Re: Emergency Fund: Why Money Market??
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The financial advisors who gave a seminar at my college this weekend said the same thing.
Why not keep emergency funds in a high-yield savings account, rather than one which "seeks to maintain a stable share price"? Or even a checking account, which is at least FDIC insured?
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Vanguard has pretty good rates on their money market accounts, usually higher than all those high-yield savings accounts. And they're not promo rates or anything. I can sleep at night knowing it'll be $1/share tomorrow.
I think having the fund is far more important than what you have it in. MMA/CD/savings, who cares.
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