A money market fund is a type of mutual fund that invests in cash and low-risk, short-term debt securities. Money market funds are considered one of the least risky investment vehicles available, generating income—usually on par with short-term interest rates—that may be either taxable or tax-exempt, depending on the investments held by the fund. Money market funds are highly liquid, and they're generally used by investors to manage cash or short-term savings.
Like other kinds of mutual funds , money market funds assemble a portfolio of securities and sell shares to investors, who earn returns from the portfolio in the form of income and capital gains. Money market funds build portfolios of cash and cash equivalents like bankers' acceptances, certificates of deposit (CDs), commercial paper, repurchase agreements, and U.S. Treasuries.
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Some Americans Are Due Extra Coronavirus Stimulus Money but Must Act by Sept.
While the chances of every American getting more stimulus funds continue to decline as time passes with no compromise legislation, there are some people who should definitely receive more cash. That's because they're due part of their payment from the first check under the CARES Act.
The IRS has now made it easier for those people to gain access to the money they're owed, but only if they act by Sept. 30.
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For those receiving federal benefits who don't file their taxes, the IRS was able to find out enough information to send checks even to people who didn't submit tax returns in either 2018 or 2019. However, the SSA and VA couldn't provide info to the IRS about which beneficiaries have qualifying dependents.
US money velocity crash in Q2 boosts $288K Bitcoin prediction: analyst
There is "too much money to spend," and this will help Bitcoin ( BTC ) reach its next phase of huge price increases, analysts believe.
In a blog post on Aug. 25, Jeroen Blokland, portfolio manager at asset manager Robeco, noted that U.S. M2 money velocity had hit historic lows.
Velocity measures the speed at which money moves around the economy, and 2020 has seen a crash in the metric.
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"While the sudden economic stop obviously resulted in much lower economic activity, the sharp decline also suggests there is just too much money to spend. A quick look at central bank balance sheets confirms this."
Stimulus check money: $1,200 payment could still reach you in 2020 - CNET
Start finding out the maximum payment that could end up in your pocket if another stimulus package comes your way.
We don't know what will happen in the next few weeks, but we do have an estimate of how much money you might get in another round of payments (and when it could happen). This story updates regularly.
Depending on how negotiations shake out, the total amount your family may get could change. Here's a look at the caps put in place to give you an idea of what government leaders are thinking.
In case you are keeping track:
Gen Z is starting to make their own money — so pay attention to how they're spending and
The U.S. is on the verge of the Great Wealth Transfer, with baby boomers expected to bestow trillions of dollars on younger generations in the coming years.
Gen Z, now nearing and entering their early 20s, is forming its own set of priorities and characteristics, in some cases different — albeit in nuanced ways — from those of their millennial counterparts. Here's what appears so far to be the most important money priorities for Gen Z, as well as the resulting trends that the financial services industry should consider as it evolves to meet the demands of this up-and-coming generation:
Best savings account options: IRA, CD, Money Market and more
If there's anything the current economic recession has taught us all, it's that saving for an unexpected emergency is critical. But it's easier said than done, and deciphering all of the savings account options out there is enough to make your head spin.
Whether you're looking to build up six months' worth of income or are saving for a big purchase (like your first home ), investing your cash in the right type of account is critical if you want to make your money go the distance.
IRS tax refund checks: IRS sending money to millions of Americans -- but it's not stimulus
Money Releases Extensive Feature Ranking The Best Colleges For Your Money
"Choosing whether and where to go to college is one of the biggest financial decisions we make — and even more so this fall because of the pandemic. Our rankings can help parents and college-bound students make educated decisions about their future, even in these unpredictable times," said Kaitlin Mulhere , lead editor of Best Colleges and Education Editor at Money.
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Additionally, Money editors share insight on graduation rates and student debt broken down by race.
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