AOB 20rd/02/20205
- Thread starter Cortedivoire
- Start date
Mwalimu-G
Elder Lister
You'll smell like fish.
mzeiya
Elder Lister
zapp_brannigan
I am not a Futurama fan .
Fisherman
zapp_brannigan
I am not a Futurama fan .
mzeiya
Elder Lister
Okello used brains. I hear fish enhances thinking capacity. Going back to my earlier point, gimme that fish!
zapp_brannigan
I am not a Futurama fan .
whats happening with MMF buana ?
mzeiya
Elder Lister
Guchuki Kahome explained this way:
Rates are coming down because the rates of the underlying assets are also going down.
Money Market funds invest in T-bills, Fixed deposits, demand deposits, call deposits, commercial paper, etc
With the Central Bank cutting interest rates, and even more rate cuts expected, the rates of the above underlying assets have been declining as well.
There should be no panic as this is normal
MMF are supposed to track interest rates.
The sole purpose of a MMF is to give you a return above the inflation rate.
Even with rates coming down, that will still be achievable.
It will still be better to save your money in a MMF than in a bank savings or fixed deposit account.
Ndio maana a diversified portfolio is key.