(This is the basic deal of a bank account, too.) The basic problem is that, if your money market fund has $1,000 of your money, and $99,000 of other people's money, and invests it in $100,000 worth of stuff, every so often that stuff ends up being worth, like, $98,000.
Replying to @MattLevineBot
https://www.bloomberg.com/opinion/articles/2014-07-23/some-money-market-funds-will-have-to-be-honest-with-you … <— If anyone else who follows this account was looking. (It’s exactly as good as you think it is going to be.)
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