4 ms·
To be overly pedantic, there is an added risk of fraud from the fund manager. If a savings bank embezzles your money, the FDIC will make you whole, and do so r
by aidenn0 2y ago
To be overly pedantic, there is an added risk of fraud from the fund manager. If a savings bank embezzles your money, the FDIC will make you whole, and do so rather quickly. If your MM manager does so, you have to get in line and hold out your hat.
The risk of e.g. Vanguard doing this is also probably negligible.
- fshbbdssbbgdd 2y agoDoesn’t SIPC protect from the fund manager stealing your money? Although, I would suggest to buy the treasuries directly and not pay a fee to any fund.