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

Posted: Wed Jul 23, 2014 12:44 pm
by dualstow
Do I need to care about this?

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

Posted: Wed Jul 23, 2014 12:57 pm
by AdamA
Is there a link?

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

Posted: Wed Jul 23, 2014 1:50 pm
by murphy_p_t
dualstow wrote: Do I need to care about this?
Only if you're concerned about risks in the financial landscape.

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

Posted: Wed Jul 23, 2014 9:39 pm
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.

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

Posted: Wed Jul 23, 2014 10:44 pm
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.

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

Posted: Thu Jul 24, 2014 8:21 am
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.