- October 9, 2023
- Posted by: legaleseblogger
- Category: Related News
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## Introduction
Hello everyone,
I hope you’re all doing well. I am currently looking for a reliable way to invest the cash from my emergency fund into a Money Market fund while also contributing to it on a monthly basis. After some research, I came across Trade Republic’s saving plan, which seems to offer cost-saving benefits in terms of fees. In my search for a suitable Money Market fund to invest in, I found one that caught my attention and I would really appreciate hearing your thoughts on its safety.
## AI Legalese Decoder to Assess MMF Safety
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The MMF I am considering appears to be synthetic based, which raises concerns regarding its desirability. However, with the assistance of the AI Legalese Decoder, it is possible to gain a comprehensive understanding of the fund’s underlying composition and assess its level of safety. By translating the legal jargon into plain language, the Decoder enables individuals to make more informed decisions about their investments.
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By leveraging the AI Legalese Decoder, I can gain valuable insights into the safety of the synthetic-based Money Market fund I am considering, helping me make a more informed decision about its suitability for my investment goals.
## Conclusion
In summary, I am eager to park my emergency fund cash into a Money Market fund and make monthly contributions. Trade Republic’s saving plan seems promising in terms of reducing fees. I would greatly appreciate your thoughts regarding the safety of the specific MMF I found, as it is synthetic based. With the assistance of the AI Legalese Decoder, we can gain a deeper understanding of the fund’s safety and make a well-informed decision about our investments. Thank you for your input and insights.
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AI Legalese Decoder: Simplifying Legal Jargon and Assisting with Complex Legal Documents
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****** just grabbed a
I use it myself. Current Yield is about 3.1 percent, which is a bit more than my savings account offers.
Biggest advantage in my view is the ultra low volatility, compared to an ultrashort corporate bond ETF, which was quite volatility during the banking failures.
I have cash parked there since the beginning of the month. Seems like a good solution, if you want to keep some liquid funds for whatever reason (I keep part of my emergency fund there). Interestingly, IBKR Stock Yield Enhancement Program has been lending up to 84% of my shares overnight at good rates. If it keeps up, it’ll add >0.5 points to the annualized return, but not sure it will.
There are other alternatives to consider. Don’t know about fees with Trade Republic (can you buy it without?), but it currently takes several business days to offset my broker’s commission in one direction. Some mutual (non-ETF) money market funds have no commission (at least with my broker), so they might make more sense in some scenarios. I don’t use them because ETFs are more tax-efficient in my country (weird tax laws).
You can find the mutual funds by searching for “euro cash”, “euro money” or “euro liquidity” and see offerings by Allianz, Amundi, BNP Paribas, BlackRock, Invesco, DWS and others. Some are commission-free (at least with my broker) and have no minimum buy, e.g.:
* ALLIANZ┬áEURO┬áCASH┬á”A”┬á(EUR)┬áINC
* BNP┬áPARIBAS┬áEURO┬áMONEY┬áMARKET┬á”C”┬á(EUR)┬áACC
There are also many ETF alternatives, like:
* [https://etf.dws.com/de-de/LU0290358497-eur-overnight-rate-swap-ucits-etf-1c/](https://etf.dws.com/de-de/LU0290358497-eur-overnight-rate-swap-ucits-etf-1c/)
* [https://www.deka-etf.de/etfs/Deka-Deutsche-Boerse-EUROGOV-Germany-Money-Market-UCITS-ETF](https://www.deka-etf.de/etfs/Deka-Deutsche-Boerse-EUROGOV-Germany-Money-Market-UCITS-ETF)
* [https://etf.invesco.com/ie/institutional/en/product/invesco-euro-cash-3-months-ucits-etf-acc/trading-information](https://etf.invesco.com/ie/institutional/en/product/invesco-euro-cash-3-months-ucits-etf-acc/trading-information)
* [https://www.amundietf.de/de/professionell/products/fixed-income/lyxor-euro-overnight-return-ucits-etf-acc/fr0010510800](https://www.amundietf.de/de/professionell/products/fixed-income/lyxor-euro-overnight-return-ucits-etf-acc/fr0010510800)
* [https://www.amundietf.de/de/professionell/products/fixed-income/lyxor-smart-overnight-return-ucits-etf-deur/lu2082999306](https://www.amundietf.de/de/professionell/products/fixed-income/lyxor-smart-overnight-return-ucits-etf-deur/lu2082999306)
Interestingly, the last one is just the “distributing” version of Smart Overnight Return, that’s traded on Xetra (lower fees than Paris/Milano). But it doesn’t seem to distribute anything(?), so perhaps it’s just a better way to trade the same fund (if you get any savings by trading it on Xetra).
If you have the option of a guaranteed bank savings account at similar rates, it’s probably best to go for it instead (I don’t).
It’s fairly safe. It is composed of bonds + a swap to guarantee the result.
If you don’t like the swap thing, you can buy an ETF of ultra short bonds, or simply short bonds. The volatility will be fairly low as well, and the returns may be slightly higher.
I have my liquidity savings on one of these, an easy way to get savings account rates without locking your money for years
Terrible, at these rates.
YouÔÇÖre getting a savings account return (or a AAA rated short term bond return), without all the protections associated with it.
Use only if you canÔÇÖt find a savings account or canÔÇÖt buy NL/FR/DE gov bonds.