Tuesday, August 15, 2023

MMFs -- August 15, 2023

Locator: 45465INV.

I personally pay no attention to money market funds. I remain fully invested in equities at all times, and park any cash I might have, not in MMFs, but in high-dividend paying companies.

However, at least two reasons for posting this: for the archives and to make comments (of course).

For the archives, link here.




Comments:
  • there have been many stories how this affected Schwab; still does, but Schwab putting a "good face" on it;
  • I think this is having a much bigger effect on banks, particularly regional banks, though the headlines, of course, are all about the "national" banks.

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