Well, I said apart from derivatives and bonds (I was trying to be helpful, honest), so I can't accept "government bonds" as an answer (I hope you'd realise that they're just a specific form of bond). No, I'm not suggesting that fixed income funds trade currencies (though obviously they will), I'm saying they hold currencies as an investment for their clients.
[1] Can you point me in the right direction? I've tried to find evidence to support thiis calim, and came up with ...zilch.
[2]
The Complete Idiot's Guide to Investing Investopedia tells me of possible ways to "invest" in currencies. Please tell me which fits best what you're suggesting fixed rate funds do:
-Standard Trading Account (trading)
-ETF/ETN (trade currency without Forex account)
-CDs & Savings Accounts (money in the bank)
-Foreign Bond Funds (Not_your_own Government bonds)
-Multinational Corporations ("indirectly participate in the foreign currency markets through their ownership in companies that do significant business in foreign countries." Rube Goldberg's favorite, and "5 Ways To Invest In Currencies" sounds so much better that "4 Ways..."
[3]
Fixed income traditionally was investments for "widows and orphans" - low risk, cash and bonds, in a pre-derivative era. So that's BTC investors, widows and orphans now - you want to tell them their investment isn't an investment, or shall I?
Investments for "widows and orphans" sounds like some sort of a nasty bitcoiner thing where everyone gets raped and then the streets flow with tears and snot. If you're talking about IRL safe investments, "Good as government bonds" is proverbial
[4]
Part where LBGA tries to get catty
Doen's become you. Don't.
[1] Links in previous post, surprised you "missed" them. Here's
Schwab again:
Schwab and Schwab Bank offer a wide selection of cash and cash investment solutions.
Barclays offer the same. A quick google for "cash" and "invest" should open up a whole new world to you. Hell, while you're at it, google "traditional investments". (They're all - IMO - poor investments, before you get your panties knotted, but see [3] below).
[2] You probably want to avoid Investopedia, it's a resource for lay-people with minimal experience. Entry-level stuff. You should also probably realise that I wasn't talking about fixed income
funds. (Go back, re-read my posts - I'll wait).
[3] We're not talking about safe investments, good investments or bad investments. Remember - we're talking about your belief that "you invest with money, not in money". Your hobbies are not relevant here.
[4] Tell me what will and won't result in your butt being hurted, and I'll do my best to accommodate.
[1] This is what Schwab is offering (from your link, point by point):
-
Cash pending investment is available to invest immediately without risk of delay in having to transfer money or liquidate a current position to settle trades.
The Schwab One® Interest feature allows you to earn interest on your
uninvested cash.
(self-explanatory; not even claiming to be an investment)
-
Everyday cash and cash investments are for day-to-day or monthly recurring expenses such as bills.
If you value FDIC insurance, a competitive yield, and a range of features such as bill pay, checkwriting, and debit cards, a Schwab Bank High Yield Investor Checking® account may be right for you. (FDIC insured, lets you write checks and use a debit card. pay bills. Sounds familiar? It should: It's called
a bank account)
-Longer-term cash can be part of your strategic asset allocation to reduce portfolio risk. It can also be used to meet known obligations, typically those coming due in more than a month.
(CDs from other banks, invest in Schwab Money Market Fund*, and Schwab Bank High Yield Investor Savings® -- a variable-rate bank account.
In short, nothing here is an investment in money. Nothing. Those banksters fooled you without even trying.
[2] I don't want to avoid Investopedia because, like yourself, I'm the furthest thing from an investment professional. The only difference between us is I know that I'm clueless while you ...well, you are the embodiment of the Dunning–Kruger effect.
That's what gets you into trouble, LBGTA
[3]You bet. You do ""invest with money, not in money." Or, rather, I do. You're still trying, so, I suppose, technically you are. Why split semantical asshairs and burst such beautiful delusions of purpose and competence, amirite?
[4]Way to ignore my excelent advice
*I can understand how the name could mislead a pro such as yourself. Perhaps counterintuitively, "money market fund" does not mean "a fund investing in money."
From the horse's mouth: "Schwab’s money market funds invest exclusively in dollar-denominated, high-quality, short-term instruments, including but not limited to securities issued by the federal government, corporations, municipalities, and banks".
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