How can I invest money in a money market a/c? At a bank or a fund manager?

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Invest 10K?

I have $10 to invest in.... I have considard many options. Does anyone have any tips on how to best invest this money. From buying and selling or opening a new buisness.... Anything legal
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How can I invest money in a money market a/c? At a bank or a fund manager?

I do not hear much about them in UK.
If the money is available on demand and if they offer more interest than a savings a/c I would certainly be interested.

heathr1424

You know there is a minimum amount you have to invest in money market funds. Probably at least 18,000 pounds or 10,000 US

OR1234

In the US, money market mutual funds are paying about 5%. This is more than banks are paying on what they call money market accounts. The funds are available on demand. There usually is a minimum initial deposit, but it's typically only a few hundred dollars. (Certainly not $10,000.) You would surely want to take advantage of what is offered in the UK, not what is in the US. Fidelity Investments is a large player, but there are many others. Their large MM fund here is called Cash Reserves. Here's Fidelity's UK page...

http://www.fidelity.co.uk

LOOK OUT!

Through your bank for example. Open a savings account and make sure it is a money market savings account. I know citi bank is a very good bank to open a money market account.

cmeduck

Money market huh. What, you don't like making a good return on your money? Here's a page for finding a good good mutual fund to invest in:
http://www.best-stock-trading-systems.com/mutual_fund_ratings.html

vegas_iwish

Until you move on from earning interest to growing capital neither any good. People earning interest guranteed to lose purchasing power after inflation & taxes. Never at a bank.

orvbun

In most instances, I'd begin by investing with a bank where I do my banking. Afterwards, I'd seek out a reputable financial planner, preferably through contacts who've been investing with him/her over a period of time. In any event, plan to invest a portion of your savings through the purchase of stocks and bonds.Investing for the future is more than just the making of money, in my opinion; it's an investment in your furture, an indicator of your maturation process.

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