Jul 26 2020, 02:39 AM
QUOTE(rocketm @ May 16 2020, 10:51 PM)
Hi all,
I have some questions.
Recently, FD rates are low now. It is a good investment to consider money market fund since it is low fees as compare to other types of unit trust fund and waiting time to withdraw is probably about 2 days with no charges.
The typical return to investor is 6 months or one year based on the NAV at that time.
Does my understanding correct?
Will it be the return for money market fund will lower than banks FD promo rate about 2.80%?
I completely agree. Now is a good time to consider investing in a good money market fund for safety purposes. They're less risky and provide a decent return. See this article for more information: https://growthrapidly.com/money-market-funds/I have some questions.
Recently, FD rates are low now. It is a good investment to consider money market fund since it is low fees as compare to other types of unit trust fund and waiting time to withdraw is probably about 2 days with no charges.
The typical return to investor is 6 months or one year based on the NAV at that time.
Does my understanding correct?
Will it be the return for money market fund will lower than banks FD promo rate about 2.80%?
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