Conservative Money Market
Our mission is to provide Conservative Money Market information to all of those asking how to earn better interest rates without a lot of investment risk...
There are ways to receive more interest on your investment funds without a high degree of risk. However, what with interest rates being at historical low-levels. Go-here to see long-term interest rates chart. Today's interest rate you can get will be extremely low compared to historical interest rates in the past. Nevertheless, a money-market-account is a conservative and excellent way to save money and at same time be safe and secure, and also able to access your funds to spend some of your money too! Conservative money market accounts offer savers and investors an investment which can help you save with more confidence in today's difficult economy.
Gold prices are at historical high levels and people are learning to trade a gold trading system for making-money. In addition, the stock market is too volatile to trade or invest in. Thus, many consumers are turning to conservative money market accounts, in a statement recently released by the Federal Deposit Insurance Corporation in Washington, DC. That monetary migration to a more conservative money market account is due in large part to the new FDIC insurance limits now covering deposit accounts up to $250,000. That is a federal government protection not usually available to investors in stocks, commodities, bonds or money market mutual funds. If you are worried about the stock market and you don't have money to possibly lose, a "conservative money market" account is an option to consider.
A Money Market Account can fit well into your financial plan. In general, a money market account restricts the number of account withdrawals. They do not have a maturity date like a certificate of deposit has. When a Conservative Money Market account is linked to your checking account at your bank it can help you earn more interest on your funds that normally are in a low-interest rate or no-interest earning basic checking accounts. When you need cash in your checking account, you can easily transfer funds from one account to the other, especially easy if using online banking.
Conservative money market accounts fill the gap between a regular bank savings account and a bank CD. Money market accounts typically carry interest rates slightly higher than a standard savings account, with better access to your funds than possible with a bank CD. You have a investment and banking product offering a higher interest rate vs a savings account but offering more flexibility compared to a certificate of deposit.
An CMMA account is attractive to consumers who may only need to dip into their cash funds a few times a month. It's an easy and secure way to invest your funds.
Are You Ready to Invest?
We grew up in world in which the news about the failure of Social Security is almost as constant as the news about the failure HMOs. We all know that it is unlikely that many people who are currently contributing to social security will ever see the money we've invested into the program. At least these funds are probably not coming back to darken our doors. This means we need to find alternatives and end our reliance on the government for a comfortable retirement that doesn't appear to be in the wood works.
For this reason we are seeing more and more people in the twenty and thirty something generation taking matters into their own hands and investing not only for their retirements and the days when we can no longer work but also for those days when things happen and we need to fix broken houses, buy new cars, or pay hefty insurance deductibles for medical care. There are many reasons we choose to invest and very few that would ever be considered the wrong reason. The question remains, because there are so many out there who are not yet investing, with so many reasons to invest, are you ready to invest?
Here are a few situations in which if you don't think you are ready to invest you may need to revisit your opinions and decide that ready or not, you need to invest.
If you have children and a job that doesn't offer a pension plan or matching retirement fund then it is probably a good idea to invest on your own. Even if you don't have corporate provisions for contributions you have alternatives such as Roth IRAs that will give you a tax break for investing some of your money and helping to plan for your own retirement.
If you have children that will some day need dental work, medical services, and/or college educations it is about time that you began those savings plans. Yet again there are tax deferred and tax fee options that are available and having this money invested ahead of time can save you so much money later on that it is worth making a few sacrifices along the way to secure the future of your children.
If you want to give your daughter the wedding of her dreams then you absolutely need to begin preparing, saving, planning, and investing about 10 years before she's born. Weddings are expensive and if you are going to go the dream wedding route you need to be saving some serious money in order to give her that fairy tale.
Finally, if you want your retirement to be a nice comfortable existence and not to be spent in your future daughter-in-law's broom closet you need to be ready today to begin investing in your future retirement. Time is short, life expectancies are longer than ever, and the costs of living are continuing to rise at alarming rates. If you're not ready to invest you need to figure out why and fix the problem so that you can be ready to invest and soon.
Investing in your financial future is the greatest gift you can give yourself by far. If you aren't sure where to begin or how, perhaps it's time to seek the services of a qualified financial advisor. His advice may prove invaluable and may give you a much more comfortable future than you would have ever imagined left to your own devices.
Reasons to Invest
Many people think of investing in the stock market as a means of reaching retirement goals and nothing more. There is very little that could be further from the truth though. There are many reasons that people invest in the stock market that have a lot to do with the more immediate future. If you haven't considered all the great things that can come about as the result of savvy investing in the stock market and mutual funds, perhaps these ideas will give you a little inspiration.
Buying a home. While you do not necessarily need the money up front to pay for the entire house it would be great. Of course, down payments are great to have to and the more money you can spend as a down payment the lower interest rate you can get, which means you will pay considerably less over the life of your home. It also means you will have instant equity in your home that is almost always a great thing.
Sending the kids to college. This is a long term investing goal but it isn't as long term for many as retirement. Most of us can actually envision sending our kids off to college while we aren't yet ready to imagine or day to dream (or dread) what our retirement is going to be like. But many people wonder often how they are going to give their children the college education they dream of for their children.
Braces and other medical expenses. If you have kids you should be prepared for unexpected medical and dental expenses along the way. Even if you have an excellent insurance plan chances are that you will need to bear the brunt of some of these costs along the way in the form of deductibles and co-payments that can be costly in their own rights. It helps if you have a little money set aside and earning interest for these occasions.
Dream vacations. We all have places we'd love to go, things we'd love to do, and sights we'd love to see. Most of us put a lot of time and effort into securing our future and forget the importance of taking some time to enjoy the time we have today. Our children are only young once so if you want to take them to Disney it's best to do it while they're young and can enjoy and remember the experience. More importantly they can remember sharing the experience with you. This is one of the best reasons to invest.
To pay for the unexpected. Pipes burst, the heating and air conditioning go out, and new cars are needed along the way. Most investments have a much better return on investment than the average bank's interest rate. This means that by investing the money you are more likely to have it making money for you while you are waiting for those moments when you need to withdraw it in order to handle those little emergencies.
As you can see there are plenty of reasons to invest your money that have nothing to do with retirement though securing a comfortable retirement is near the top of most people's lists of reasons to invest. If you haven't thought of all these reasons and a few more and aren't yet investing, what on earth is stopping you from getting started right away?