3. Investing money with no risk?

Investing money with no risk?

I'm not sure why you got down voted for misunderstanding.

I was referring to a money market mutual fund is not a money market deposit account. A money market deposit account is a regular savings account you open at your local credit union/bank. A money market mutual fund is a type of investment that you would buy from a brokerage firm. Those funds buy government securities, like Treasury bills, and the NAV price is set to 1 USD. So, for example, $50k would buy you 50,000 shares of the fund. Therefore, it wouldn't be FDIC insured. However, after the 2008 Great Recession, the US government introduced stricter regulations on how money market mutual funds could be managed. Also, as long as you buy the money market mutual fund from a SIPC insured brokerage firm, then you would be protected if that vrokerage firm went bankrupt.

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