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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (70333)	11/10/1999 2:08:00 PM
From: Merritt	Read Replies (1) \| Respond to of 132070

Earlie, nice to see you back online. I was beginning to wonder if you'd been Shanghaied, or enisled in the land of MU.<g> As far as mutual funds raiding money market funds, there's really no reason for them to do that - they're allowed to substitute stock for cash to give to shareholders seeking redemption (IOWs, the shareholders would probably get better results in church <g>).

To: Earlie who wrote (70333)	11/10/1999 2:29:00 PM
From: Lucretius	Respond to of 132070

i wasn't... then again.... i don't own any mutual funds -g-

To: Earlie who wrote (70333)	11/10/1999 5:01:00 PM
From: DJessen33	Read Replies (1) \| Respond to of 132070

I was not aware of this. Is this true for the major players like Vanguard, Fidelity, Janus and Schwabie? DJessen33

To: Earlie who wrote (70333)	11/10/1999 5:19:00 PM
From: Nadine Carroll	Read Replies (1) \| Respond to of 132070

Welcome back, Earlie! You've been missed. Regarding the mutual fund companies borrowing from their money market funds, this is rather alarming as I too am one of the "poor guys" who has been moving IRA money out of stocks and into the core money market account under the impression that this was a much safer place for it to be. How do I assess my real level of risk? Do you fear for the large players (in my case, it's Fidelity) or just the smaller ones?