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zimele
lexus
#1 Posted : Friday, April 24, 2009 2:03:00 PM
Rank: Member


Joined: 3/18/2009
Posts: 38
how does the money market fund work?especially intrest rates

work smart
Kata
#2 Posted : Friday, April 24, 2009 3:56:00 PM
Rank: Member


Joined: 3/28/2009
Posts: 19
Im curious too.

And how good/bad are the returns if you invest with them?


Wisely and slow; they stumble that run fast
Gordon Gekko
#3 Posted : Friday, April 24, 2009 6:44:00 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
'Past performance is not a measure of future performance'
bull market
#4 Posted : Sunday, April 26, 2009 9:27:00 AM
Rank: Member


Joined: 12/7/2006
Posts: 5
Money Market Fund invests your money in Fixed income instruments such as:
Treasury Bonds,
Treasury Bills,
Bank notes
(CDs,Municipal bonds etc)
They are the most stable of the Unit Trusts investments because they guarantee you a positive return which is not true for balanced or equity funds.
Zimele has a good fund manager
I would recommend either Zimele or ICEA for money market funds.

Though the returns are stable; they are much lower than the inflation rates so you actual return will be negative if you take inflation into consideration.
If you have funds and you want alternative means of investment email me and I will provide some information.
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