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Posted By: msbeanctr on 2005-08-18
In Reply to: Does anyone know any basics on money market accounts? - Confused
I was doing great with the Janus Fund until 9/11 and the Worldcomm scandal. That wiped out the beanster. I chose 50% aggressive and 50% moderate risk since at the time I was only 40. This is a well established fund I had through my real job. Banks probably only deal with low risk funds. Read fine print regarding penalties. Fidelity is also a good one. Get a Wall Street Journal. Look on some of the fund's websites.
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