Why I Don’t Keep My Emergency Fund at a Bank

Описание: Most people keep their emergency fund in the wrong place. In this video, I explain why high-yield savings accounts fall when rates drop and how brokerage settlement accounts and money market funds at Vanguard (VMFXX), Fidelity (SPAXX), and Schwab can be a smarter option for emergency savings.

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Chapters:
0:00 Why Your Emergency Fund Is in the Wrong Place
0:39 Why High-Yield Savings Accounts Fall When Rates Drop
2:13 Emergency Funds Inside Brokerage Accounts Explained
4:57 Vanguard Settlement Account & VMFXX Explained
7:26 Fidelity Cash Management & SPAXX Explained
9:37 Emergency Fund Mistakes to Avoid
11:01 Schwab Cash Sweep vs Money Market Funds
12:31 Do Your Own Research Before Moving Emergency Funds
13:41 Brokerage Account vs Bank for Emergency Funds
14:59 Emergency Fund Rules You Should Follow

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DISCLAIMER
This content is for educational and entertainment purposes only.