Chart of the Day: Vanguard’s Prime Money Market Fund (VMMXX) 2012 Performane

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.

6 responses to Chart of the Day: Vanguard’s Prime Money Market Fund (VMMXX) 2012 Performane

  1. Draw a chart the ‘right’ way and anything can look good at first glance!

  2. Better than a $10,000 investment growing to $9,999 or lower!

  3. 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!

  4. A money market is not an “investment” anyway, just a holding box.

  5. 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).

  6. “instead of more riskier stocks / bonds”

    More riskier? Hope you’re better with investing than your grammar.