Money market interest - a stepping stone towards achieving financial independence as you extend your financial education in your quest to become saving- wise.
Money market savings accounts, the best money market rates or a high interest money market? It may all seem a little confusing at first.
But don't give up ... take the time to work through the financial jargon, investigate the advantages of money market funds and take note of inflation outperforming investments.
You'll be well on you way to learn to invest money. You'll be in a better position to take ownership of the various options of the best ways to invest money.
You'll be working for the best return on your investment.
MONEY MARKET INTEREST
Potential Advantages of Money Market Investments:
How Money Market Funds Are Able To Offer You A Better Interest Rate:
Stepping Stone To Becoming Saving- Wise:
Straight Money Market Account - usually offered as an investment option at banks
Money Market Unit Trust Funds - usually offered by unit trust companies
Your capital may be relatively safe BUT your capital growth must outperform inflation for a money market to be a good return on your investment.
Remember to ask about any fees that you may be liable for: initiation levy; broker's commission; annual service fees and tax implications
Money market interest - show your interest in broadening your financial education and enjoy the journey to financial freedom and independence.