antelopedundee
Well-known member
A money market fund by its nature is compounded since dividends are earned monthly and paid monthly. Of course rates will vary too. Drop them down to 1% and you might not do to well. I would ask if there are funds where interest is earned daily and paid daily?Yes, it is sad that more young people don't know how valuable compounding interest is. No one handles their earnings perfectly. Life can throw hurdles at you. Life has been kind to me.