For the average person, the thought of short term investing doesn’t appear to be a viable option. Most people think first of the typical savings account, or maybe even a 401K, but those are not the only options. Savings accounts no longer have an attractive interest rate, and a 401K is intended for retirement, and as such, can only be withdrawn under certain extenuating circumstances that are defined by government regulations. Besides, 401K is not considered a short-term investment, and that is what is being identified here.
Anyone who has some money to save should consider some of the short-term investment options instead of a typical low-interest savings account. Perhaps you are familiar with some of these such as CD’s, T-bills and money market funds, but there are other short-term investments as well such as zero coupon bonds from the U.S. Treasury, short-intermediate bond funds, and floating rate funds. Read More>>
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