I am interested in using the interest/dividends from the MM ETF to pay my rent ($1,500/m). In my bank, I'm sitting on 40k liquid capital. It's not gaining any real interest. Would it be wise to move 30k to a MM ETF and keep a minimum of 10k as a reserve in my bank, which would cover 4-5 months of rent + minor expenses?
The ETF I am eyeing is the Vanguard VMFXX ETF. Which on average yields %5.04 compounding interest.
[link] [comments] https://www.reddit.com/r/stocks/comments/14vlc9j/would_it_be_worth_putting_money_in_my_safe_money/
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