Are Money Market Funds a Safe Place To Stash My Savings?

It was lehman brother money market fund that got into trouble

They’re FDIC-insured, so your money is protected up to $250,000 per account. They’re super safe and liquid, but the returns are usually modest

Yes there is risk involved, legally they have to say that, but in a US treasuries money market fund the risk of treasuries defaulting is the same government promise as FDIC so if treasuries default we got bigger problems than what will my money market do.

Help help help! Please!

As Custodian of state of Hawaii.. Department Of Education..What is our share investment...like bonds.. portfolio or others.. because i don't Know what I'm doing to access our portfolio

I believe the rates are going back up again which is good for the money market

Is the tax fee municipal fund liquid?

After the fed interest rate cuts, those funds are only paying 1% less now like 4 %. 12/2024. But not bad with the stock market finally going into a correction anyway now .Stocks bleeding away

There is a chance the United States Treasury will default this year and by May run out of money. I'm nervous about keeping my money in a money market fund that is invested in U.S. treasuries.

What about a company like Edward jones ? PRIME CASH OBLIGATIONS FUND

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Scary under the current weak leadership 🇺🇸

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No thanks...

Since money markets are a safe investment. What would be the best money market to invest in since they are all safe but so many to choose from?

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The constant changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the unstable market.

Why didn’t you say what IS a good company to use? Do a search and all you find is the companies you mention are not full commission. I cannot even find what full commission means.

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Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.

Hello Clark. Thank You.

so is Merrill Edge not ok?

Money markets allows individual investors to invest big amounts of money in a low-risk setting.

Ever notice this guy gives advice but NEVER answers any questions. Maybe he isn't as bright as he thinks he is.

Money Market Fund pay the most and is ultra safe and depending on your broker look for VUSXX, SWVXX,/SNVXX, SPRXX
High Yield Savings is FDIC insured from pretty much any bank, ultra safe but pays about 1/2 to 1 percent lower than money market funds. Find any major bank you recognize that pays the most.
Funds that invest only in Treasury bills: TBIL, VUSB, SGOV, BIL
There are countless other bond funds.
CDs should be the very last thing you ever consider.

Cash in a 401k too a money market, WOW,,,,,

Sure great investments..you get 5 per cent and inflation is 8 ....you lose....buy growth company funds and hold. If you cannot hold for years do not invest...😊 I like VGT an ETF by Vanguard but you have to hold it!! 10 years! Time is the key folks!

Every single penny is in money markets and CDs. Never invested since I don't want to lose half my money. It's all in the bank safe.

These MMFs can still be hacked!

Recently sold off a lot of stock (Vanguard) due to the weirdness over the past few years. Swept it into VMFXX (Fed M’Mkt) and agree it is safer there, climbing/reinvesting at a consistent rate. Plan to leave it there until interest rates come back down and the economy improves.

Depends on the underline assets of the money market fund. The one I keep my emergency fund in is 100% 1-3 month U.S. treasury bonds. The money market fund itself is SIPC insured up to 500k$ by the US government. So, if I lose money, it means the US government has defaulted for the first time in its history. Also, the world as we know it would likely be in epic turmoil shortly afterwords do to the US defaulting, so your cash would likely be worthless shortly afterward anyway.

what if treasury delays repayment of matured T bonds ? econocrash..

cant happen , you blurt ?
oh you have evidence do you ??????????????????

Typical clark howard answer. He turned simple issue into very complex, very confusing. By just rambling on and on. What a crook.

Clark I have a certain amount of money in a management company.
I want to know should I take it out and put it in a money market at my bank . The interest rate is much better then the money market. Thank you for your timely response.

Question: I have 1/2 my savings in the stock market diversified and the other half in cash. I want to know what I should do with my money in the bank to gain safe interest with low to zero fees with no risk of losing money should the govt wish to come into our bank accts and steal our money or if the market crashes. Should I stay w my stock portfolio as well? I am retired and live on my retirement. I want to keep my money safe...any suggestions would be appreciated. Thank you Clark.

Thanks for the great details.
My question: What happens to money in a government money market fund at a financial house such as Fidelity, incase the US government defaults on its debt obligations?

Will SIPC insure this money?

JudeReggie and everyone replying to JudeReggie is a shill for a financial advisor who may or may not be worth your time. But if it looks, acts and talks like a shill, perhaps it is a shill - and perhaps really good financial advisors do not require shills to promote them in comment sections of other people's financial videos?

Thanks Clark I love listening to your show and Krista is great too!

Clark which tax free muni fund do you have your money in today?

Clark, bless you!! I have a question and am not sure how to find you to ask....Is
TEMU safe and do you advise it? I have to tell you that I feel like a traitor when I order. I've ordered twice and liked the products.

Clarks phenomenal. Thanks clark