Greetings, educated community! I have a Fidelity account keeping no – invested funds in SPAXX- a money market fund invested in government bonds and playing ~4% interest.
I was hoping someone would kindly tell me if a federal default would impact funds held in this vehicle? I know it’s generally safe, but looking toward June I’m nervous. I wonder if it’s time to pull reserves into a standard banking account until after the debt ceiling question is resolved.
Any thoughts greatly appreciated.
Leave a Reply