A money market fund never changes in net value per share. It is always one dollar. But, interest rates are rising, so, you are getting about 2 percent of interest, which is up from 0.01 percent several years ago. The money market interest rate was not 0 percent it 2007. It was about 4.5 percent in 2007, about 2 percent in 2008, but then it steadily declined to almost 0 percent over several years. You can thank the Federal Reserve for the decline.
Last edited by retiredguy123; 09-02-2018 at 02:50 PM.
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