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Just got served notice the board has voted to liquidate all securities in my money market market sweep account. .. the way I read this is loses will be taken and if you hold anything in the mm fund you will will get for every dollar something less than a dollar.
Very telling … we are heading for an economic shift storm. -
Fred- Not sure of the enitity of the board you refer to.
board of the money market fund?
or the board of TD itself?
thanks hawthorne -
AnonymousI had an account with them years ago. Now I gotta check my email to see what they sent me.
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It was the board for the money market. To sidestep this I bought cef and withdrew the left over cash.
In the coming crisis if you don’t hold it you may not have it.
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