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Consumer Reports

6 Places to Put Your Cash Now

By Tobie Stanger

Money market funds invest in debt: super-safe, short-term Treasury bills, plus municipal and corporate bonds. While convenient to use if you also have a brokerage account, unlike savings and money-market accounts, they’re not insured.

“They’re low-risk but there’s an incremental amount of risk over investing in high-yield savings accounts,” notes Eric Bronnenkant, head of tax at Betterment, an online investment company based in New York City.

Read the Original Article

This article originally published May 9th, 2018 on Consumer Reports

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