If you didn’t want to maintain a separate bank account for your emergency fund, you could always buy a money market fund inside of the brokerage account.
I think there’s a $3,000 minimum initial investment but Vanguard has VMRXX, which is currently yielding over 5%. Schwab has similar funds with no minimums.
If you didn’t want to maintain a separate bank account for your emergency fund, you could always buy a money market fund inside of the brokerage account.
I think there’s a $3,000 minimum initial investment but Vanguard has VMRXX, which is currently yielding over 5%. Schwab has similar funds with no minimums.
I love your newsletter by the way!
Thank you Mike. I appreciate the tip. I’ll have to look into it. Keep them coming!