Augustine <evandro@[EMAIL PROTECTED]
> writes:
> On Mar 31, 4:07 pm, BreadWithS...@[EMAIL PROTECTED]
wrote:
[Re: Vanguard Short-Term Tax-Exempt Fund Admiral Shares]
> > Hard to go wrong with that fund, again, aside from possible
> > AMT considerations.
>
> I don't know... It's got fairly high expenses
8 basis points? That's astoundingly low.
Even the "investor" shares (with much lower minimums)
have only 15bp expenses.
> and the net return is about the inflation rate.
Yes, it is. Which, at the moment, for short-term
capital preservation (ie. cash equivalents) is about
all you can expect. Remember, the OP did *not* want
to risk the money.
> CD's seem to yield a better return. Or did
> I miss something?
"tax exempt"
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