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How to use money market funds in your portfolio

How to use money market funds in your portfolio

Money market funds are mutual funds that invest in short-term debt instruments with high credit quality, including US Treasury bills and short-term unsecured corporate-backed notes (aka commercial paper). Money market funds aim to sustain a net asset value of $1.00 per share while offering higher yields than bank savings accounts.(full story)


Buyers fret as the average cost of a new car nears $50K

 Buyers fret as the average cost of a new car nears $50K

DETROIT (AP) — After a few years of sharing a 2019 Chevrolet Trax, Dana Eble and Tyler Marcus are finally looking for a second car. But as they jump into the market, the young married couple isn't sure what they can afford.
“I just keep seeing a lot of different aspects of life getting more expensive, and it’s ... (full story)


One Tech Tip: A new generation is reviving the iPod for distraction-free listening

One Tech Tip: A new generation is reviving the iPod for distraction-free listening

Remember the iPod? It's making a quiet comeback.
Four years after Apple killed off its digital music player, secondhand sales are surging. It's fueled in part by young people interested not just in its retro looks but a desire to listen to music in a focused way and with playlists not determined by algorithms.
“There&r ... (full story)


Gift Tax Returns and 529s

That's the big difference between income taxes and gift taxes. The recipient is not subject to gift taxes; the donor is. Nor is the gift taxable to the recipient as "income."
When Congress proposed gift taxes in the 1920s, the idea was to prevent people from depleting their estates -- and avoiding estate taxes -- by g ... (full story)


A 1.9 billion-year-old bedrock will soon house the world's first permanent nuclear waste site

A 1.9 billion-year-old bedrock will soon house the world's first permanent nuclear waste site

OLKILUOTO, Finland (AP) — With the push of a button, the elevator descends hundreds of meters in seconds into the dark depths of Onkalo.
“We are now at about minus 430 meters (1,411 feet),” muttered geologist Tuomas Pere as he steered a car through a labyrinth of man-made tunnels. “We are driving through ... (full story)