|
| Archive for the 'Advice' Category |
| Debit cards linked to money market accounts |
Debit cards that allow clients to manage their money in an everyday account while earning the high interest rate of a money market fund are now available, with Sanlam launching this industry first.
Susan van Staden from Sanlam Personal Finance: Strategic Business Development said on Wednesday: "Thr
| Top 10 tax resolutions for 2007 |
Well, here we are at the end of another RRSP season. The rush is on to get the contributions in, and the rush is on to figure out where to stuff it. I guess at this point if you haven’t made your contribution yet, the important thing to do is just to make sure it is in an RRSP account somewhere; we can always figure out in a later column what to invest in.
Continue Reading
| BIZ BRAIN says invest in a Money Market Account for short term gain |
User " I sold my house and am walking away with $31,000 profit. I am planning on buying a new house, but not until May. How do I make the most on my return over these few short months — stocks, money market, short-term CD? –Making the most of it Match the life of the investment with the planning horizon. "
If you expect to need the money in May, don’t invest in stocks. Invest instead in a money market mutual fund, money market account or short-term CD.
| Investing for the Short Term |
reported by Dr. Don of BankRate.com
Dear Dr. Don,
I sold my house and am walking away with $31,000 profit on Tuesday. I am planning on buying a house, but not until May. How do I make the most on my return over these few short months — stocks, money market, short-term CD? I’m confused.
– Jon Jumble
Dear Jon,
Match the life of the investment with the planning horizon. If you expect to need the money in May, don’t invest in stocks. Invest
_______________________________________
|
||||||||||
|
You are currently browsing the archives for the Advice category.
 Advice (4)
Bank Cards (1)
Banks (3)
Credit Scores (1)
Debit Cards (1)
Define Money Market Account (2)
Interest Rates (1)
Money Market Account (13)
Money Market Account Comparisons (1)
Money Market Account Rates (5)
Savings Accounts (1)
Taxes (1)
|
|
