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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Yeah you can earn a higher return over the long run, but in order to earn those returns you have to risk losing some principle, and what if you need to "get your money out in two days because you really had to" but you've lost 20% of your principle since you started?
Money markets are a good place for "chicken money". Alot of people are saving for down payments on property, or want to earn interest on money they've set aside to pay taxes at the end of the year, etc.
You don't want to risk your principle in that scenario.