4pooling

Bunch of other threads are already discussing the email we all received today 3/15/24 around 12pm Eastern.

I see several of the threads with mainly negative opinions.

This post is my way of thanking M1 Finance for remaining an excellent long term investing platform (as long as you're over the $10,000 minimum required to eliminate the $3 monthly fee). The available benefits for those over $10,000 invested are great:

Built-in margin access at 7.25%.

Ability to use Smart Transfers rules.

Morning and afternoon trade windows.

Up to 10% cash back with the Owner's Rewards Card.

5.00% APY on existing High-Yield Savings Accounts.

Note: For those under $10,000 invested with M1, there are pl

Effective Fed Funds Rate is now 4.33%, so VMFXX has annual 4.05% (7 day SEC) yield as of 12/19/22

VMFXX distributions are partially state tax exempt.

Even though SEC yield is 7 day look back for money market funds, I view it as a simple forward looking annual yield.

VMFXX:

https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx

EFFR (Effective Fed Funds Rate):

https://www.newyorkfed.org/markets/reference-rates/effr