Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX). There is a $3k minimum initial investment, but I don't see anything about a minimum balance after that.
I am holding cash for an eventuality that could pop any time in the next 6 to 12 months. I am going to move that cash to a HYSA paying .5% instead of the .01% paid by VMRXX. A couple hundred bucks is a couple hundred bucks, amirite???
I was planning to leave only about $20 in VMRXX to keep it available for future deposits if necessary. Anyone foresee a problem arising from that move?
How little can I leave in VMRXX?
Re: How little can I leave in VMRXX?
I’ve had about 49¢ in that fund for months now.
- retired@50
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Re: How little can I leave in VMRXX?
This won't be a problem. ^^^^^^
If you drain the account to $0, then it would take $3,000 to start it up again.
Regards,
If liberty means anything at all it means the right to tell people what they do not want to hear. -George Orwell
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