Need to know the best place to invest $94000 in money market?

Answer 1

Forget money market. Go to morningstar.com and find a mutual fund or three if you want to really diversify. If you are mainly concerned with risk, you could buy 2 regular funds and 1 hedge fund, which will profit from a downturn in the market.

Mutual funds usually make way more than the money market. Just make sure you pick out good ones.

Answer 2

Why a money market? Do you need the money available to you at all times. Money markets are offering the lowest interest rates out there right now. A 3, 6, 9, CD would be better for short term savings. Credit Unions typically offer the highest interest rates. If you don't belong to one, the $5 to open an account is worth the extra interest they offer. If this money is for your retirement, or you don't need to access more than 10% a year, I'd suggest a Fixed Annuity. Not through the bank or broker, through an insurance co themselves. Safe, and good interest rate that is tax deferred.

Answer 3

If by "best" you mean highest yield, this is something you can easily research in the financial press. I would suggest that you consider the money market funds of the Vanguard Group, which operate with very low expenses to their investors (and thereby produce typically higher returns), along with excellent customer service and an outstanding reputation for reliability. [I do not work for Vanguard, but I have been a satisfied customer for many years.] They offer a variety of money market funds, all at attractive rates.

Answer 4

It's not clear what you're seeking to do with this money. Are you looking for a high risk/high return project or something safer? Is this money you can lose (then try Forex, like the dummy above suggested)? You need to be more specific before anyone can really answer your question.

Answer 5

You may invest into your education and then trade yourself in forex.
If you don't want to trade yourself then e-mail me to [e-mail] and I provide you with some information