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Old Today, 10:29 AM
 
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I got an extra $47, Dividend Deposit in my Money Market Account on 11/30/18. I didn't know this rate went up.

Last edited by tillman7; Today at 10:41 AM..
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Old Today, 10:33 AM
 
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Money markets are very short term loans. They go up and down with rates. Inflation is higher too. You may be worse off
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Old Today, 10:42 AM
 
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Quote:
Originally Posted by mathjak107 View Post
Money markets are very short term loans. They go up and down with rates. Inflation is higher too. You may be worse off

Dividend Deposit not a short term loan.
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Old Today, 10:47 AM
 
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Money markets buy very short term govt securities Those are short term loans. That is what they do with your money , they loan it out .

as rates rise the fund makes more . however rates don't rise in a vacuum . they are going up because inflation has been going up

Last edited by mathjak107; Today at 11:25 AM..
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Old Today, 11:28 AM
 
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O, OK! I thought Money Markets were high interest savings accounts!
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Old Today, 11:31 AM
 
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no they are not . they buy short term paper that matures very quickly . even high yield savings accounts loan out your money as loans. but usually after inflation and taxes you are behind the curve .

by the way i have the dubious distinction of having my old money market break the buck back in 2009 and we actually lost money .

today money markets that strive to hold a dollar value can no longer buy what they did
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