Home › Forums › Financial Markets/Economics › Money Market Account Safety Question?
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cooperthedog.
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December 5, 2007 at 12:02 PM #11090December 5, 2007 at 12:12 PM #109436
New_Renter
ParticipantFor the absolute highest level of safety choose a Treasury Money Market, such as Vangard Treasury Money Market (VMPXX). The return is very close to the 90/180-day T-Bill with rock-bottom expenses of .24%. Better yet, you can buy T-Bills and Notes direct from the Govt. at http://www.treasurydirect.gov, then you eliminate the fund expense and get the full market rate.
December 5, 2007 at 12:12 PM #109547New_Renter
ParticipantFor the absolute highest level of safety choose a Treasury Money Market, such as Vangard Treasury Money Market (VMPXX). The return is very close to the 90/180-day T-Bill with rock-bottom expenses of .24%. Better yet, you can buy T-Bills and Notes direct from the Govt. at http://www.treasurydirect.gov, then you eliminate the fund expense and get the full market rate.
December 5, 2007 at 12:12 PM #109579New_Renter
ParticipantFor the absolute highest level of safety choose a Treasury Money Market, such as Vangard Treasury Money Market (VMPXX). The return is very close to the 90/180-day T-Bill with rock-bottom expenses of .24%. Better yet, you can buy T-Bills and Notes direct from the Govt. at http://www.treasurydirect.gov, then you eliminate the fund expense and get the full market rate.
December 5, 2007 at 12:12 PM #109583New_Renter
ParticipantFor the absolute highest level of safety choose a Treasury Money Market, such as Vangard Treasury Money Market (VMPXX). The return is very close to the 90/180-day T-Bill with rock-bottom expenses of .24%. Better yet, you can buy T-Bills and Notes direct from the Govt. at http://www.treasurydirect.gov, then you eliminate the fund expense and get the full market rate.
December 5, 2007 at 12:12 PM #109595New_Renter
ParticipantFor the absolute highest level of safety choose a Treasury Money Market, such as Vangard Treasury Money Market (VMPXX). The return is very close to the 90/180-day T-Bill with rock-bottom expenses of .24%. Better yet, you can buy T-Bills and Notes direct from the Govt. at http://www.treasurydirect.gov, then you eliminate the fund expense and get the full market rate.
December 6, 2007 at 11:42 AM #110478Jim Jones
ParticipantThanks New_Renter I will take that on as an option for security purposes.
But more directly to my original question is there any risk which I should be concerned with the current Money Market account which I am invested in?
Also what is everyone else doing with their money? I am a novice when it comes to investing and am smart enough to know that a savings account won’t cut it but not savvy enough to walk into investing with the DOW and S&P all over the map and the subprime problem finally getting the notice it deserves. My gut tells me to sit on the sidelines until this cools off, but are there any other safe investments out there short of T-Bills and CD’s?
December 6, 2007 at 11:42 AM #110595Jim Jones
ParticipantThanks New_Renter I will take that on as an option for security purposes.
But more directly to my original question is there any risk which I should be concerned with the current Money Market account which I am invested in?
Also what is everyone else doing with their money? I am a novice when it comes to investing and am smart enough to know that a savings account won’t cut it but not savvy enough to walk into investing with the DOW and S&P all over the map and the subprime problem finally getting the notice it deserves. My gut tells me to sit on the sidelines until this cools off, but are there any other safe investments out there short of T-Bills and CD’s?
December 6, 2007 at 11:42 AM #110626Jim Jones
ParticipantThanks New_Renter I will take that on as an option for security purposes.
But more directly to my original question is there any risk which I should be concerned with the current Money Market account which I am invested in?
Also what is everyone else doing with their money? I am a novice when it comes to investing and am smart enough to know that a savings account won’t cut it but not savvy enough to walk into investing with the DOW and S&P all over the map and the subprime problem finally getting the notice it deserves. My gut tells me to sit on the sidelines until this cools off, but are there any other safe investments out there short of T-Bills and CD’s?
December 6, 2007 at 11:42 AM #110641Jim Jones
ParticipantThanks New_Renter I will take that on as an option for security purposes.
But more directly to my original question is there any risk which I should be concerned with the current Money Market account which I am invested in?
Also what is everyone else doing with their money? I am a novice when it comes to investing and am smart enough to know that a savings account won’t cut it but not savvy enough to walk into investing with the DOW and S&P all over the map and the subprime problem finally getting the notice it deserves. My gut tells me to sit on the sidelines until this cools off, but are there any other safe investments out there short of T-Bills and CD’s?
December 6, 2007 at 11:42 AM #110644Jim Jones
ParticipantThanks New_Renter I will take that on as an option for security purposes.
But more directly to my original question is there any risk which I should be concerned with the current Money Market account which I am invested in?
Also what is everyone else doing with their money? I am a novice when it comes to investing and am smart enough to know that a savings account won’t cut it but not savvy enough to walk into investing with the DOW and S&P all over the map and the subprime problem finally getting the notice it deserves. My gut tells me to sit on the sidelines until this cools off, but are there any other safe investments out there short of T-Bills and CD’s?
December 6, 2007 at 3:04 PM #110797eikoph
ParticipantI think your concern is not misplaced. Back in September, I switched money from a money market fund that had somewhere between 8-20% exposure to mortgage backed securities and/or collateralized debt obligations, to a money market fund that was solely invested in US Treasuries (the Vanguard fund mentioned in a reply above). The New York Times article below explains the risk that normally "safe" money market funds are facing and that many will likely require bail-outs to prevent them from "breaking the buck".
Investor Safe Haven Becomes a Concern, New York Times, Nov 14
December 6, 2007 at 3:04 PM #110814eikoph
ParticipantI think your concern is not misplaced. Back in September, I switched money from a money market fund that had somewhere between 8-20% exposure to mortgage backed securities and/or collateralized debt obligations, to a money market fund that was solely invested in US Treasuries (the Vanguard fund mentioned in a reply above). The New York Times article below explains the risk that normally "safe" money market funds are facing and that many will likely require bail-outs to prevent them from "breaking the buck".
Investor Safe Haven Becomes a Concern, New York Times, Nov 14
December 6, 2007 at 3:04 PM #110811eikoph
ParticipantI think your concern is not misplaced. Back in September, I switched money from a money market fund that had somewhere between 8-20% exposure to mortgage backed securities and/or collateralized debt obligations, to a money market fund that was solely invested in US Treasuries (the Vanguard fund mentioned in a reply above). The New York Times article below explains the risk that normally "safe" money market funds are facing and that many will likely require bail-outs to prevent them from "breaking the buck".
Investor Safe Haven Becomes a Concern, New York Times, Nov 14
December 6, 2007 at 3:04 PM #110765eikoph
ParticipantI think your concern is not misplaced. Back in September, I switched money from a money market fund that had somewhere between 8-20% exposure to mortgage backed securities and/or collateralized debt obligations, to a money market fund that was solely invested in US Treasuries (the Vanguard fund mentioned in a reply above). The New York Times article below explains the risk that normally "safe" money market funds are facing and that many will likely require bail-outs to prevent them from "breaking the buck".
Investor Safe Haven Becomes a Concern, New York Times, Nov 14
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