Re: [MLUG - DISCUSSION] Money Markets?

[Jennifer Dozar <EMAIL:PROTECTED>]

On Tue, May 23, 2006 at 10:16:53AM -0500, Stephen Montgomery-Smith wrote:
> 
> 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.

Don't get me wrong! i'm definitly paying off some bills :)  i just
didn't want it ALL to go to bills considering i'm still needing to buy a
new car still... Trying to get that part wrapped up. I got the title
yesterday, but the Lien was still on the title... but we have a letter
from the bank saying it is paid off.
> 
> 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.

So between getting a "new" car and trying to pay off some bad marks on
my credit, i'm trying to balance the money best i can. but i want to
make sure i put some away too so i don't get into financial trouble
later... especially if i have to move again, or something else happens
to my next car. or something like that. I just thought maybe i could put
some of that money to good use and see if a fund or something with
interest building can at least make my $2k more... so maybe in the long
run i'll have more money.

> Stephen
> 
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Jennifer Dozar
http://seul.org/~jennifer/osschools/
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