What is the difference between Fdrxx and Spaxx?

What is the difference between Fdrxx and Spaxx?

SPAXX: This is a money market fund. Basically a mutual fund (a fund that pools everyone’s money) that invests in cash and cash-like stuff… FDRXX: This is extraordinarily similar to SPAXX. In fact, the composition, description, overview, yield, and historical yield are virtually identical.

What is a symbol fidelity?

Fidelity is often represented as a woman, shown holding a golden seal and a key, but may also be represented by a dog. Fidelity may be shown alone, or may be accompanied by a dog, a symbol of not only faithfulness but also fidelity. In the Renaissance, Penelope or Griselda might also stand for fidelity.

Is Fidelity a money market liquid?

Fidelity offers government, prime, and municipal (or tax-exempt) money market funds, and is an industry leader, managing over $800 billion in total money market assets. Seeks as high a level of interest income exempt from federal income tax as is consistent with liquidity and stability of principal.

Can I lose money in SPAXX?

You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Is SPAXX a safe investment?

A Money Market Fund like the example above with ticker SPAXX is a fund that basically invests in cash. Money in here is very safe… it won’t go down (or up much) in value and is fully liquid for withdrawal whenever you want.

How should 70 year old invest?

7 High Return, Low Risk Investments for Retirees

  • Real estate investment trusts.
  • Dividend-paying stocks.
  • Covered calls.
  • Preferred stock.
  • Annuities.
  • Participating cash value whole life insurance.
  • Alternative investment funds.
  • 8 Best Funds for Retirement.

Can a stable value fund lose money?

A stable value investment is neither insured nor guaranteed by the U.S. government. There is no assurance that the investment will be able to maintain a stable net asset value, and it is possible to lose money in such an investment.

Can I lose money in Spaxx?

Can you lose money in a money market fund?

Because money market funds are investments and not savings accounts, there’s no guarantee on earnings and there’s even the possibility you might lose money. “It’s a very good short-term place to keep money you need to keep liquid, but you will lose money in terms of the cost of the things you buy.”