Passive Income Dividends | Vanguard Money Market VMFXX
In this video, I go over how much passive income I was able to generate on my cash position in my Vanguard Government Money Market Fund, VMFXX.
Since the money is in a brokerage account, I was able to use it as collateral and sell cash secured puts to generate additional semi-passive income.
We also go over the settlement funds available in other brokerage accounts, such as Fidelity and Robinhood. Finally, we compare a Wealthfront Cash Savings account (a high yield savings account) with the Vanguard VMFXX.
00:00 - Intro
00:13 - 2023 Actual Dividends
00:38 - VMFXX Settlement Fund Explained
01:18 - Average APY
01:49 - With Cash Secured Puts
02:28 - Total Cash Returns
02:39 - Fidelity's Government Money Market
03:23 - Not FDIC Insured
03:43 - S&P 500 Comparison
04:27 - 2024 Fed Rate Cuts Incoming
05:02 - Wealthfront's High Yield Savings Account
06:05 - Robinhood's Cash Sweep Account
07:05 - Robinhood 1% Transfer Bonus
07:28 - Conclusion
#moneymarket #vanguard #passiveincome
DISCLAIMER: I am not a financial advisor. The information contained in this video is for entertainment purposes only. Investing of any kind involves risk. Your investments are solely your responsibility and we do not provide personalized investment advice. It is crucial that you conduct your own research. I am merely sharing my opinion, and other's opinion, with no guarantee of gains or losses on investments. Please consult your financial or tax professional prior to making an investment.
