My money market fund - GoFuckYourself.com

theking · 01-14-2005, 04:14 PM

...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?

theking · 01-14-2005, 05:16 PM

Hello...can you hear me now?

chowda · 01-14-2005, 05:20 PM

not knowing who manages ur funds or what % of the different country currencies they hold.. u are better off asking an 8 ball.

BoNgHiTtA · 01-14-2005, 05:24 PM

Money market funds shouldnt take big hits. THere usually structured with short term bonds, etc..

You just got hosed.

theking · 01-14-2005, 05:33 PM

Quote:

Originally Posted by chowda

not knowing who manages ur funds or what % of the different country currencies they hold.. u are better off asking an 8 ball.

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.

Furious_Male · 01-14-2005, 05:39 PM

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.

theking · 01-14-2005, 05:45 PM

Quote:

Originally Posted by Furious_Male

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.

Well this was approximately a 6% hit.

theking · 01-14-2005, 05:46 PM

I guess the better question would be...did Schwab account holders take a similar hit?

paxton · 01-14-2005, 05:49 PM

Quote:

Originally Posted by theking

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.

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.

theking · 01-14-2005, 06:12 PM

Quote:

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.

No I am not confusing the money market fund with my other Schwab accounts...but I am an idiot. I misread my statement.

All is good...for on the totality of the accounts I made money.

paxton · 01-14-2005, 06:33 PM

Quote:

Originally Posted by theking

No I am not confusing the money market fund with my other Schwab accounts...but I am an idiot. I misread my statement.

All is good...for on the totality of the accounts I made money.

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.

axelcat · 01-14-2005, 06:34 PM

Quote:

Originally Posted by BoNgHiTtA

Money market funds shouldnt take big hits. THere usually structured with short term bonds, etc..

You just got hosed.

exactly....

Joe Citizen · 01-14-2005, 06:42 PM

Quote:

Originally Posted by theking

...but I am an idiot.

You sure are.

Honeyslut · 01-14-2005, 06:45 PM

oh same Bat channel

01-14-2005, 04:14 PM	#1
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	My money market fund ...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? __________________ When you're running down my country hoss...you're walking on the fighting side of me! FOR THE LYING LOWLIFE POSTING AS PATHFINDER...https://gfy.com/fucking-around-and-pr...athfinder.html

01-14-2005, 05:16 PM	#2
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	Hello...can you hear me now? __________________ When you're running down my country hoss...you're walking on the fighting side of me! FOR THE LYING LOWLIFE POSTING AS PATHFINDER...https://gfy.com/fucking-around-and-pr...athfinder.html

01-14-2005, 05:20 PM	#3
chowda Confirmed User Join Date: Jun 2003 Location: Gooch city Posts: 9,527	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.

01-14-2005, 05:24 PM	#4
BoNgHiTtA Confirmed User Join Date: May 2003 Location: Seattle Posts: 2,176	Money market funds shouldnt take big hits. THere usually structured with short term bonds, etc.. You just got hosed. __________________ Wanna see how Adult Site Traffic Scammed me? Click Here:

01-14-2005, 05:39 PM	#6
Furious_Male Doing the grind since 99 Industry Role: Join Date: Oct 2003 Location: Buffalo NY Posts: 16,883	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:shanedws

01-14-2005, 05:46 PM	#8
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	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! FOR THE LYING LOWLIFE POSTING AS PATHFINDER...https://gfy.com/fucking-around-and-pr...athfinder.html

01-14-2005, 06:45 PM	#14
Honeyslut Confirmed User Industry Role: Join Date: Jan 2001 Location: Ass Valley, Ca Posts: 6,436	oh same Bat channel __________________ http://nakedlunchnews.comWhat's up ? Naked Lunch News !