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SPAXX Fidelity Money Market Fund Explained in 52 Seconds
SPAXX or "SPACKS" the Fidelity Government Money Market Fund As the name suggests SPAXX is what's called a money market fund This is a fund that holds ultra short term instruments that are considered cash equivalents such as CD's commercial paper and repo agreements in order to pay what is usually a small interest rate This type of fund usually ...
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