Fidelity Core Account (Money Market)

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datamonkee
Posts: 59
Joined: Wed Sep 07, 2011 10:40 pm

Fidelity Core Account (Money Market)

Post by datamonkee » Tue Aug 16, 2016 4:03 pm

Between me and some family members Fidelity accounts, I am seeing some weird (to me) stuff going on with the money market core funds (funds used as liquid cash for transactions):
1. A new core account (CORE**) is added. The old core account is still present, but it looks like every other mutual fund.
2. Some people have no change in core accounts keeping the original core account the same.

What's going on here?

grok87
Posts: 7511
Joined: Tue Feb 27, 2007 9:00 pm

Re: Fidelity Core Account (Money Market)

Post by grok87 » Tue Aug 16, 2016 11:27 pm

datamonkee wrote:Between me and some family members Fidelity accounts, I am seeing some weird (to me) stuff going on with the money market core funds (funds used as liquid cash for transactions):
1. A new core account (CORE**) is added. The old core account is still present, but it looks like every other mutual fund.
2. Some people have no change in core accounts keeping the original core account the same.

What's going on here?

new rules
http://blogs.wsj.com/cfo/2016/07/28/inv ... ney-funds/
most places are switching to treasury money markets
"...people always live for ever when there is any annuity to be paid them"- Jane Austen

datamonkee
Posts: 59
Joined: Wed Sep 07, 2011 10:40 pm

Re: Fidelity Core Account (Money Market)

Post by datamonkee » Wed Aug 17, 2016 10:04 am

Thanks for the info. That does clear things up.

grok87
Posts: 7511
Joined: Tue Feb 27, 2007 9:00 pm

Re: Fidelity Core Account (Money Market)

Post by grok87 » Wed Aug 17, 2016 6:36 pm

datamonkee wrote:Thanks for the info. That does clear things up.

you're welcome.
"...people always live for ever when there is any annuity to be paid them"- Jane Austen

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