Investing in Money Market Accounts
Investing in money market accounts is easy with online tools and you can compare the funds available for fees, past results, and more.
Money market funds typically offer very similar profiles in terms of risk and return, so you should make an extra effort on comparing the available money market funds in terms of fees associated and the return to your portfolio after those fees.
These fees come in a variety of forms, including fees associated with transferring funds from one fund to another within the management company, and even withdrawing funds from the money market fund.
To compare the funds for money markets, such tools as iMoneyNet are of great help:
The company also has Money Fund Analyzer, which is a premium priced, browser-based analytical tool that allows you to access information on domestic money-market mutual funds 24-hours-a-day.
The company also runs Money Fund Monitor, which is another premium priced tool to access money market fund performance indicators from their analysis.
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