When were money market funds invented?

Answer Bruce R. Bent created the first money fund in 1970 called the The Reserve of New York, formerly known as The Reserve Fund. Bent recognized the need for an investment instrument to capture the Treas... Read More »

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Are money market funds safe?

On One Hand: Invest in Low-Risk SecuritiesBy law, money market funds are required to invest in low risk securities. Investments will typically include certificates of deposit, government-backed de... Read More »

How to Invest in Money Market Funds?

Within the wide array of choices that investors have for putting money into yield-producing instruments, some might be looking at using money market funds to grow capital. Money market funds are a ... Read More »

Are money market funds guaranteed?

Although money market mutual funds are relatively safe investments, they are not guaranteed. Money market mutual funds are investment pools that purchase short term debt securities such as treasury... Read More »

Are money market funds insured?

On One Hand: Money Market FundsMoney market funds are not insured. According to the Securities and Exchange Commission (SEC), money market funds typically invest in government securities, certifica... Read More »