Money market funds are called quasi-savings, which can be used as a good substitute for bank deposits and a tool for cash management.
Therefore, buying a money fund is a dollar face value.
There is no handling fee, but interest is calculated every month. If the income is deposited in the account, it can be reinvested with compound interest.
The income of a better money fund is similar to that of a bank time deposit.
Reserve funds suitable for short-term investment or urgent need of money.
Because it can be redeemed at any time, it will not become a current interest rate like a bank saving money in advance.
Investing in other funds is also profitable, but it requires long-term investment and may not be profitable or quilt in the short term.
But in the long run, the current funds are at a relatively low level. Choosing to invest in some stable, low-risk and top-ranked hybrid funds, such as Huaxia Return and Huaan Bao Li, will still be profitable.
It is only a matter of time before the bargain-hunting investment fund will have a certain income in the future.