No. of Recommendations: 0
>Do you really think a Money Market Fund in E*Trade is safe? I have a >couple of CDs with them, but even worry about them. If they go under, >I'll eventually get my money back, but I'm told it can take more than >a year.
>
>brucedoe

I don't believe that money market funds have ever lost money for investors; in the case where they lost money for the company, the company ate the cost.

But to be on the safe side, I certainly wouldn't use a fly by night company. E*Trade is probably the largest electronic broker, so I'd say they are fairly safe.
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement