Hello:
I have money set aside in case I lose my job or if I run into some other type of economic problem. I currently rent, so this money may alternatively be used for a down payment on real estate. The money is in a money market account that currently yields .75%
Since you know the nature of the use for the money, and my time frame for use, can you recommend any other alternative investments that would beat the .75% yield that I am currently earning? Or is this the best that I can currently earn on this money?
Thank you for your insight.
I have money set aside in case I lose my job or if I run into some other type of economic problem. I currently rent, so this money may alternatively be used for a down payment on real estate. The money is in a money market account that currently yields .75%
Since you know the nature of the use for the money, and my time frame for use, can you recommend any other alternative investments that would beat the .75% yield that I am currently earning? Or is this the best that I can currently earn on this money?
Thank you for your insight.