Question:
I have about 2,000 dollars that I do not need right now. I want to put it somewheres other than a savings account. Its in a money market account right now. I really do not want to have to pay brokerage fees or anything like that. I also know little about the stock market.
Answer:
put the money in a COD account, or certificate of deposit. it will earn lots of interest much more than a regular savings account
you could donate it to me! i wouldn't mind the charity one bit!
Money market is good if you want easy access to it. Try Presidential Savings, 5.12%. That's where my emergency fund is.
Put it in COVERED CALLS - First LEARN about them
Put the money in CD for a few months until you can do some research and decide what to do with it.
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