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Not FDIC insured
Money market mutual funds are a different animal. They’re investment securities,not bank accounts—and it’s important to understand that they arenot FDIC insured. Nevertheless,money market mutual funds more than hold their own as
Converting money market fund shares to cash
A money market redemption is the act ofconverting money market fund shares to cash. The redemption of money market funds from your brokerage account or bank is generally both quick and easy,and it can be d
Yes
Can you lose money in a money market account?
To reiterate, you can lose the money in a money market account, but the odds of that happening are low. It would be comparable to, in terms of our analogy, of your friend being hit by a bus right af