Quote:
Originally Posted by Quick Buck
i dont quite see the point in keeping any significant amount of money in a money market... in order to get those top rates you have to keep 100k+ in most of the banks, and if you have 100k or more sitting around you really should be sitting down with an investment advisor so that you can earn 12-15% realistically.. and most of these investment accounts are fairly liquid, 2 days to get your money out if you really had to.
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I keep it there for real estate investments. I've become addicted to tax lien auctions and also, around here, if something's hot, you buy fast. It's liquid money for real estate. And yeah, I could get something out in 2 days in other investment accounts, but usually there's a penalty. Since I KNOW I'm going to be taking it out, I leave it where it's going to cost me the least (0) to move it to my checking account, write a cashier's check and off I go
I may lose a few percentage points (which I'd be paying taxes on anyway), but it's just easier for old dumb blondes to deal with MM accounts for liquid funds.
