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http://boards.fool.com/hedge-wrote-ltigtdue-to-the-potential-25957553.aspx
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| Subject: Re: Emergency Fund | Date: 10/2/2007 4:47 PM | |
| Author: Tredos1 | Number: 21772 of 34950 | |
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Hedge wrote: <i>Due to the potential fluctiations of bond fund NAVs, it's probably not a good idea to put emergency money in a bond fund - you may come up short when you really need it. The same is probably true of a money-market fund.</i> I'd like to understand more about the risks of a money market fund you allude to. I keep my emergency fund in an Insured Money Market Account at the credit union. This account gives me acceptable interest (4.25%) and is insured. What can go wrong? I know I can get more interest in CDs but I like the liquidity of just doing an electronic transfer to the checking account if I need it. Thanks, Tredos |
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