Hi I have a question on Spaxx and what it is/how it works. I have a regular fidelity account buying vti when I can. I sometimes get a dividend or interest payment at the end of the month of a few cents. Is spaxx a stock, from what I understand that's where my money sits prior or after buying/selling a stock.
It says it has a 4.74% yield, seeing as I don't make shit in my bank account I'm thinking of putting a couple hundred bucks and letting sit there and collect the interest $2 a month off $500 if that percent is yearly. if I understand correctly.
Am I wrong can you explain spaxx.
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