Hi, my brokerage account is at Fidelity. I am in a high tax bracket. I have my cash parked in FSPXX - California municipal money market fund. Is there any recommendation regarding only keeping a certain percentage of money market funds in a state specific fund as there might be for state specific bond funds. For instance I often see recommendations such as don’t invest more than half of your municipal bond funds in a state specific bond fund ( Bill Bernstein , among others ). Does the same analysis apply to state specific money market funds ? Is it reasonable to keep all my cash in FSPXX or should I split it up and put some percentage in another money market fund such as FDLXX - Fidelity Treasury only money market fund ? I am assuming money market funds would have less state specific risk than a bond fund. I appreciate any insight members can offer, Thanks.
Statistics: Posted by Connemara — Tue Apr 02, 2024 9:44 am — Replies 1 — Views 108
