omes to investing your money, you’ll probably know by now that you have numerous options to choose from.In fact, it can feel like a bit of a minefield and sometimes you may not know if you’ve made the right choice.Should you choose a bond fund, equity fund, property fund or a money market cash [...]
Ever wondered what money market funds are and how they can help you make the most out of your money?Well, money market funds are fixed, short term investments in low risk holdings or securities. By law money market funds must invest in low risk mutual funds making them a good way for existing investors [...]
Investment in money market instruments is a common strategy that financial experts advice people who aim at building wealth to make use of.But then, thousands of people in different occupations other than commerce or business related careers might be interested in this kind of investment but lack the way forward.Surprisingly, even some renowned entrepreneurs [...]
A money market account (MMA) is a high interest savings account, which can be opened quickly and easily at almost any bank, like any regular savings account. MMA pays higher interest than a regular account, has higher minimum balance requirements, $1,000 to $2,500, and allows three to six withdrawals per month. The money deposited in [...]
Financial instruments found in the debt market include:1. Term Deposits2. Government bonds3. Treasury Bills (T-Bills)4. Money Market Funds5. Corporate Bonds and Debentures6. Domestic Bond Funds.In this article, we will only discuss the term deposits, government bonds, treasury bills and money market fund.1. Term DepositsTerm Deposits are qualifying instruments for tax shelter and will share [...]
Gold Certificates And Their Pros and ConsWhat are gold certificates? They are documents that prove you are the owner of gold which you do not personally hold. Normally, such certificates are issued by financial institutions from where you buy gold, and those fiscal establishments physically store the gold for you. At least that’s how [...]
