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.
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.