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Patrick
@
2012 Jun 4, 3:19pm
Patrick
@
2012 Jun 4, 3:19pm
Pay off debt. The interest savings are tax free! But if you have that much savings lying around, you probably don't have significant debt.
Money market funds are NOT safe:
http://finance.yahoo.com/news/could-money-market-funds-break-070132073.html
They can lose value, and did. CDs are safer.
Another option is to try to pay your rent several months in advance for a discount. If you can get even a 1% discount for paying 3 months up front, that's actually a great return annually. Though you give up the flexibility of withholding rent if the landlord won't repair something.
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Where would you 'park' 50k for 2 months?
It is sitting in a money market account earning zero. I am wondering is there a low-risk parking place with a modest return?
or should I just leave it as it is?
#investing