...took a substantial loss on this months statement...which of course reflects last month. Did this happen to everyone? Is it because of the dollar dropping in value?
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When you're running down my country hoss...you're walking on the fighting side of me!
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Hello...can you hear me now?When you're running down my country hoss...you're walking on the fighting side of me!
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not knowing who manages ur funds or what % of the different country currencies they hold.. u are better off asking an 8 ball.Someone finds you...
2007
PS: Nationalnet is the best host I've ever had. And i tried alot of them.Comment
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Money market funds shouldnt take big hits. THere usually structured with short term bonds, etc..
You just got hosed.Comment
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I have two Money Market Funds but the one that took the substantial hit (as it is a much larger account) was with Charles Schwab.Originally posted by chowdaWhen you're running down my country hoss...you're walking on the fighting side of me!
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I was down around 1% last month. Most of it from the market conditions. Nothing major.
Is part of the loss from fees? Make sure they arent churning the hell out of your account.Living in Virtual Reality
Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedwsComment
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Well this was approximately a 6% hit.Originally posted by Furious_MaleWhen you're running down my country hoss...you're walking on the fighting side of me!
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I guess the better question would be...did Schwab account holders take a similar hit?When you're running down my country hoss...you're walking on the fighting side of me!
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Originally posted by theking
Are you confusing mutual funds with money market funds? Schwab funds have always maintained a stable $1 per share value on their Money Market funds (Schwab Money Market, Schwab Tax Exempt Money Market, Schwab Govt. Money Market, Schwab U.S. Treasury Money Market, Schwab Value Advantage, and various state related money market funds - such as Schwab CA Muni Money Fund, etc.).
What is the name of the investment product you own that took a "substantial hit" ?
No money market product from any reputable company I have known has ever dropped below $1.00 NAV.Contact ICQ: 159141828Comment
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No I am not confusing the money market fund with my other Schwab accounts...but I am an idiot. I misread my statement.Originally posted by paxton
Are you confusing mutual funds with money market funds? Schwab funds have always maintained a stable $1 per share value on their Money Market funds (Schwab Money Market, Schwab Tax Exempt Money Market, Schwab Govt. Money Market, Schwab U.S. Treasury Money Market, Schwab Value Advantage, and various state related money market funds - such as Schwab CA Muni Money Fund, etc.).
What is the name of the investment product you own that took a "substantial hit" ?
No money market product from any reputable company I have known has ever dropped below $1.00 NAV.
All is good...for on the totality of the accounts I made money.When you're running down my country hoss...you're walking on the fighting side of me!
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Originally posted by theking
Good thing.
The nice thing about money market funds is they maintain a stable 1.00 per share price. Always have, and always will (hopefully). Unlike bank accounts that have FDIC insurance, money market funds are not guaranteed - but they maintain investor confidence because they never lose principal.Contact ICQ: 159141828Comment
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exactly....Originally posted by BoNgHiTtA
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You sure are.Originally posted by theking
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