| They may not be glamorous or bring
| |
| | are usually funds that purchase
|
| extreme returns. But then, they aren't
| |
| | short-term debt from tax-free
|
| meant to. Recently, money market mutual
| |
| | organizations, like state or local
|
| funds have found their way into a broad
| |
| | government. While their yield is usually
|
| variety of investor's portfolios as their
| |
| | lower, you have the potential of saving
|
| returns have increased and their
| |
| | the difference in taxes.
|
| attractive reliability has continued.
| |
| | Many money market mutual funds also offer
|
| Between June 2004 and September 2005,
| |
| | an advantage if you're invested in
|
| money market yields increased from over a
| |
| | several other types of mutual funds
|
| half a percent, to 2.89 percent,
| |
| | within the same fund company. A money
|
| according to an Associated Press story in
| |
| | market mutual fund can act as temporary
|
| early-September 2005.1 A rather large
| |
| | storage if you sell off assets in a
|
| jump to say the least.
| |
| | mutual fund and wish to keep them in the
|
| Serving as a temporary investment vehicle
| |
| | fund company before investing in another
|
| for those not ready to invest, money
| |
| | fund. In comparison to other options,
|
| market funds are generally a short-term
| |
| | this is a relatively easy way to transfer
|
| savings tool that, in comparison to many
| |
| | money between funds and still potentially
|
| investments, is considered safer and more
| |
| | benefit while you choose your next mutual
|
| reliable.
| |
| | fund investment.
|
| Using the advantages of a mutual fund, a
| |
| | Money market mutual funds can serve a
|
| money market version typically invests in
| |
| | variety of investors but can be most
|
| a variety of things including CDs, U.S.
| |
| | attractive to smaller investors. Many
|
| Treasury securities and debt-obligations.
| |
| | have easier withdrawal features including
|
| By investing in a money market mutual
| |
| | check writing or wire transfer if you
|
| fund, you're also benefiting from a
| |
| | choose to close or move money from an
|
| possibility of higher returns than those
| |
| | account. Always consult with a financial
|
| available from individual investment in a
| |
| | professional before deciding what
|
| CD or money market account.
| |
| | investment moves to make. They may be
|
| An investment in a money market mutual
| |
| | able to guide you to a better option.
|
| fund is not insured or guaranteed by the
| |
| | Investing in a money market mutual fund
|
| Federal Deposit Insurance Corporation
| |
| | is meant for an investor with a specific
|
| (FDIC) or any other government agency.
| |
| | set of circumstances and objectives. They
|
| Although money market funds seek to
| |
| | certainly aren't glamorous, and they
|
| preserve the value of your investment at
| |
| | won't help you retire in style any time
|
| $1.00 per share, it is possible to lose
| |
| | soon. But they may be able to offer you
|
| money by investing in these funds.
| |
| | tax savings, which is always attractive.
|
| Tax savings are another potential plus.
| |
| | 1 Meg Richards, "Money-Market Mutual
|
| You may be able to take advantage of a
| |
| | Funds Surge," Associated Press, September
|
| tax-free money market mutual fund. These
| |
| | 4, 2005.
|
