undefined | Better HN

0 pointsicedchai7y ago0 comments

You get your dividend, but the actual price may (and did) decline. Actual performance over the past year is under 0.1%.

If you want a guaranteed return you do not buy bonds or stocks. You buy a money market fund like VMMXX. See https://investor.vanguard.com/mutual-funds/profile/performan...

0 comments

whatok7y ago

Very important distinction between money market funds and checking accounts is that they aren't FDIC insured.

icedchaiOP7y ago

True, true. But with a megacorp like Vanguard backing it, I'm personally not too concerned...

rfinney7y ago

Vanguard is not a corporation. It is structured as a mutual company; it is owned by funds managed by the company, and is therefore owned by its customers.

See: https://en.wikipedia.org/wiki/The_Vanguard_Group

1 more reply

j / k navigate · click thread line to collapse