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[A HERETIC I AM]

3. You haven't got a thing to worry about. -

If the fund you own shares of is a Fidelity fund, you can go to their website and look it up and find the “Holdings” tab. There will be a link to the entire portfolio (It may be in the Prospectus) which will show you what types of securities are held.

The vast majority of Money Market Funds hold very short term securities, either CD’s, US Treasuries (Bills, typically - those of very short maturities) and others.

These are the types of securities the FDIC uses to guarantee your savings account.

During the crisis of ‘08 there was a report of ONE - just a single one - Money Market fund that had it’s share price fall below $1.00.

ONE. And it was a special, institutional only fund used by brokerages and traders, and it went below for only a day or two, at most.

There isn’t much more safe place to put cash, particularly if it is made up of Treasuries.

And no, they won’t let the Treasury Default, no matter what the naysayers blather on about. McConnell isn’t an idiot.

Relax. You don’t have anything to worry about.