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December 14, 2020 3:01 AM Rob Berger - Forbes Advisor
Posted:
Updated:
December 15, 2020 6:20 AM
If you’re looking for a safe, short-term investment for your cash, money market mutual funds could be the perfect choice.
You’ve probably read about FDIC-insured money market accounts, which you can open at a bank or credit union. Money market mutual funds are a different animal. They’re market investments, not bank accounts and it’s important to understand that they are not FDIC insured.
Nevertheless, money market mutual funds more than hold their own as a safe place to earn a return on your cash for short-term investing.