Investing your money can be scary especially in this tumultuous economic state. One of the most popular ways to invest your money is through money market accounts. They are basically a mutual fund that you invest in shorter investments.
The target of money market accounts is to invest whilst reducing the possibility that each of us have to run into bankruptcy due to the market fluctuating. All money market accounts are supervised by the SEC, the Securities and Exchange Commission.
The SEC set out rules in the early 1940's that assign provisions as to how they may be invested. These similar policy state that an investors' money market accounts should have a Weighted Average Maturity less than 90 days, and that the funds must be distributed so that no more than 5% is dedicated to one particular issuer.
Some of the most common money market accounts securities are short-term bonds, repurchase agreements, or even commercial paper. The SEC has also assured that all securities need to be liquid with a secure monetary value.
A good thing in relation to money market accounts is that they give the account holder a high interest rate than a traditional bank account. However, it is worth noting that for several money market accounts you might be needed to keep up a minimum balance in your account, and you may only be able to have so many transactions throughout a certain statement period. - 15246
The target of money market accounts is to invest whilst reducing the possibility that each of us have to run into bankruptcy due to the market fluctuating. All money market accounts are supervised by the SEC, the Securities and Exchange Commission.
The SEC set out rules in the early 1940's that assign provisions as to how they may be invested. These similar policy state that an investors' money market accounts should have a Weighted Average Maturity less than 90 days, and that the funds must be distributed so that no more than 5% is dedicated to one particular issuer.
Some of the most common money market accounts securities are short-term bonds, repurchase agreements, or even commercial paper. The SEC has also assured that all securities need to be liquid with a secure monetary value.
A good thing in relation to money market accounts is that they give the account holder a high interest rate than a traditional bank account. However, it is worth noting that for several money market accounts you might be needed to keep up a minimum balance in your account, and you may only be able to have so many transactions throughout a certain statement period. - 15246
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About author: MoneyMarketAccount-s.com. My teacher, Anne, gives me a good tips on money market accounts, and I'd like to share it with you! It's a brief and straightforward tips on money market accounts. It's a good tips indeed!
