Ask Terry Questions Money markets

Money markets

By Terry Savage on March 23, 2020 | Chicken Money

Now that the fed has backed up money markets( I have most of my money in Spaxx) are they safe now from any more volatility. Or should I get them out

Terry Says

Sorry, I don’t know what SPAXX is! Couldn’t find it in the quote system on CNBC.com either. Money market mutual funds have been deemed essential by the FED. They are backing the commercial paper that many MM funds use as investments. But if you’re worried, purchase T-bills directly from the Treasury at www.TreasuryDirect.gov. Here’s an article on how they work.

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