6 Places to Put Your Cash Now
By Tobie Stanger
Money market funds invest in debt: super-safe, short-term Treasury bills, plus short-term municipal and corporate debt (also known as “commercial paper”). 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,” says Eric Bronnenkant, head of tax at Betterment, an online investment company based in New York City.Read the Original Article
This article originally published December 19th, 2018 on Consumer Reports