Posts Tagged ‘money market account’

Is there any risk involved in putting money in money market account?

I know money market account is not isured by FDIC. I will have about 300K to invest but since the stock market is really volatile right now, I like to start investing slowly. I am planning to put some money in money market account at Vanguard. Their money market account have a slightly higher return. I also want to buy some mutual funds that Vanguard offers in the future.
But I am just a little concerned about putting all the money in just one account. Any thought? What kind of risk shoud I think about? Should I go with CD or Bond?


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Am I better off with a Money Market Account or Savings account?

I have ,000 saved for emergencies. should I put it in a savings account or money market account. tax free or taxable? I’m single and make 0K annually.


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Is my money safe in Vanguard Prime Money Market Fund?

It’s a money market account that is not FDIC insured. I put funds in Vanguard because it was getting much better interest than a bank, now I don’t know if it’s a good idea.


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Should I make a lump-sum contribution to my mutual fund account or take advantage of dollar-cost averaging?

I received some inheritance money that I’d like to invest for retirement. I plan to open a mutual fund account with Vanguard and begin investing in index funds. Should I invest the entire lump sum at once or keep it in a high-yield money market account and fund the mutual fund account monthly to take advantage of dollar-cost averaging?

Assume I have no bad debt, have already established an emergency fund, am contributing to a 401(k), and am funding a Roth IRA (also with Vanguard) to the annual max.


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should i put my stimulus check in my money market account?

i draw disability and i am expecting a 0 stimulus check. should i put this money in my money market account for investment in the stock market?


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$1000.00 in a money market account over one yearwhat would the investment, liquidity, and safety as well as in?

If I invest 00.00 in to a money market account over one year what would the investment, liquidity, and safety as well as interest rates, interest gained, and maturity value be.


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So confused here what is a money market account?

I am so confused here. I put my money into this new account at Wachovia called money market account which is like a savings account..

Just curiuos here do I have to pay taxes at the end of the year for having a money market account? Just need to know this. Maybe it wasnt such a great idea to take out my savings from my old Citi Bank account… Please please advise. If I made a wise decition to transfer my money to wachovia to a money market account?

Thanks guys


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what is the diffrence between a money market account and a savings account?

i want to open a high intrest savings account. or should i go with a money market account. should i go with the highest intrest rate or with a well known name.


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Are there different types of money market accounts related to a 401k plan?

In my 401k can I put all my contributions into 1 money market account.Or do I have to split my contribution up>


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What's a good first step to opening a money market account?

Where should I research the best money market account out there and are their reputable resources out there that can help someone who is new to this?


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