August 21, 2010 12:36 PM CDT
How safe is your money? you would think that a bank money market would be safe but it is not. you can lose money on it. if you check with the bank the fund is not guaranteed. also you need to know what the fund is invested in. for example commercial paper, adjustable rate loans, treasuries. it is hard to get the straight stuff from the financial people. you would think it preserves at least your principle but it doesn't.
How safe is your money? you would think that a bank money market would be safe but it is not. you can lose money on it. if you check with the bank the fund is not guaranteed. also you need to know what the fund is invested in. for example commercial paper, adjustable rate loans, treasuries. it is hard to get the straight stuff from the financial people. you would think it preserves at least your principle but it doesn't.
