MLUG: Re: [MLUG - DISCUSSION] Money Markets?
Re: [MLUG - DISCUSSION] Money Markets?
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Dave Lloyd wrote:

That sounds not horrible, but your money is locked up for a while unless
you want to forfeit your interest. A money market might be better for
you right now,

I think that David is right - money market mutual funds offer similar if not higher yields, and you can withdraw the money whenever you like, and with only superficially higher risks.


or, better yet, paying off high interest credit card
balances.

... but in today's economy, paying off high interest rates is by far the best investment.


In 1998 I was involved in a very bad auto-accident, and I obtained a large amount of money in the settlement. At that time the stock market was at an all time high, but I chose instead to invest my money by paying off the mortgage on my house. Even though this was a significantly boring investment, the peace of mind it brought (and that the stock market had a big crash soon after that) makes this one of the best investments I have ever made.

Stephen

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