Money market mutual funds are alternatives to savings accounts or certificates of deposit in banks or credit unions. Their annual returns are higher than bank and credit union savings accounts, but your funds do not have the government guarantee of the FDIC or CUIC. Money market mutual funds invest your money in bonds, and these returns fluctuate with the market. Vanguard Mutual Funds reports that the ten-year average annual return on its money market fund was .42%. Unless you want to park your money and not really invest it, you do not need to put your investment dollars in a money market fund.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
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Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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