Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Money market funds
Old 05-18-2019, 07:19 AM   #1
Recycles dryer sheets
Join Date: Mar 2015
Posts: 136
Money market funds

Any suggestions on money market funds with low initial investment?
thepalmersinking is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-18-2019, 07:38 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 27,478
My favorite is VMMXX but that requires $3k initial investment.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 05-18-2019, 07:52 AM   #3
Recycles dryer sheets
Niuatoputapu's Avatar
Join Date: Nov 2014
Posts: 135
I suggest you investigate I like Discover among the MM/Savings options. It is convenient and has a good web site. It is among the top ten rates, but it is not the highest.
ER'd 6/5/2015 at age 58. DW targets R in June of a future year.
Planned WR before my SS (2021-2026) is 5-6%, then start SS and 4% WR at age 70 (2027)
Niuatoputapu is offline   Reply With Quote
Old 05-18-2019, 08:59 AM   #4
Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 2,576
For the highest rates at banks and credit unions, look at Sallie Mae has a good money market account at 2.3 percent. Live Oak has the same rate on a savings account.

The best broker money market funds are at Vanguard.

You can also buy new issue short term treasury bills through the major discount brokers with no fee. They are exempt from state income tax and are sold in $1,000 increments.
Another Reader is offline   Reply With Quote
Old 05-18-2019, 10:06 AM   #5
Thinks s/he gets paid by the post
Join Date: Jan 2018
Location: Elyria, OH
Posts: 1,927
Fidelity and Schwab have money market funds with no minimums. Well, maybe $1.00.
gwraigty is offline   Reply With Quote
Old 05-18-2019, 10:13 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 27,386
Originally Posted by thepalmersinking View Post
Any suggestions on money market funds with low initial investment?
many money market funds have no initial investment requirement as the brokerage expects them to be used like cash.
Retired since summer 1999.
audreyh1 is online now   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Money Market funds in potential danger. clifp FIRE and Money 22 07-06-2011 06:10 AM
U.S. Treasury Money Market Funds antmary FIRE and Money 44 11-28-2010 03:05 PM
Money market funds 101 freebird5825 FIRE and Money 0 08-20-2009 09:08 AM
Money market funds not always safe wcv56 Stock Picking and Market Strategy 3 12-12-2007 12:30 AM
(FAQ archive): Invididual Stocks vs. Funds/Active Funds vs. Passive Funds Nords Early Retirement FAQs 0 10-22-2007 03:07 PM

» Quick Links

All times are GMT -6. The time now is 08:57 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.