, on the other hand — while also generally safe — are a bit riskier, experts said.
From 2007 to 2011, at least 21 other funds would have broken the buck without a capital infusion from the funds' sponsors, according to a 2012Since they aren't bank accounts, money funds don't carry FDIC insurance. They do have Securities Investor Protection Corporation, or SIPC, protection, which insures against the loss of cash and securities up to $500,000 if an investor's brokerage fails.
Current rates are just a"snippet in time," however, McBride said. Over the 2008 to 2021 period, high-yield accounts"were measurably above what money funds were paying," he said.3. Account minimums However, some money market funds may carry tax benefits, said Eric Bronnenkant, head of tax at Betterment. It's important for consumers to consider their net yield after taxes, he said.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BreitbartNews - 🏆 610. / 51 Read more »