Are money funds a stable investment?

[Starmix]

The answer is yes, money funds are considered the most stable investments. They are less prone to fluctuations. Money funds are also more liquid than other investments with similar returns. They can allow you to buy or withdraw other investments quickly. Are you a money fund investor? What can you share?

 

[flower]

I would like you to explain more on what you meant by money fund because I've not heard of this before.

 

[Suba]

What do you mean by money funds is the money market, or money market funds in mutual fund products, please explain.

 

[Shavkat]

I agree with you. We can consider depositing some dollar bills for a dollar account and it needs to be a time deposit form, too. I think it is a good idea for me.

 

[Bisolami]

I agree with you. We can consider depositing some dollar bills for a dollar account and it needs to be a time deposit form, too. I think it is a good idea for me.

I mostly dave my money in dollar now. The rate of naira is very low so I prefer to save in dollar and withdraw when I need my money.

 

[cherry123]

Yes if you have money to invest in a business that will bring you steady income then you would have gotten a steady money generating income that will help you give you stability

 

[Starmix]

You are so right, that is why it is necessary for us to save and when the saving is good enough to invest to money funds. There is a guarantee to have something to wait for during the golden years of our lives.

 

[Bisolami]

Yes if you have money to invest in a business that will bring you steady income then you would have gotten a steady money generating income that will help you give you stability

This is why some people invest in banks because they need to make more money instead if saving it and it will not yield more money

 

[cherry123]

Yeah if you have the funds for investment you go ahead to invest it. I prefer investment to saving the money but the problem we do have is that we don't know the genuine investment online

 

[Starmix]

There is risk in doing business online like mutual funds or money funds. We do not know the real intention of the operator if it's operation is fake or legit. Better transact money funds offline.

 

[cherry123]

That's always the point I make all the time. it is better to transact business offline especially when it comes to investment than doing it online to faceless operators you don't know their intentions

 

[Bisolami]

Yeah if you have the funds for investment you go ahead to invest it. I prefer investment to saving the money but the problem we do have is that we don't know the genuine investment online

Well, no matter how profitable investment is, some people still prefer to save. Some people have been scammed to the point of not trusting any site anymore.

 

[Starmix]

That's always the point I make all the time. it is better to transact business offline especially when it comes to investment than doing it online to faceless operators you don't know their intentions

That is correct, we need a legit business transaction done face-to-face. We can sense well the kind of personality the person has. There are also witnesses to attest to what is being dealt about.

 

[astutimeliana723]

The answer is yes, money funds are considered the most stable investments. They are less prone to fluctuations. Money funds are also more liquid than other investments with similar returns. They can allow you to buy or withdraw other investments quickly. Are you a money fund investor? What can you share?

Yes, you're right, many people prefer to keep their money in the bank, apart from getting the benefit of interest, they also feel safe that if at any time they need fast funds, they can take it right away.

 

[cherry123]

Sure you just have to do your research and know the best place to store your money that will help you with your future investment because it is very important.

 

[Bisolami]

That is correct, we need a legit business transaction done face-to-face. We can sense well the kind of personality the person has. There are also witnesses to attest to what is being dealt about.

I will rather not do an online peer to peer trade with someone that I don't know physically to avoid problems.

 

[Starmix]

Yes, you're right, many people prefer to keep their money in the bank, apart from getting the benefit of interest, they also feel safe that if at any time they need fast funds, they can take it right away.

That is very well said, it is safer to save money in the bank than somewhere else. Also, during an emergency when there is a need to join a panic buying, we can easily withdraw our money from the bank safely.

 

[Bisolami]

That is very well said, it is safer to save money in the bank than somewhere else. Also, during an emergency when there is a need to join a panic buying, we can easily withdraw our money from the bank safely.

I am glad you got my point but it is still very good to invest in cryptocurrency but we should not save too much of our money on one exchange

 

[Starmix]

@Bisolami that's it but I also like to invest in crypto but I don't have a crypto account yet. Hoping I can create an account but how? I'm still searching how to create a crypto wallet.About Money Funds it's also good to invest on this. It has low risks.

 

[Bisolami]

@Bisolami that's it but I also like to invest in crypto but I don't have a crypto account yet. Hoping I can create an account but how? I'm still searching how to create a crypto wallet.About Money Funds it's also good to invest on this. It has low risks.

It has no risk but I only trade cryptocurrency and I do not invest because I am not very good when it comes to investment