I recently highlighted a few different alternatives to stocks and low-interest cash savings. One of the options I mentioned was a money market fund (also known as a money market mutual fund). Money market funds are often confused for similar-sounding money market accounts – a type of savings account that banks offer, but they are actually quite different. And, if you haven’t researched what they are, you probably know little about them or how to invest in them. That would be unfortunate, given that they are commonly offering 5%+ APR interest rates at the moment, and come with high liquidity, The post What is a Money Market Fund? How to Invest, Pros, Cons, & More appeared first on 20somethingfinance.com.

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