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Article: WHAT'S ATTRACTIVE ABOUT MONEY MARKET FUNDS
- Article from:
- Post-Tribune (IN)
- Article date:
- September 28, 1992
CopyrightCopyright, 1992, Post-Tribune. All rights reserved. REPRODUCTION PROHIBITED. (Hide copyright information)
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INVESTING
H. Dean Davis is branch manager/vice president at A.G. Edwards & Sons, Inc. in Merrillville. If you have any questions or concerns, please write Investment Ideas, Post-Tribune business extra, 1065 Broadway, Gary IN 46402-2998.
For many years investors used their passbook savings accounts to achieve earning on the liquid cash portion of their portfolios. During the 1970s, however, many investors found money market funds a good alternative to savings accounts.
Money market funds offered investors a safe, liquid investment that typically paid a higher rate of return than passbook accounts (keep in mind that past ...