The 7 Best Money Market Funds to Buy

Looking for a secure investment option? Discover the 7 best money market funds to buy for safety in this article.

Introduction

Investing can be daunting, especially for those who are new to the game. With so many investment options available, it’s hard to know where to start. One option that is worth considering is money market funds.

Also read OpenAI offers reward for finding safety bug in ChatGPT, millions of rupees for users

Money market funds are a type of mutual fund that invests in low-risk, short-term debt securities such as Treasury bills, certificates of deposit, and commercial paper. They are designed to provide investors with a safe and secure place to park their cash while earning a modest return.

Also read Indigo Airlines is Hiring Cabin Crew – AirBus | PAN INDIA | Apply Now

If you’re looking for a safe investment option, money market funds could be the perfect fit. In this article, we’ll explore the 7 best money market funds to buy for safety.

The 7 Best Money Market Funds to Buy for Safety

1. Vanguard Prime Money Market Fund (VMMXX)
2. Fidelity Government Money Market Fund (SPAXX)
3. Schwab Value Advantage Money Fund (SWVXX)
4. TIAA-CREF Money Market Fund (TIRXX)
5. Federated Hermes Prime Obligations Fund (COIXX)
6. JPMorgan Prime Money Market Fund (VPMXX)
7. BlackRock Liquid Environmentally Aware Fund (BLEAX)

Let’s dive into each of these funds to see what makes them the best money market funds to buy for safety.

Also read Organic Farming: A Sustainable and Healthy Way to Produce Food

1. Vanguard Prime Money Market Fund (VMMXX)

Vanguard is known for its low-cost index funds, and the Vanguard Prime Money Market Fund is no exception. This fund invests in high-quality, short-term debt securities issued by the U.S. government, its agencies, and corporations.

One of the reasons why this fund is considered one of the best money market funds to buy for safety is its low expense ratio. With an expense ratio of only 0.16%, this fund is one of the cheapest money market funds available.

Also read H3N8 Vaccine Latest News

2. Fidelity Government Money Market Fund (SPAXX)

The Fidelity Government Money Market Fund invests in U.S. government securities and repurchase agreements. This fund is managed by one of the most reputable fund companies in the world, Fidelity.

Like the Vanguard Prime Money Market Fund, the Fidelity Government Money Market Fund has a low expense ratio of only 0.42%. Additionally, Fidelity has a strong track record of managing money market funds, making this fund a safe investment option.

Also read Blood Sugar Chart 2023: Ideal Sugar Levels for Adults, Children, Symptoms

3. Schwab Value Advantage Money Fund (SWVXX)

The Schwab Value Advantage Money Fund invests in high-quality, short-term debt securities issued by the U.S. government, its agencies, and corporations. This fund is managed by Charles Schwab Investment Management, a well-respected investment company.

This fund has an expense ratio of only 0.18%, making it one of the cheapest money market funds available. Additionally, Schwab offers a variety of resources to help investors make informed investment decisions, making this fund a great option for beginners.

Also read iPhone Deleted Photo Recovery: How to Recover Deleted Photos on Your iPhone

4. TIAA-CREF Money Market Fund (TIRXX)

The TIAA-CREF Money Market Fund invests in a mix of U.S. government securities, repurchase agreements, and high-quality corporate debt securities. This fund is managed by TIAA-CREF, a financial services company that has been around for over 100 years.

One of the benefits of investing in this fund is that it has a relatively high yield compared to other money market funds. Additionally, TIAA-CREF