Replies to post #16 on the Pragmatic Investor

[lifo]

Hello RCB,

Thanks kindly for your comments.

With regards to MMF's, to my mind, the important criteria are:
1. Effective Yield
2. Convenience

Here is a sampling of current effective yields:
Phillips, Hager & North MMF-A: 2.06%
RBC Cdn. MMF: 1.48%
RBC mPrem MMF: 2.08% (for large amounts)
CIBC MMF: 1.28%
Similar to RBC, CIBC offers MMF's with higher yields (2.07% to 2.18%) for large amounts.

Depending on what institution you have your accounts with, you may need to trade off effective yield vs. convenience of getting your cash when you need it.

Regards,
Jack