Today's example of monetary fund losses occurred during the financial crisis in 2008, the day after Lehman Brothers filed for bankruptcy on September 16, 2008. Because of holding a large number of Lehman's commercial paper, the scale is $62.5 billion, and the net value of the first fund under the "reserve fund" of the first monetary fund in the United States fell to 97 cents, which means a loss of 3%!

Money market fund is a kind of fund that invests in short-term investment instruments with low risk and high liquidity, such as bank time deposits, commercial promissory notes and acceptance bills, so it has the characteristics of good liquidity, low risk and low income. The face value is always 1 yuan, and there is no subscription fee or redemption fee. Interest will be paid every day and dividends will be paid at the end of the month. Generally, you won't lose money by buying a money fund.