One word is the difference in FDIC backing
July 18th, 2008
In this scary credit scenario it’s important to know whether your investments are FDIC insured or you will feel the full brunt of a banking collapse. Stocks, bonds and mutual funds are left uncovered by the FDIC as are annuities and insurance but there is one more investment that may surprise you. The difference between a money market account and a money market fund will leave one insured while the other is uninsured. Read more…