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What are money market funds? |
What are money market funds? Value of the money fund at the start of business today. This value is prior day's closing balance plus any subsequent sweep transactions applied to the balance by Pershing's ACAM system during the nightly processing money that you gain/obtain in the stock market Basically, money market funds are accounts where extra cash, say, in a bank account, is borrowed by the institution to be used as loans. Similar to the guaranteed interest on a bank account if you maintain a certain balance. A portfolio of debt (corporate, government, municipal) with very short maturities (often just days) and high ratings, with a stable (though not absolutely) guaranteed net asset value of $1.00 per share. |
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The question isn't very clear, but I will do my best to answer. There is no such thing as a money market fund in foreign currencies, unless you actually open a foreign money market account ie:... No, ETrade does not offer any MMMF's. They have a variety of cash sweep accounts (by JPMorgan Chase), and a high yielding money market account (Complete Savings) in their banking unit. Their... Financial institutes make money from money markets by keeping your money as long as they can. They limit you to how many times you can withdraw per month and charge you a fee if you go over. ... Think of it as the interest rate that you are getting assuming reinvestment over those 7 days but it's presented in an annual form. So, if the interest rates stayed constant for the whole yea... Like a checking account that provides slightly better yield than a straight bank account. Main disadvantage is low yield. Also, more recently, some may have been exposed to subprime loans. tba This statement is neither true nor false. As Obi Won said, it depends on your point of view. Money market funds are usually classified by the securities that they hold. They come in two basic ... Money market funds are not FDIC insured, meaning that you can lose your money. I would recommend an online savings account such as hsbcdirect.com. Your money is FDIC insured and you are guaranteed ... Yes there is an alternative: Read stories from reporters that actually do research before they print garbage. You have to call TD to change your MM choice - see the link below for alternative... |
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