There are Closed End Funds that pay dividends monthly that I use. Look in etfconnect.com or dividenddetective.com for ideas. You are of course exposed to share price changes that can easily swamp any dividend income you may receive.
IB itself has a Notes program (that I'm not supposed to disclose) that pays quarterly at a nice return. However, it appears that they are getting all the money they need from banks now, so I think they will shut this program down eventually. You can buy individual bonds at IB, although the minimum is several million - more money than I have! I've decided the safest thing to do is just let your cash sit until you find another investment. ReefBreak --- In [email protected], "mrdavis9" <[EMAIL PROTECTED]> wrote: > > Interactive Brokers does not offer Money Market mutual funds, or Mutual funds of any kind, but they do offer trading in ETF'S. > > If ETF traded Money Market Funds are available that have the same risk as MM-Mutual Funds, then uninvested funds in Interactive Brokers could be parked in a money market ETF without having to take the money out of the Interactive brokers personal account, or the Interactive borkers IRA accounts. > > I have (searched) for Money Market ETF's and have not found any yet. I would appreciate hearing any suggestions of how I might be able to achieve > > my objective of parking uninvested Interactive Brokers funds while taking no more risk than MM-Mutual Funds. Ron D >
