Brendolyn Marie

Bruce Bent II On Money Market Funds

Money market fund is a mutual fund that invests in the short term, minimal risk securities. Depending on the choice of investment, the generated income can be taxable or not. Money market funds fall into three categories, namely, municipal, government and prime-based. Municipal investment involves investing the asset funds in municipal securities which are exempt from federal tax. Government and prime investments have their assets invested mainly in the US.

Money market funds are appropriate for investors who have short-term investment goals. Investors who are looking for a more conservative investment or are less tolerant to instability can benefit by investing in it too. Another class of suitable customers is those who need an extremely liquid investment. Though the returns on these funds are not as high compared to other fixed income funds, they provide the greatly needed investment stability.

In 1971, two businessmen established the first money market fund named Reserve Fund. American Museum of Financial History recognized the Reserve Fund for its importance and contribution to the nation’s financial history. Today, the money market fund is serving tens of millions of customers and is worth over $3 trillion.

Bruce Bent II is a pioneer of successful retirement services and short-term asset management businesses. He is quite knowledgeable in money market funds, as well. The result-oriented financial consultant and CEO has contributed to the invention of more than fifty private industry related patents.

Mr. Bent II has been the president and vice chairperson of Double Rock Corporation for 26 years, a leading financial technology firm. He is also a senior executive in all the affiliated units and subsidiary companies of Double Rock. The success of Mr. Bent II can be due to his ability to pinpoint and seize opportunities that provide a competitive edge, drives enhanced growth and creates profit.

For more information follow Bruce Bent II on Twitter.

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