Types of Mutual Funds

Money Market Funds

More on Money Market Mutual Funds

By: Robert F. Abbott, freelance writer and author of Big Macs & Our Pensions

Elsewhere on this What is a Mutual Fund? website, you’ll find an article about money market mutual funds. In that article, you’ll learn about several aspects of these funds, with the most emphasis on their use.

For many of us, money market funds provide a safe haven for our cash when we don’t have it out working for us. Let’s suppose you have just received an inheritance, and you’re not sure what to do with it; while you work out your plan, you can put that cash into a money market fund, where it will get you a modest return, but more than you would get in a bank savings account.

In the article below, you’ll learn more about these funds, including a bit about their history, and why they’re often priced at exactly $1.00…

Money market fund – Wikipedia, the free encyclopedia
A money market fund (also called a money market mutual fund) is an open- ended mutual fund that invests in short-term debt securities such as US Treasury bills …

After reading this article, return to my article at Money Market Market Funds; between the two articles you’ll have all you really need to know about them.

More importantly, you’ll know about parking your money safely, while having it earn a modest income.

The Writer

Robert F. Abbotttop mutual funds is a freelance writer; see his profiles and analyses of value stocks at GuruFocus.com . He is also the author of Big Macs & Our Pensions: Who Gets McDonald’s Profits?

In this book, you will:

  • Discover the Ownership Revolution, and what it means to your retirement funding.
  • Find out how much of your lunch bill is a profit for McDonald’s, and who gets the profits.
  • Learn how corporate profits fuel one of the greatest social programs ever developed.

Click here to read a free preview at Amazon.com

Robert Abbott

Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks.In his other writing, Abbott explores how the middle class has come to own much of big business through pension funds and mutual funds, what management guru Peter Drucker called the Unseen Revolution. In Big Macs & Our Pensions: Who Gets McDonald's Profits?, the first of a series of booklets on this subject, he looks at the ownership of McDonald’s and what that means for middle class retirement income.In an eclectic career, Robert Abbott was a radio news writer and announcer, a newsletter writer and publisher, a farmer, a telephone operator, and a construction worker. When not working, he has been a busy volunteer, which includes more than a decade of leadership roles at the Airdrie Festival of Lights, one of North America’s leading holiday light displays. He lives in Airdrie, Alberta, Canada.