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Should I invest in mutual funds or put money in a savings account if I'm going to need the money in 1.5 years from now?
Wiki User
∙ 14y ago
A savings account could represent a good investment based on the time period - many accounts are offering introductory for 12 months to ring savers in so you could benefit from high interest rates. They also offer easy access so you won't incur any withdrawal penalties. If you do choose a savings account, consider switching the account, once the introductory bonus offer has expired, to a new account with a new bonus to continue enjoying the higher rates of interest. On other hand, a mutual fund can be a good investment because it gives you access to a range of equities and securities that aren't usual available to private investors. I'd suggest comparing various funds and accounts before deciding which route to take - sites like www.fairinvestment.co.uk and www.moneyfacts.co.uk could be useful.
Wiki User
∙ 14y ago
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Are mutual funds able to be held in a registered retirement savings plan?
A registered retirement account can invest in stocks, bonds and mutual funds.
Where is the best place to have a mutual savings account?
A mutual savings and loan is the best place to have a savings account. There are plenty of good and reputable savings and loan banks out there. You can just look for them.
How does the risk of a money market mutual fund compare with that of a savings account?
The risk of a money market mutual fund is similar to that of a savings account. Both are low-risk, slow-growth savings vehicles. Money market funds are viewed as a cash equivalent, similar to a savings account.
Can banks invest in mutual funds?
They can invest their own income/profits in a mutual fund but they cannot invest the depositors money in a mutual fund
Mutual savings institutions are owned by whom?
Mutual savings institutions are owned by its members.
Are mutual funds able to be held in a registered retirement savings plan?
A registered retirement account can invest in stocks, bonds and mutual funds.
Where is the best place to have a mutual savings account?
A mutual savings and loan is the best place to have a savings account. There are plenty of good and reputable savings and loan banks out there. You can just look for them.
How does the risk of a money market mutual fund compare with that of a savings account?
The risk of a money market mutual fund is similar to that of a savings account. Both are low-risk, slow-growth savings vehicles. Money market funds are viewed as a cash equivalent, similar to a savings account.
Mutual Fund vs Savings Account?
Return rates on mutual funds are traditionally much higher than those on a savings account. Users are however taking more of a risk with mutual funds. The amount of risk can be measured by a number of things - including volatility.
Which form of investment has the most amount of risk involved savings account or checking account or mutual fund?
Out of the three options, a mutual fund has the most amount of risk involved. While a savings account and checking account typically have very low risk, mutual funds are subject to market fluctuations and can experience losses. The level of risk in a mutual fund depends on the types of assets it holds, such as stocks or bonds.
How should I learn how to invest in mutual funds?
You can lean about how to invest in mutual funds on the following website: http://www.sec.gov/investor/pubs/inwsmf.htm. They have great tips.
How should one invest in debt or equity oriented schemes in mutual fund?
You have to take into your account the risk taking capacity,age factor,financial position etc.The scheme invest in different types of securities as disclosed in offer documents.Reliance mutual fund has some very good schemes which invest in debt instruments as well as equity.
Can banks invest in mutual funds?
They can invest their own income/profits in a mutual fund but they cannot invest the depositors money in a mutual fund
What services does the Chelsea Groton Savings Bank provide?
The Chelsea Groton Savings Bank is a mutual bank. They provide all the services that a regular bank provide, such as savings account, chequing account, mortgages and more.
How much is an account at beneficial savings bank?
To have an account at Beneficial Mutual Savings Bank you need to deposit at least$50. The interest is compounded daily. It has the best rates also. Good place to have an account.
When was Mutual Savings Life created?
Mutual Savings Life was created in 1927.
What is mutual funds in the industry of finance.?
Mutual funds are monies put into an account similar to a savings account. However, you must leave the monies in the fund for a certain period of time for you to make any interest money on it.
