This basket of currencies, in other words, acted like a sexed-up money market fund.
Much better yielding, and probably safer: a money market fund offered by the broker.
Do you want the convenience of a Schwab money market fund to hold your uninvested cash?
All that would accomplish would be to transfer the bank balance to the money market fund.
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However, FDIC insurance does not protect you from potential capital loss in a prime money market fund.
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Admittedly, with my U.S. Treasury-backed money market fund, I am only making 0.01% per year in interest income.
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Such a portfolio would be an alternative not to a stock fund but to a money market fund.
That includes everything from a mundane money market fund to something as complex as a Madoff-linked bank note.
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Or clients that had their funds in a money market fund and earning 25 basis points on it.
If the primary reason you are in a money market fund is because you want income with little risk.
For the daring and the tax-conscious, a municipal money market fund is plausible.
Today nearly everyone has come to think of money as abstract--an entry on a money market fund statement, for example.
Exactly how much annual interest are you currently earning on your prime money market fund? 0.10% per year? 0.15% per year?
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Danone also has a 70 million-euro money market fund, called Danone Communities, which it seeded with 20 million euros in 2006.
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That was in 1994 when the U.S. Government Money Market Fund in Denver was liquidated after betting wrong on derivative investments.
Well, let me take you down the unlikely road that may make you think twice about holding your prime money market fund.
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The point is that investing in the highest-yielding money market fund may not always be the smartest idea given the additional risk.
Put your spare capital in a money market fund and you lose 3% per annum adjusted for the real rate of inflation.
Indeed, Fitch Ratings issued a report in June concluding that 50% of all prime money market fund assets were invested in European banks!
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No one can predict what will cause the next crisis, or what will cause the next money market fund to break the buck.
You might be too conservative and put all your money in a money market fund and miss out on great stock market performance.
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Just two days earlier, I had spoken to a member who was considering putting part of his portfolio into a money market fund.
The Securities and Exchange Commission is floating several ideas about how to protect money market fund investors in the event of a financial panic.
In the meantime, you can either hold the cash in a money market fund, or invest it in a similar but not identical fund.
At the first level, workers' money would be invested in a collective money market fund similar to the ones the mutual funds industry offers today.
Some ETFs she likes include SSgA Money Market Fund (SSMXX), SSgA Prime Money Market Fund (SVPXX) and iShares Dow Jones Financial Sector Index Fund (IYF).
All yield more than double the average money market fund yield.
It would do the overall system no good for a corporation with a big TAG account to (say) move its money to a money market fund.
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If that stress affects a money market fund whose sponsor is unable or unwilling to bail it out, it could lead to the next destabilizing run.
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