AboutWarren Boroson Expertise Author of "Keys to Investing in Mutual Funds" (Barrons), "Ultimate Mutual Fund Guide" (Probus), "How to Pick Stocks Like Warren Buffett" (JKLasser), and "The Reverse Mortgage Advantage" (McGraw-Hill). Former financial columnist for Gannett News Service.
Experience Author of 20 books; winner of 1996 Personal Finance award from Investment Company Institute and Washington University. Formerly on staffs of Money and Sylvia Porter's Magazine. Had a radio program (on WEVD) about mutual funds and a newsletter, FundDigest.
Question Thank you for responding to my recent questions. I have one final question for you: In the information you provided me with today you stated that you hope that my money market fund is a Vanguard money market fund. Is this of special importance? (My entire IRA portfolio, including the money market fund is with Schwab).
Thank you very much.
Answer Dear Robert Watkins:
Vanguard Prime Money Market Fund is one of the consistently high payers among money market funds -- simply because of its low expenses.
Right now, with yields so low, it probably doesn't make much difference which money market fund you use.
But when rates go up, there will be a big difference between the yield of a fund like Vanguard's and those of other fund families. Especially if you are investing a lot of money.
