Is Vanguard's Short Term Investment Grade Adm (VFSUX) a good place to put emergency need money and/or down payment for a future primary residence?
I currently have the money in a money market account that is only earning about .75%.
The emergency money account could be needed as soon as tomorrow. Or, I may never need to use it. This money would be used to pay expenses if I was laid off from my job.
The down payment money may need to be used for a down payment on a primary residence anytime between now and the next ten years.
Is VFSUX a good place to put this type of money, in light of how I may need to make use of this money?
I am trying to earn a better return than .75% without exposing the money to unnecessary additional risk.
Thank you for your advice.
I currently have the money in a money market account that is only earning about .75%.
The emergency money account could be needed as soon as tomorrow. Or, I may never need to use it. This money would be used to pay expenses if I was laid off from my job.
The down payment money may need to be used for a down payment on a primary residence anytime between now and the next ten years.
Is VFSUX a good place to put this type of money, in light of how I may need to make use of this money?
I am trying to earn a better return than .75% without exposing the money to unnecessary additional risk.
Thank you for your advice.