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Chart of the Day: Vanguard’s Prime Money Market Fund (VMMXX) 2012 Performane
By JLP | January 9, 2013
Wow…
A $10,000 investment grew to $10,004 last year.
UPDATE: I went back and found this historical table. The last 10 years have been brutal for money market accounts.
Topics: Chart of the Day | 6 Comments »
January 9th, 2013 at 11:42 am
Draw a chart the ‘right’ way and anything can look good at first glance!
January 9th, 2013 at 12:10 pm
Better than a $10,000 investment growing to $9,999 or lower!
January 9th, 2013 at 12:21 pm
This is a prime example (pardon the pun) of why chart reading is so important. At first glance, it does look like the VMMXX has been on a tear!
January 9th, 2013 at 2:04 pm
A money market is not an “investment” anyway, just a holding box.
January 9th, 2013 at 4:00 pm
I remember when I used this fund before the big crash (pre-2008) — I believe around 5-8% yearly returns then. I’ve since switched to a simple Ally online savings account for this type of savings.
Low yields in money market funds mean that a lot of money is being dumped into them (instead of more riskier stocks / bonds).
January 13th, 2013 at 6:23 am
“instead of more riskier stocks / bonds”
More riskier? Hope you’re better with investing than your grammar.