Comparing Fidelity's Core Money Market Funds (SPAXX, FZFXX, and FDRXX) and FCASH: A Guide on Core Position Changes
Fidelity’s core money market fund positions - which ones do we hold & why? How do you change your core money market fund position (step-by-step)? What other money market fund options might you want to consider? That's what we'll be covering in today's video, including SPAXX, FZFXX & FDRXX vs FCASH & Fidelity's FDIC-Insured Deposit Sweep Program & a brief overview of the municipal money market funds they offer. 👉 Help keep our one-of-a-kind videos unbiased & sponsorship-free through channel membership - become a super-supersaver member: #jenniferlammer #bonds #fixedincome ------- WATCH NEXT (member videos) ⭐ July Live Member Q&A: ⭐ Learn More About Agency Bonds: ⭐ Understanding Credit Ratings: WATCH NEXT ⭐ SIPC 101: _________ SOURCES _________ DISCLAIMER EVERYONE'S FINANCIAL JOURNEY IS DIFFERENT. YOUR PERSONAL FINANCIAL SITUATION IS UNIQUE. NEITHER DIAMOND NESTEGG, LLC, OUR WEBSITE, OUR YOUTUBE CHANNEL, OUR OTHER SOCIAL MEDIA CHANNELS, NOR THIS CONTENT & INFORMATION (THE “SERVICE”) ARE INTENDED TO PROVIDE FINANCIAL, LEGAL, TAX OR OTHER ADVICE. NO FINANCIAL DECISIONS SHOULD BE MADE SOLELY BASED ON THE SERVICE. THE SERVICE IS PROVIDED FOR INFORMATIONAL & ENTERTAINMENT PURPOSES ONLY & IS NOT INTENDED TO BE A SUBSTITUTE FOR ADVICE FROM A PROFESSIONAL FINANCIAL ADVISER OR QUALIFIED EXPERT. ALL OPINIONS & FORWARD-LOOKING STATEMENTS OF THE SERVICE EXPRESSED HEREIN ARE AS OF THE DATE OF PUBLICATION & SUBJECT TO CHANGE. IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF. ANY INFORMATION PRESENTED BY THE SERVICE IS NOT AN OFFER TO BUY OR SELL, NOR A SOLICITATION TO BUY OR SELL ANY SECURITIES OR PRODUCTS MENTIONED. DIFFERENT INVESTMENTS HAVE VARYING DEGREES OF RISK & THERE IS NO ASSURANCE THAT THEY WILL BE SUITABLE FOR YOUR PORTFOLIO. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALWAYS CONSULT A QUALIFIED FINANCIAL, LEGAL, OR TAX PROFESSIONAL REGARDING YOUR SPECIFIC SITUATION. DIAMOND NESTEGG, LLC IS A REGISTERED INVESTMENT ADVISER IN THE STATE OF NEW YORK AND OTHER STATES WHERE IT IS EXCLUDED OR EXEMPTED FROM REGISTRATION REQUIREMENTS. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT CONSTITUTE AN ENDORSEMENT FROM SECURITIES REGULATORS. DIAMOND NESTEGG, LLC RECEIVES COMPENSATION FROM YOUTUBE FOR THE PRESENCE OF ADVERTISING BEFORE, AFTER, AND DURING THIS VIDEO CONTENT AS WELL AS VIA YOUTUBE’S SUPER THANKS FEATURE. DIAMOND NESTEGG, LLC DOES NOT CONTROL THE CONTENT OR PRESENCE OF ANY ADVERTISEMENTS. THE PRESENCE OF ANY ADVERTISEMENT DOES NOT CONSTITUTE AN ENDORSEMENT OF THE AD, COMPANY, ENTITY, OR PRODUCT BY DIAMOND NESTEGG, LLC. ---------- CONTENT DISCLAIMER THE VIEWS & OPINIONS EXPRESSED THROUGH THE SERVICE ARE SOLELY THOSE OF DIAMOND NESTEGG, UNLESS OTHERWISE SPECIFICALLY CITED. MATERIAL PRESENTED IS BELIEVED TO BE FROM RELIABLE SOURCES & NO REPRESENTATIONS ARE MADE BY DIAMOND NESTEGG AS TO OTHER PARTIES' INFORMATIONAL ACCURACY OR COMPLETENESS. ALL INFORMATION OR IDEAS PROVIDED SHOULD BE DISCUSSED IN DETAIL WITH A QUALIFIED ADVISER, TAX OR LEGAL PROFESSIONAL PRIOR TO IMPLEMENTATION. OUR YOUTUBE CHANNEL MAY PROVIDE LINKS TO THIRD-PARTY WEBSITES FOR YOUR CONVENIENCE. WE HAVE NO CONTROL OVER THE ACCURACY OR CONTENT OF THESE LINKS. THE COMMENTS ON THIS CHANNEL, AND OUR OTHER SOCIAL MEDIA CHANNELS, ARE THOSE OF THE CREATORS & DO NOT NECESSARILY REFLECT THE VIEWS & OPINIONS HELD BY DIAMOND NESTEGG, LLC. DUE TO THE SOCIAL NATURE OF THE SERVICE, THESE VIDEOS MAY CONTAIN CONTENT COPYRIGHTED BY ANOTHER PERSON OR ENTITY. DIAMOND NESTEGG, LLC CLAIMS NO COPYRIGHT TO SAID CONTENT & CANNOT BE HELD ACCOUNTABLE FOR THE COPYRIGHTED CONTENT. DIAMOND NESTEGG SHARES & STRIVES TO VERIFY INFORMATION BUT CANNOT WARRANT THE ACCURACY OF COPYRIGHTS OR COMPLETENESS OF THE INFORMATION ON OUR SERVICE. ANY COPYRIGHTED MATERIAL SHARED ON THIS SERVICE IS INTENDED TO BE SHARED BY FAIR USE. IF YOU HAVE A COMPLAINT ABOUT THE USE OF COPYRIGHTED MATERIAL, PLEASE CONTACT DIAMOND NESTEGG PRIOR TO MAKING A COPYRIGHT CLAIM. ANY INFRINGEMENT IS UNINTENTIONAL & WILL BE RECTIFIED TO ALL PARTIES' SATISFACTION. PLEASE REFER TO OUR TERMS OF SERVICE & PRIVACY POLICY LINKS FROM OUR WEBSITE FOR MORE INFORMATION....(read more)
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Fidelity Core Money Market Funds | SPAXX, FZFXX & FDRXX vs FCASH | How To Change Core Position As an investor looking to park your cash in a safe and low-risk investment option, Fidelity Core Money Market Funds might be just what you need. With several different funds available, each with its own set of features and benefits, it's important to compare and understand the differences between them to make an informed decision. Fidelity offers three primary Core Money Market Funds: SPAXX, FZFXX, and FDRXX. These funds are designed to provide investors with a stable investment option that has the potential to earn competitive yields. They invest in high-quality, short-term money market instruments, such as U.S. Treasury securities, commercial paper, and certificates of deposit, aiming to preserve principal and provide liquidity. Let's take a closer look at each of these funds: 1. SPAXX (Fidelity Government Money Market Fund): SPAXX focuses on investing in U.S. government securities and aims to provide investors with a higher level of stability. It is a great choice for conservative investors who seek minimal risk. 2. FZFXX (Fidelity Treasury Money Market Fund): FZFXX invests primarily in U.S. Treasury bills, notes, and bonds, making it an ultra-safe investment option. It is suitable for investors looking for minimal credit risk. 3. FDRXX (Fidelity Government Cash Reserves): FDRXX invests in U.S. government obligations, including securities issued or guaranteed by federal agencies and instrumentalities. It aims to maintain a stable $1 net asset value (NAV) and generate income consistent with the preservation of capital. While SPAXX, FZFXX, and FDRXX are closely related, the variations in the types of securities they invest in differentiate them to some extent. It's important to assess your risk tolerance and investment objectives before choosing among these funds. These Fidelity Core Money Market Funds are often used as "core positions" in investor accounts, serving as a place to park cash temporarily or as a cash allocation within a diversified portfolio. They offer daily liquidity, which means you can easily access your funds when needed. If you decide to change your core position within Fidelity, whether it be from one Core Money Market Fund to another or to switch to another investment option like FCASH, the process is relatively straightforward: 1. Log in to your Fidelity account: Access your Fidelity account through their website or mobile app using your login credentials. 2. Navigate to the "Accounts" section: Look for the section that displays your investment accounts. 3. Select the relevant account: Choose the account in which you want to change your core position. 4. Explore investment options: Within the account, find the section that allows you to invest or trade in different funds. 5. Choose the desired fund: If you want to switch to FCASH, search for it among Fidelity's available investment options and select it. If you prefer to switch between the Core Money Market Funds, choose the desired fund accordingly. 6. Confirm the transaction: Follow the prompts to confirm your investment transaction. Be aware of any fees or restrictions that may apply. Remember, it's always wise to consult with a financial advisor or conduct thorough research before making any investment decisions. Everyone's financial situation and risk tolerance are unique, so what works for one individual may not necessarily be the best option for another. In conclusion, Fidelity Core Money Market Funds offer investors a stable and low-risk option for cash allocation. Whether you choose SPAXX, FZFXX, FDRXX, or even FCASH, understanding your investment objectives and assessing the differences between these funds will help you make an informed decision. https://inflationprotection.org/comparing-fidelitys-core-money-market-funds-spaxx-fzfxx-and-fdrxx-and-fcash-a-guide-on-core-position-changes/?feed_id=123117&_unique_id=64c8e9f8aed8d #Inflation #Retirement #GoldIRA #Wealth #Investing #bestmoneymarketfunds2023 #changecorepositionfidelity #corepositionfidelity #diamondnestegg #fcash #fdrxx #fidelitycoremoneymarketfund #FidelityCoreMoneyMarketFundsSPAXXFZFXXFDRXXvsFCASHFDICInsuredDepositSweep #fidelitycoreposition #fidelityinvestments #fidelitymoneymarketfund #fidelityspaxx #fidelityspaxxreview #fzfxx #howtochangecorepositionfidelity #jenniferlammer #moneymarketfund #spaxx #spaxxfidelity #spaxxvsfdic #spaxxvsfzfxx #TraditionalIRA #bestmoneymarketfunds2023 #changecorepositionfidelity #corepositionfidelity #diamondnestegg #fcash #fdrxx #fidelitycoremoneymarketfund #FidelityCoreMoneyMarketFundsSPAXXFZFXXFDRXXvsFCASHFDICInsuredDepositSweep #fidelitycoreposition #fidelityinvestments #fidelitymoneymarketfund #fidelityspaxx #fidelityspaxxreview #fzfxx #howtochangecorepositionfidelity #jenniferlammer #moneymarketfund #spaxx #spaxxfidelity #spaxxvsfdic #spaxxvsfzfxx
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