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The Water Cooler
General Discussion
Thoughts on 'the market' and retirement fund, election, etc.?
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<blockquote data-quote="SlugSlinger" data-source="post: 3401524" data-attributes="member: 7248"><p>Yeah, the thing with these accounts is they are effectively losing money due to inflation. However, for funds that could be needed immediately, they are better than a checking or regular savings account and they are better than dealing with the risk of short term investments in the stock market from the liquidity aspect.</p><p></p><p>This is a good place to hold the emergency funds that Dave speaks about in his videos. But it is not a good place for long term investments. Long term is > than five years.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3401524, member: 7248"] Yeah, the thing with these accounts is they are effectively losing money due to inflation. However, for funds that could be needed immediately, they are better than a checking or regular savings account and they are better than dealing with the risk of short term investments in the stock market from the liquidity aspect. This is a good place to hold the emergency funds that Dave speaks about in his videos. But it is not a good place for long term investments. Long term is > than five years. [/QUOTE]
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The Water Cooler
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Thoughts on 'the market' and retirement fund, election, etc.?
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