Money market mutual funds—not to be confused with money market savings accounts—are a unique investment vehicle known for their stability. Learn the basics with Mariam Kamshad, Head of Portfolio Strategy for Goldman Sachs Personal Financial Management Group Investments, in this edition of Financial Spotlight.
Money market funds are a type of fixed-income mutual fund
These funds are considered liquid and often have check writing privileges, but are not insured by the FDIC
While less susceptible to market volatility than stocks, their performance isn’t guaranteed