A financial planner says there's a 'huge opportunity' to build wealth during a recession, but there's still one reason to consider moving your money out of the market

The stock market is not the best place to keep money for short-term goals if you're worried about a recession, says Lauren Anastasio, a financial planner at SoFi. If you have investments you'll need to cash out in the next two to four years to fund a short-term goal, it may be a good time to move the money into a high-yield savings account. A high-yield savings account can keep that money completely safe, accessible, and even help it steadily grow.

The stock market is not the best place to keep money for short-term goals if you're worried about a recession, says Lauren Anastasio, a financial planner at SoFi. If you have investments you'll need to cash out in the next two to four years to fund a short-term goal, it may be a good time to move the money into a high-yield savings account. A high-yield savings account can keep that money completely safe, accessible, and even help it steadily grow.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

I retired a millionaire at 30, and if you ask me, the key to building wealth quickly is something even personal finance experts missPeople overlook the power of increasing income to build wealth, says an early retiree named Grant Sabatier in his new book, 'Financial Freedom.' I was 43.... to me, the secret is a huge passion to change the world ❤️❤️❤️
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

The European Space Agency says it had to dodge a SpaceX satellite because the company wouldn't move it out of the way. A software bug may be to blame.Satellite collision warnings are rare but not unprecedented, and there's no official rule book about who has to move their spacecraft first. Is there a space right of way? We should probably get that figured out Dang Tesla self drive broke again. My bad!
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »