This year, many investors learned the hard way the difference between a money market account and a money market fund. Do you know the difference?
money market
Signs Of The Apocalypse: Even Money Market Funds Are Losing Money
By 9.17.08
In the history of money market funds, says the NYT, only one had ever “broken the buck” or actually lost money… before yesterday. On Tuesday, the managers of a multi-billion dollar money market fund announced that their customers might lose money in the fund– a type of investment that is considered as safe as a savings account.
What Can You Do If PayPal Holds Your Funds For 21 Days? Gamble With It In Their Money Market Fund
By 2.28.08
EBay’s highly criticized fee changes—lower listing prices but a 67% increase in seller fees—kicked in last week, and next month eBay’s payment service PayPal will start holding certain deposits for up to 21 days if PayPal considers the transaction “high risk.” PayPal earns interest on any money it holds—and it’s perfectly legal because PayPal is a deposit broker and not a bank. If you do find your money stuck in “high risk” detention, there’s only one way you can attempt to earn money from the delay, and that’s by sticking it in PayPal’s Money Market Fund.
What The Fed's Rate Cut Means For You
By 11.4.07
The Fed’s recent quarter-point rate cut could either mean more or less cash in your pocket, depending on what you accounts you own. Here is the breakdown:
