1. Wednesday, June 13, 2012 - 8:32 AM
Walter Updegrave: "I still own money funds, mostly for the convenience of having my ready cash with the same firm that holds my other investments."
That's the purpose of maintaining a money market fund for most people. A convenient way to move funds in and out of the markets. Having dividends deposited directly into a money market fund is very useful for investors holding stock and bond portfolios for current income. They can easily write a check from the money market fund account and deposit that income into an FDIC insured deposit account if they prefer.
That's the purpose of maintaining a money market fund for most people. A convenient way to move funds in and out of the markets. Having dividends deposited directly into a money market fund is very useful for investors holding stock and bond portfolios for current income. They can easily write a check from the money market fund account and deposit that income into an FDIC insured deposit account if they prefer.
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