Money Market Funds
Money Market Funds for Your Short-Term Cash
Money market funds can be a smart choice for investors looking for a temporary place to store their short-term cash. Money market funds invest in highly liquid, low-risk securities and can be a great way to keep your cash working for you either between larger investments or as part of your diversification strategy. Although there are many benefits to this investment vehicle, money market funds are not federally insured like bank money market accounts.
How money market funds work
Investing in money market funds through Wachovia Securities
What you need to know before you invest in money market funds
Money market funds are managed to maintain the value of the amount you originally invest (your principal). In other words, for every dollar you put into a money market fund, the intent is to return the $1 invested plus the amount of interest you earn from the money market market fund. As a result, the value of each share of a money market fund -- called "net asset value" -- should be $1. However, there can be no assurance a fund will be able to maintain a net asset value of $1 per share. It is possible to lose money when you invest in money market funds.
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Contact a Wachovia Securities Financial Advisor to learn more about money market funds and how they can be used as part of your investment portfolio. A Financial Advisor can tell you about the money market funds we have available as well as provide you with their current interest rates.
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Before you invest in money market funds, ask your Financial Advisor for prospectuses of any money market funds you're interested in. These prospectuses contain important information about the money market funds. You should read the prospectuses and carefully consider the investment objectives, risks, charges and expenses of the money market funds before investing or sending money.
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