Even the Once Safe Haven for Money Now Doesn't Quite Look as Safe
All investors know they are taking a chance when buying stocks or mutual funds, but now one money market -- the safest of all stock investments -- has done something once unthinkable and actually lost money.
The Reserve Fund's Primary Fund, the very first money market mutual fund ever established, had its value fall below $1 this week, thanks to investments in now-bankrupt Lehman Brothers. Investors who put money there as a safe haven from the market's turmoil are now realizing a 3 percent... Full Story
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