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IB pays Libor - 0.25% on cash in the account. This is just about 4.75 % or a tad more and is as good as any money mkt funds trhat I know about.
Wes Smith <wes_zoltran@xxxxxxxxx> wrote: How about the funds mentioned in this article
http://www.smartmoney.com/etf/education/index.cfm?story=betterliving2004
( I just did a google on 'money market etf' and got a few hits.)
----- Original Message ----
From: mrdavis9 <mrdavis9@xxxxxxxxxx>
To: amibroker@xxxxxxxxxxxxxxx
Sent: Friday, January 12, 2007 9:12:25 AM
Subject: [amibroker] OT:ETF's for MONEY MARKET FUNDS
Interactive Brokers does not offer Money Market mutual funds, or Mutual funds of any kind, but they do offer trading in ETF'S.
If ETF traded Money Market Funds are available that have the same risk as MM-Mutual Funds, then uninvested funds in Interactive Brokers could be parked in a money market ETF without having to take the money out of the Interactive brokers personal account, or the Interactive borkers IRA accounts.
I have (searched) for Money Market ETF's and have not found any yet. I would appreciate hearing any suggestions of how I might be able to achieve
my objective of parking uninvested Interactive Brokers funds while taking no more risk than MM-Mutual Funds. Ron D
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---------------------------------
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