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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18406  
Subject: Re: Money Market limits? Date: 12/5/2000 5:19 PM
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FlaBuckeye asks:

Seeing as that Money Market accounts aren't FDIC insured, do any of you all have personal limits as to the max amount you would put into any ONE mm fund?
I seem to keep putting everything I can into just one fund (out of convenience)and wonder if I'd better start another. Any thoughts?


I don't worry about it as no money market fund in history has ever gone bust. Also, although they don't have FDIC coverage, they do have SIPC coverage through the fund/broker, and that will match anything you can get from the FDIC. If you're really concerned, keep it at the $100K level.

Regards..Pixy
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