Sep
21
Why Money Market Funds Aren't Safe
September 21, 2008 | 1 Comment
Many people think money market funds are as safe as bank deposits or certificates of deposit. Many people are wrong.
When you buy a CD or deposit money into a demand deposit (checking or savings) account, the government (FDIC) will insure your money up to a certain limit, usually no less than $100,000.
However with with money market [...]