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 [...]
