I'm thinking of moving my measley money market into savings. ...Overreacting?

I've got a little nest that is in a money market from my credit union.

I'd been thinking of shifting it into savings anyway, but with all that's going on I've been thinking I should head there tomorrow and do it.

Do you think I'm overreacting? I hadn't considered it a "high risk" investment, but things are so uncertain at the moment...

of course you know its very hard to time the market

The big boys will are trading this one and it will be fully manipulated.

I'd just rather not see the whole thing suddenly shrink or disappear.

All are FDIC insured.

Not likely I realize.....But at this point nothing seems outside the realm of possibility

Hopefully the MM acct. pays a bit more than simple savings. However, depending upon the amount, the MM could be less.

Both of these types of accounts are insured up to $250,000.00.

You might wish to compare rates and keep the money in the one paying the most (likely >1% at best in most cases thanks to Ben :puke: )

:dem:

Typically transaction limitations (number of checks/withdrawals per month)

and a money market mutual fund (fund of money market accounts) held at a brokerage.

Why I said below for OP to call his CU in the morning to confirm.

in credit unions or banks were covered by FDIC safeguards up to 250K. Am I wrong?

However Credit Unions are NCUA insured, not FDIC (banks).

if it is a MMKT mutual fund (fund of MMKTs), it is SIPC through the brokerage house.

and we all count up what we have left.

If you feel you need the added liquidity, go for it. However, some money market accounts are FDIC insured.

However, the FDIC has up to 30 years to pay off depositors who lost their money.

But with a (slightly) better interest rate as MMKT are typically limited to transactions per month, unlike savings. Money Market accounts are not 'investments' and not subject to the whims of the market voliatility (only interest rate sensitivity).

Call your CU in the AM to discuss.

Interest is so little it's not really an issue

Just wouldn't want the principle gobbled up by this debacle.

are those with their money invested in the stock market ... aka Wall Street. If you don't have any money invested with the criminals there your money is insured if it is in an FDIC bank or NCUA credit union for up to $250,000.00.

It might not be paying a hell of a lot right now but at least you have it still.

ProShares Trust Ultrashort 20+ Year Treasury ETF.

http://www.marketwatch.com/story/etfs-profit-from-rising-treasury-bond-yields

BOSTON (MarketWatch) -- Leveraged exchange-traded funds that short U.S. Treasury bonds got a nice pop last week from a jump in yields, and the ETFs could see further gains if investors lose their thirst for government-backed debt.

In a dramatic sell-off Wednesday in government bonds, yields on 10-year notes surged above 3.7% at one point to their highest levels since November. That upheaval in the bond markets, which some traders said was exacerbated by mortgage-related selling, ignited fears that inflation is on the horizon as a result of the government's efforts revive the ailing financial system.

........

guess what? that story is over two years old

If you wanted to make lots of money. Just look at who bought the GOP.

Invest in human suffering. Anything that goes up when people suffer, die and are fearful, paranoid and xenophobic. Companies that make missiles bombs, guns, security, tasers, tear gas, anti-depressants, private prisons...

But with so many companies selling, how would you know which ones to choose? Best bet are the ones that buy invest the most in lobbying. Highest returns on any corporate investment. Best to do the research now while there is still some disclosure. That little bit of transparency is likely to fade away.

Prices are higher now, but if one is willing to sell a soul, you can still get in.

:evilfrown:

on edit, to clarify - ours was in a mutual fund.

We didn't want to lose principal either.

hurt. However, keep in mind the FDIC insurance limit is 250K per account. Not sure what the maximum CU accounts are

If we actually default, money markets could be affected

what they're paying you.