Toddo on TV: Is Your Money Market Safe?

Minyanville Staff  Sep 18, 2008 3:45 pm

Toddo on TV: Is Your Money Market Safe?
 
Markets, movers and more.
 

 
Is the stress on Wall Street filtering down to Main Street? Todd says it has become vital for people -- traders or not -- to educate themselves on what's happening in the markets. It's hard to consider anyone '"safe," even in so-called money market funds. Note the distinction between a money market fund and a money market deposit account at a bank. A money market fund is essentially a mutual fund and isn't FDIC insured. In contrast, a money market deposit account at a bank is FDIC insured up to $100,000 - and up to $250,000 for some retirement accounts. For a comprehensive discussion on this see Kevin Depew's article Money Market Fund Investors Catch the Fear.

Rate this article:  (0 Votes)
Comment (0) See All Comments »
discuss this article and more on the mv exchange
No positions in stocks mentioned.

Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options.  Click here for a free 14 day trial to OptionSmith by Steve Smith.



The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2009 Minyanville Media, Inc. All Rights Reserved.

Ticker Talk
Popular Tickers:
SPX »AMZN »RIMM »
Select
  •  
Talk Now
Share this Talk on your site:
Send us your feedback

Our Professors

rss article alert