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Author: zipper103 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35276  
Subject: Re: 4.76% apy 1 yr CD -any catch?? Date: 11/11/2005 9:34 AM
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Money Market Mutual Funds, held at a brokerage or mutual fund house, are not federally insured as to loss of value. They're not even SIPC insured as to insolvency of the holding brokerage or mutual fund house.

Although I believe you're correct, can you tell me if I'm right about my continued thoughts on this....

Aren't money market mutual funds designed to limit your risk of loss in value, although it's not guaranteed, they are fairly safe?

And, even though money market mutual funds, held at a brokerage or mutual fund house, are not FDIC or SIPC insured, usually those brokerages (like Vanguard) have their own insurance as to insolvency of the brokerage or mutual fund house?

Thanks,
zip
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