money markets might no longer be fixed at $1 per share
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- dualstow
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money markets might no longer be fixed at $1 per share
Do I need to care about this?
RIP FRED SMITH, founder of FedEx
Re: money markets might no longer be fixed at $1 per share
Is there a link?
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
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Re: money markets might no longer be fixed at $1 per share
Only if you're concerned about risks in the financial landscape.dualstow wrote: Do I need to care about this?
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Re: money markets might no longer be fixed at $1 per share
http://www.investmentnews.com/article/2 ... /140729961#
But funds sold directly to individual investors by firms such as Fidelity Investments, the Charles Schwab Corp. and the Vanguard Group will be exempt, according to the SEC. The main thrust of the reforms, therefore, will only affect an estimated $1 trillion of the $2.7 trillion market.
- dualstow
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Re: money markets might no longer be fixed at $1 per share
Exempt, eh?
Sorry, Adam, for the lack of a link. I'm just on a kindle this week while I travel, so it's more cumbersome.
Sorry, Adam, for the lack of a link. I'm just on a kindle this week while I travel, so it's more cumbersome.
RIP FRED SMITH, founder of FedEx
Re: money markets might no longer be fixed at $1 per share
I think it's just another good reason to try to keep you cash in treasury bills or treasury-only money market funds.dualstow wrote: Do I need to care about this?
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal