Money Market Funds Surge in Market Turmoil

On, August 28, 2007, Benjamin Tobias was quoted in the article Money Market Funds Surge in Market Turmoil by Laura Bruce.  Ben commented on the month’s steep declines and increased volatility.  “It’s human nature to be nervous, but I tell them (clients) that this will happen periodically and they just have to take a deep breath.  Since the 1980s we’ve had many periods of great volume and decline – the 1987 crash, the 2000 to 2002 decline.  And both times long-term investors were rewarded for holding on, and in relatively short order.”

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