money markets might no longer be fixed at $1 per share

Discussion of the Cash portion of the Permanent Portfolio

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dualstow
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money markets might no longer be fixed at $1 per share

Post by dualstow »

Do I need to care about this?
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AdamA
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Re: money markets might no longer be fixed at $1 per share

Post by AdamA »

Is there a link?
"All men's miseries derive from not being able to sit in a quiet room alone."

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Re: money markets might no longer be fixed at $1 per share

Post by murphy_p_t »

dualstow wrote: Do I need to care about this?
Only if you're concerned about risks in the financial landscape.
whatchamacallit
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Re: money markets might no longer be fixed at $1 per share

Post by whatchamacallit »

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.
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dualstow
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Re: money markets might no longer be fixed at $1 per share

Post by dualstow »

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.
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AdamA
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Re: money markets might no longer be fixed at $1 per share

Post by AdamA »

dualstow wrote: Do I need to care about this?
I think it's just another good reason to try to keep you cash in treasury bills or treasury-only money market funds. 
"All men's miseries derive from not being able to sit in a quiet room alone."

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