When it comes to investing discretionary funds risk is an inherent inevitability. All investment options carry a potential risk for loss or gain. In the economic climate of today, an element of skittishness exists towards the uncertainties associated with the volatility of the stock market. However, money market funds offer an alternative that will still grow your idle finances, provide a markedly high level of security, liquidity, and a better rate of return than the average savings account. Money market funds or money market mutual funds are an ideal cash management option for retirees or those with a rainy day fund seeking to diversify their financial portfolio or a safe stable investment to grow their nest egg.
A money market fund or money market mutual fund investment vehicle is specifically designed to provide protections against losses due to credit, market instability, and liquidity risks. This particular type of fund is comprised of no loads short-term investment opportunities characterized as being low interest earning, high-quality cash equivalent assets. There are several different types and sizes of money market funds. They are generally categorized according to the investment strategy for which the funds are utilized.
Bruce R. Bent II is Vice Chairman and President of Double Rock Corporation®, a leading financial technology company in conjunction with his role as Senior Executive to its wholly owned subsidiaries Access Control Advantage, Inc., Intrasweep LLC, Island Intellectual Property LLC, Landing Rock Group LLC, LIDs Capital LLC., and affiliates. Bruce R. Bent II is a recognized standard-bearer in the financial services industry as the co-creator of the first money market fund called the Reserve Fund. The introduction of the money market fund back in 1970 so profoundly altered the financial services industry that it received recognition by the American Museum of Finance.
He has accumulated a wide array of in-depth experience and expertise over his decades as a financial professional. It’s no wonder that those fortunate enough to have had the opportunity work with Bruce R. Bent II repute him as “a strong leader, a transformative visionary, a creative strategist and one “able to quickly get to the essence of a matter especially in complex scenarios.” Based on the various achievements of Bruce R. Bent simply being featured in the book Leadership Secrets of the World’s Most Successful CEOs though honorable does not deliver justice to such a multi-talented individual.
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