[NVDave]

OK, when you sell off the “money market” mutual funds, you roll out of a mutual or “sweep” fund, and you’re left in cash, which has a 0.0% yield.

The money is still in your account, so technically it didn’t move anywhere, just as when you buy or sell a stock in your accounts, your money didn’t “go” anywhere - it was just buying or selling an asset held in your account. So the money didn’t have to “go” anywhere, it was just pulled out of the money market funds.

[razorback-bert]

So, your saying these guys are afraid to leave their money in the money market fund, yet they are willing to leave it in the bank, brokerage or mutual house account.