Home › Forums › Financial Markets/Economics › Any of you doing anything to your money market accounts just in case of a default? › I’m more worried about
I’m more worried about liquidity than value loss.
I don’t think you would have a value loss over night.
But if an MM account is made up of significant exposure to treasuries, I’m wondering if that will affect the ability to withdraw…
I doubt it, but I’m also waiting on a short sales, and need liquidity. So I’m not taking chances….
I double checked one of my MM funds, and it had a 10% treasury exposure. The other one had a much lower 6% exposure….
Nothing would tick me off more than I need to close, and can’t take the money out because things are frozen and can’t close…
I hope I’m totally wrong about this because hopefully Congress get’s their frickin ass together. This is just beyond retarded…
