How does the 7-day yield of VMFXX compare to other cryptocurrencies in the market?

3 answers

• Mar 19, 2022 · 3 years ago
  When it comes to comparing the 7-day yield of VMFXX with other cryptocurrencies in the market, it's important to note that VMFXX is not a cryptocurrency. VMFXX is actually a money market fund offered by Vanguard, which invests in short-term, high-quality securities. While cryptocurrencies like Bitcoin and Ethereum are known for their volatility and potential high returns, money market funds like VMFXX focus on stability and capital preservation. The 7-day yield of VMFXX is typically lower than the potential returns of cryptocurrencies, but it offers a more conservative investment option for those seeking stability in their portfolio.
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• Mar 19, 2022 · 3 years ago
  VMFXX's 7-day yield may not be as exciting as the potential gains from cryptocurrencies, but it serves a different purpose. Money market funds like VMFXX are designed to provide investors with a low-risk, stable investment option. While cryptocurrencies can experience wild price swings, money market funds aim to maintain a stable net asset value (NAV) of $1 per share. So, if you're looking for a safe place to park your cash and earn a modest return, VMFXX can be a suitable choice.
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• Mar 19, 2022 · 3 years ago
  Comparing the 7-day yield of VMFXX with other cryptocurrencies is like comparing apples to oranges. VMFXX is a money market fund that focuses on stability and liquidity, while cryptocurrencies are highly volatile digital assets. The 7-day yield of VMFXX is typically much lower than the potential returns of cryptocurrencies, but it offers a more conservative investment option. If you're looking for steady returns and capital preservation, VMFXX can be a good choice. However, if you're willing to take on more risk for the potential of higher returns, cryptocurrencies might be more appealing to you.
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