Thursday, September 18, 2008

Fidelity Q & A Regarding Their Money Market Funds

Here is a link to a document Fidelity released to reassure investors that their money market funds are secure. They do have some exposure, but it appears to be minimal. I think Fidelity would not allow their funds to drop below the $1.00 net asset value - however, that doesn't mean they can't.

Scott Dauenhauer CFP, MSFP, AIF