Question
(based on the information below) If you consider that the rate inflation is about 2%, did the fund to better than inflation? Average annual return
Average annual return fund (SPRXX)
1 YEAR: 4.64%
5 YEARS:1.63%
10 YEARS:1.08%
The Fidelity Money Market Fund is one of several funds that would make a good investment. With no transaction fees and no minimum initial investment needed, investors can easily purchase SPRXX through the brokerage platform offered by Fidelity. The Fidelity Money Market Fund is considered a relatively safe option, providing security and peace of mind due to its focus on short-term, high-quality debt instruments, However, it's important to note that money market funds like SPRXX are not designed to offer exposure to index funds for the total market or both domestic and international equity, as they primarily aim for capital preservation and liquidity.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started