money markets might no longer be fixed at $1 per share
Posted: Wed Jul 23, 2014 12:44 pm
Do I need to care about this?
Permanent Portfolio Forum
https://gyroscopicinvesting.com/forum/
Only if you're concerned about risks in the financial landscape.dualstow wrote: Do I need to care about this?
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.
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?