Comments on: Schwab AMT Tax-Free Money Market Funds

By: Andy

Andy — Thu, 02 Oct 2008 13:59:29 +0000

I just moved my cash sitting on the sidelines to the Vanguard tax exempt money market fund. The yields on these tax free money market funds are amazing espically if you are in the 25% tax bracket and above. A 7.5% equivalent yield with a low 0.17% management fee. Can’t beat that in today’s market. If you live in a state that has state specific tax free money market funds then you are even better off – the Triple Play!

By: TFB

TFB — Mon, 31 Mar 2008 21:45:00 +0000

I don't think there's much risk in these money market funds. See related post Risks in Money Market Funds. But as always, read the prospectus.

By: Schmendrik

Schmendrik — Fri, 21 Mar 2008 16:41:00 +0000

What's the risk of these funds?

By: TFB

TFB — Fri, 14 Mar 2008 16:23:00 +0000

I checked the prospectus for the California fund which was dated October 2007. It said the fund didn't have performance data because it was new. So I think these are still relatively new.

By: Anonymous

Anonymous — Fri, 14 Mar 2008 14:59:00 +0000

Strange how they're making these products look like they're brand new … they've been around for a long time