll, well done
I even broke out the calculator to get the answer.
Posted on 5/25/23 at 12:49 pm to REB BEER
You don't have it programmed in your TI-89? Scrub.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News