News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

If you need the cash in a few years, it's safer in a high-yield savings account

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.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 729. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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 ❤️❤️❤️
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

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!
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »