Berkeley CSUA MOTD:Entry 37407
Berkeley CSUA MOTD
2020/06/06 [General] UID:1000 Activity:popular

2005/4/28 [Finance/Investment] UID:37407 Activity:nil
4/28    On my Etrade Investment Account statement, I see something called
        E TRADE FUNDS GOVERNMENT MONEY MKT FD, $-144.79. What the hell is that?
        \_ A money market is like a mutual fund that generally invests only in
           highly liquid short term low-risks interest-bearing investments,
           in this case government bonds.  My broker put all my spare cash into
           a money-market which charges high fees and barely makes money at
           the moment.  It's slightly better than plain old cash, but I think
           it's mainly so the broker can make more money on the plain cash its
           clients keep on hand.
2020/06/06 [General] UID:1000 Activity:popular

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