Park $250,000 in the Fidelity Government Money Market Fund (NASDAQ:SPAXX) at today’s roughly 3.5% yield, and you collect about $8,750 in interest a year. Your state wants a cut of nearly half…
Most Fidelity investors never question where their idle cash lands, but the default choice comes with a fee that quietly compounds against you every time short-term rates shift.
Millions of Fidelity account holders park cash in FDRXX without a second thought, but the fund tucked quietly into their core position may be generating more income than anything else in their…
Fidelity quietly assigned your uninvested cash to a fund you never chose, and the fee structure baked into it means most investors are leaving money on the table without realizing it.
Most Vanguard investors never chose to own VMFXX, yet it quietly holds their cash by default and generates real yield on Treasury bills. Whether that default is actually working in your favor…
