EXTRA EXTRA CREDIT: Money Market Funds
By John Roberts on Thursday, July 12th, 2012 | No Comments
Do you know what money market funds really are? They are just bonds that are about to come due.
So a money market manager always has bonds that will come due in one day, two days, three days, etc. That way he can get the bond interest for you, but be able to have plenty of cash available for you every day as the bonds expire day by day.