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Old 03-13-08, 01:40 PM
chevyhighrider chevyhighrider is offline
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Join Date: Feb 2008
Posts: 4
Money Market Fund Question

Hey guys I would like to set aside some money, around $2000 worth, for an emergency fund. I have been trying to look into what is involved with purchasing a money market fund(MMF) and I have a few questions. First off I would like to set aside a little bit every week until I reach my $2000 goal. Would I have to just keep transfering my 50/wk into my TD account and then once I have the $2000, purchase the fund? or can I purchase the fund as I go? I am pretty sure that there is a transaction fee and minimum balance involved with every transaction. Also when I try to research Money Markets in TD's Research and Ideas tab nothing shows up on the list both with taxable and non-taxable. Also would it be better to buy a taxable or non-taxable fund? thanks Tom.
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