Money Market Funds..
I'm currently sitting on a cash postion and was hoping someone w/ knowledge and experience in Money Market might give me a tip or two on which money market might be in my best interest...Thanks Gotta Love Tickerhound!!!
Answers
2775 points
Oldman answered one year ago …
As I type, the Dow just dipped 400 points...Cash is good, right now.
Look at the minimum amt required, the ability to electronically exchange to bank accts, the tax-reporting procedures.
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All of the mmkts are close in yield, which is currently pretty low...but you can also purchase short-term corporate and muni (tax-exempt & AMT-free) bond funds, which have at least 3 x the yield of the money-market accounts...their principals aren't guaranteed.
EverBank.com has some short and intermediate-term CD's which ar a possibility for a portion of the cash...they're FDIC-insured and can be in commodity, or currency-backed formats.
2082 points
alanj answered one year ago …
Look for a MM where your deposit is fully insured and no possible loss of principle. Then of those look for one that pays the most interest. Although, MM's tend to run close to one another.
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104 points
investa answered one year ago …
What I did is in the Forex trading with online brokers such as
EGlobal Trade & Finance Group (http://www.eglobal-forex.com) or FxPro (http://www.fxpro.com) and using an automatic trading tool (Expert Adviser) from Viking234 (http://www.viking234.com)
