In the old days a man who saved money was a miser; nowadays he’s a wonder.
~ Author Unknown
Update: This article is featured in the Carnival of Personal Finance #261 posted at Pop Economics. Thank you Pop!
Apparently the May stock market swoon spooked Canadian investors as they withdrew more than $1 billion from mutual funds in May. Investors seeking the safety of cash might normally move money from equity funds into money market funds. That’s not necessarily the case anymore, and for good reason.
If you have your money with an advisor who sells mutual funds, chances are moving your money into money market mutual funds is the fastest and easiest way to reduce your market exposure. But is it the best way? What are the alternatives?















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