Should i put my money in a money-market saving or brokerage account?
July 11th, 2010
I am planning to save up about 300k to buy a house in the next 2 years. Right now i have about 50k total that i’ll continue to contribute to save.
Should i put my money in a money-market saving like HSBC/ING Direct or put my money in bonds and CDs in a brokerage account?
What’s the best account for me??
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personally, i think that you should devide it up. put some of it in bonds and brokerage account and the rest in savings
both.
The brokerage account will give you much more flexibility. And inside that account you still can invest in guaranteed accounts like money market funds, CD’s and US Treasury obligations if you need protection.