They Said WHAT?! (Page 4 of 10)
Categories: Invest Wisely
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Survey Says:
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"If any of you have your money at brokerage firms in a money-market [mutual] fund that is not FDIC insured, you'd better switch it out today."
~ Suze Orman, speaking on The Oprah Winfrey Show.
My take: If you're going to put yourself out there as a financial guru, Ms. Orman, you need to know that the most basic of investments… money market mutual funds… are NOT, nor have they ever been, FDIC insured.
You DO want your money market accounts (and other accounts like savings, CDs, etc.) FDIC insured. Here's how to make sure that your money is safe.



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