No. of Recommendations: 0
Well, VFIIX certainly won't go down the tubes, but the unit price and the dividends certainly could decrease together (unlike bonds). I consider this fund a buy at below $10/un so it is well, well above that and probably near the top right now, although in this day and age, you never know. Their GNMAs, of course, are Federally guaranteed so you don't need to worry about mortgage defaults. I consider it a pretty good fund. We have a lot of money in the Vanguard Federall MMF which, last I saw, was getting only 0.66% interest.

Disclosure: We own a bit of this fund. I rather wish we had bought some more awhile back when it briefly went below $10/un, but, alas, didn't.

brucedoe
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