Types of Mutual Funds
Money Market Funds
The money market consists of short-term debt instruments, mostly Treasury Bills. This is a safe place to park your money. You won’t get big returns, but you won't have to worry about the safety of your principle either. A typical return is double what you would earn in a regular checking/savings account and a little less that the average certificate of deposit.
First Commonwealth Advisors is a registered trademark used to market various wealth management products and services. Investment management, trust and fiduciary services are provided by First Commonwealth Bank. Certain insurance products are offered through First Commonwealth Insurance Agency, a licensed insurance affiliate. Securities, insurance products and advisory services are offered through Essex National Securities LLC, member FINRA/SIPC and an SEC registered investment advisor. Essex is not affiliated with First Commonwealth Bank.