Look out!...The Banksters are changing the rules on Money Market Funds...
INCLUDING not allowing you access to them for a period of time if they deem is so and...
Big fees on Money Market accounts (even if you aren't touching them) if the market turns south again.
Similar to the "Bail-In" idea which will force SAVERS to bail out banks in the next big market fail.
LOOK OUT!!!
About the author
"We have allowed our nation to be over-taxed and over-regulated and overrun by bureaucrats - the founders would be ashamed." -Ron PaulThanks for the heads up!
Institutional investors will be at risk with a floating NAV in prime money market funds holding higher yielding commercial paper assets. The $1 per share NAV can no longer be guaranteed.
Money market funds focusing on Treasuries and government-related debt are exempt from the rules issued in 2014. I called some of the fund companies where I am invested today and switched from prime to government funds although I was also told retail investors are by and large exempt; however, one fund company told me if the overall assets in their prime fund fell 30%, the company could institute a 2% redemption fee for all monies liquidated from the fund by either institutional or retail investors. Better to be safe now vs. sorry later.
http://www.bloomberg.com/news/articles/2016-09-13/there-s-a-300-billion-...
“To the mind that is still, the whole universe surrenders.”
-Lao Tzu
you still believe investing in the markets is a great way to park your cash.
Land
Livestock
Gold and Silver
Water
Brass and lead if you know what I mean
It is supposed to be the equivalent to cash.
"We have allowed our nation to be over-taxed and over-regulated and overrun by bureaucrats - the founders would be ashamed." -Ron Paul
It's the same as the markets casino cash to me. I don't even trust the local credit union. If you can't touch it you don't own it!
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