|
|
Article: Money funds fine receptacles
- Article from:
- Oakland Tribune
- Article date:
- April 28, 2006
CopyrightCopyright 2006 Oakland Tribune. Provided by ProQuest LLC. (Hide copyright information)
|
IT'S HARD to believe that just 17 short months ago I was hyping
money market mutual funds for their "attractive" yields of about 1.5
percent. How times have changed over that short period, which really
means: How interest rates have climbed!
With rates soaring sharply to about 4.5 percent and headed to 5
percent, thanks to the Federal Reserve, money fund assets are
currently $2.05 trillion, up from $1.8 trillion in November 2004, an
increase of better than $2 billion a day.
Look at the differences thisfrom Business 1
way. With $3,000 in Vanguard Federal Money Market Fund back in
November 2004, you earned $45 a year, and today you can earn $135. In
Vanguard Admiral Treasury Money Market ...