Anthea's post | Quora

Is Fidelity SPAXX the Hidden Hero of My Cash? Okay, let’s get real for a second—how often do you actually think about where you park your extra cash? Like, not your “I’m going to Vegas” fund, but the pile that sits in your brokerage account, quietly waiting for you to make your next move. If you’re anything like me, you probably never gave it much thought… until you heard about Fidelity SPAXX. Wait, What Even Is SPAXX? So, here’s the deal: SPAXX is basically Fidelity’s core position money market fund. It just chills in your account, acting as your “default” spot for uninvested cash. I know, “money market fund” sounds kinda boring, but honestly, in the world of personal finance, boring can be beautiful. When I first started investing, I had no clue what SPAXX was. I just saw it sitting there, like an uninvited guest at a party, and totally ignored it. Fast forward to me actually paying attention to where my cash goes, I realized SPAXX is quietly working behind the scenes, earning a bit of interest while my money waits for its next adventure. Why Should You Even Care? Let’s be honest: inflation isn’t exactly our best friend right now. If you leave your extra cash just sitting there, it’s basically shrinking. But with something like SPAXX, your cash isn’t just taking up space. It’s actually earning you something back. The yields aren’t going to make you rich overnight, but hey, every little bit helps! What I personally love is the liquidity. Need to buy a stock? Boom, the cash is there. Want to transfer out? No drama. No waiting days for funds to clear. SPAXX is like that friend who’s always there when you need them, no questions asked. My Own “Aha!” Moment I’ll never forget the first time I actually paid attention to my account and saw that my “idle” cash had generated a few bucks in interest. It wasn’t life-changing money, but it made me realize: why let my cash sit around for free when it could be doing *something*? I mean, I’m not about to say SPAXX is glamorous, but it’s definitely practical. And honestly, that’s kind of the vibe I’m going for in my finances these days—making sure every dollar has a job, even if it’s just holding down the fort until I need it. SPAXX fits that role perfectly. What’s the Catch? Of course, nothing’s perfect. SPAXX doesn’t have FDIC insurance like a bank savings account, so there’s always a tiny risk, even though it’s super low. And yeah, the rates can fluctuate, so what you earn today might not be what you earn next month. But personally? I’m cool with that. For me, the convenience and the “something is better than nothing” factor outweigh the downsides. Plus, it beats letting my cash get eaten alive by inflation in a plain old checking account. Bottom Line: Don’t Sleep On Your Cash Here’s my two cents: If you’ve got cash sitting around in your Fidelity account, check what your core position is. If it’s SPAXX, congrats, your money is already low-key hustling for you. If not, maybe it’s time to look into it. Don’t underestimate the power of the little things—like a humble money market fund—when it comes to building wealth. It might not be flashy, but honestly, I’m here for anything that lets my money pull its own weight. So, have you checked your SPAXX balance lately? If not, maybe give it a peek. You might be pleasantly surprised! Let me know—are you team SPAXX, or do you swear by another cash spot for your investments? Drop your thoughts and let’s swap tips!