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Put the money you save to work The first thing you'll want to do with your savings is to build an emergency fund with roughly three to six months of living expenses in it. It can be in a bank account, CD, or money market fund. More activeinvestors can pick their own stocks and/or bonds.
Image source: The Motley Fool/Upsplash As both a financial writer and a Certified Financial Planner™, I'm very familiar with all of the various types of bank accounts and other interest-bearing instruments Americans can use to store their cash. However, one of the most common questions I'm asked is what I do with my own money.
I just decided to put my economics degree to good use and I stepped out and I got a job at Bank of America as a loan officer. During that time, I left my job with the bank and I got a job with the State Department working at the embassies there. Bank of America is an advertising partner of The Ascent, a Motley Fool company.
But I covered derivatives at first, and then I cover mutualfunds. I worked for a (inaudible) called Fund Action and did that for a little while, and then went — I met a guy named Duff Ferguson at AllianceBernstein. They’d be the biggest activemutualfund to shop times over. RITHOLTZ: It’s ….
The products are primarily low risk money market funds and, to a lesser extent, fixed-income mutualfunds. You know, we're very activeinvestors across the game industry. And, you know, in terms of whether our big games are ex-growth, you know, we clearly don't think that's the case.
The mutualfund business is all about sales and investing. And the way the mutualfund industry is set up, the administration of the funds and the management of the investments are two different creatures. This is plain vanilla on some money market fund. RITHOLTZ: Right. ELLIS: I don’t have to do it.
Early Friday, Jamie Chrisholm of MarketWatch reports stocks are rallying, but investors say they’re miserable and that’s a good thing: Futures on Friday suggest the S&P 500 may pop its head through the 4,200 level again, looking to decisively break above the 400-point trading range in which it has twitched for nearly seven months.
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