In a world where banks have the safest investment plans, but they offer the lowest income returns, money market funds are one of the most renowned solutions for anyone looking for a short-term investment.
Money Market Funds, or Monet Market Mutual Funds, are investments that don’t require too much planning and time invested from the person but wields a much higher percentage of return compared to creating a savings account in a bank.
They usually invest in US Treasury bills and commercial paper, but, as financial strategies progress, more Money Market Funds are born with different methods of return and different investment targets that have significant benefits.
They are great options because they attempt to reduce exposure to the maximum for their clients using their funds. They limit the losses due to credit, market, and liquidity risks. The fund is regulated by a commission named SEC, or Securities and Exchange Commission. It was created by the boom of Money Market Funds when they were initially set up in 1971.
The Bent II’s father helped established the first Money Market Mutual Fund ever created to find a solution for investors that wanted to preserve their capital with alternative investment plans other than saving in bank accounts. The idea was a success because these funds were apparently as secure as banks and offered more tax return in comparison, while also having that short-term passive income.
Bruce Bent II became a major figure in the studies of financial management. Following his father into the financial sector Bent II becomes a strong businessman and financial expert. He studied at Northeastern University before starting his career.
Bruce Bent II has helped find cash-related soultions and qualified plans for broker-dealers, banks, and retail marketers. Bruce Bent II currently is the CEO, President and Vice Chairman of the Double Rock Corporation, a leading cash management company that uses conventional methods to provide “innovative capital.”
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