About this episode
Money market mutual funds used to be a good place to park money. That has changed as many funds have raised their expenses – some to 1% per year. These high expenses eat up what tiny yield you might have received. There are better alternatives. We also dive into all mutual fund expenses and where they go. How much are you paying, to whom, and for what? Plus, we take a question about the fee structure of funds of funds. Do you pay twice? Learn more about your ad choices. Visit megaphone.fm/adchoices