To manage wealth appropriately, sometimes it may be necessary to have a single team dedicated to just your wealth management. This may be scary but it is actually a real practice to have what is called a family office, which can often be found in a family office network, to manage your wealth. This means that you should have at least 1 million dollars to manage, and is a way to have a team that you trust to manage your wealth. There are many family office conferences where you can learn more. U.S. Postal Service Change of Address Joseph J Tramontana is from Hamilton New Jersey and served as a Business Administrator. He is well regarded as an excellent Finance Officer. millionaireblueprintconsumerreview Are you looking for "gold dealers"? Check out buy-gold The passionate experts in this field are ready to answer all of your requests.

Money Market Fund Changes Coming

12:29 PM  Pisstol Aer   Labels: ,


The Securities and Exchange Commission recently passed new rules for money market funds effective in October 2016. “One requirement under the new rules is that the shares of money-market funds that cater to institutional investors and invest in corporate or municipal debt must float in value, like the shares of most other mutual funds. That’s a change from the stable $1-a-share value traditionally maintained by all money-market funds.”  “Another big change is that all money-market funds that invest in corporate or municipal debt will be allowed to charge investors a fee to redeem shares when the funds are under pressure or temporarily block investors from withdrawing cash.”
“Money funds can be divided into three categories according to their investments: prime funds; ‘government’ funds, which invest in U.S. government and federal agency debt; and municipal funds, which invest in the debt of state and local governments.” Source: Prepare for New Money-Fund Rules by Kirsten Grind, The Wall Street Journal, March 8, 2015.
Money funds currently pay an average of 0.03% a year, or $3 on a $10,000 investment, not enough to keep up with inflation. The last time they paid more than 2% was in 2008. Money funds are best used as a temporary holding place for cash, but even then most online savings accounts pay more, but still less than 1%.
Share on :
Money Market Fund Changes Coming
Money Market Fund Changes Coming
Reviewed by Pisstol Aer
Published :
Rating : 4.5