Message Font: Serif | Sans-Serif
No. of Recommendations: 0
894Marty asks: Where does one put cash these days ?

Are you talking short term or long term? How much risk are you willing to take?

Short term I'd look at money market mutual funds first. Yielding 3% to 3.25% right now but the yield varies and I expect it to drop to 2.75% by year end. A completely liquid asset and very safe. (They were frozen Tuesday and Wednesday after the WTC attack because the financial markets were closed, but the major funds have since changed their rules to allow activity anytime banks are open.)

Longer term shop around with local banks or call your broker for CD rates. Again, safety of principal. Check I-Bonds too. If you can stand some investment risk as prices fluctuate, try treasuries, high grade corporates, or GNMAs.


Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.