I agree with that.There is a solid reason why VMFXX is less than ideal, particularly if OP is in a high tax state. VUSXX would likely be an better option. Though they could also do SGOV.
Warren Buffett has advocated this portfolio, 90% S&P500 index (which is what VOO is) and 10% short term treasuries (which is basically cash, and VMFXX is a cash equivalent).
The cash serves as a cushion to use if you need it or to rebalance when the market drops.
Statistics: Posted by anon_investor — Sat Dec 09, 2023 10:20 pm — Replies 18 — Views 963