Press Release:
5-13-2010 - Open a Free Checking Account has just released their top investing guide to the general public. We try to provide the average consumer practical information for gaining the most return on their investment, says Jeremy Thomson, owner of OAFCA. We cover a wide variety of investment products such as money market accounts and short term investments. What the average investor doesnt realize is that there is a right and a wrong way to invest.
Covered in the guide is how to seek out the highest money market rates. When people express their longing for the highest money market rates, its hard to tell if they are talking about APY (annual percentage yield) of money market funds, or about APY of money market accounts. These two investment channels money market funds (MMFs) and money market accounts (MMAs) both depend on the outcome of transactions taking place in the money market, but they are entirely different things.
To understand the differences between the two, and to have an idea as to which of them is referred to in the investing publics desire for highest money market rates, its good to review money market fundamentals.
In the broadest arena theres the financial market, the economic mechanism which brings people together so that they can trade buy and sell in what they call commodities and financial securities. Commodities are precious goods from gold and silver to wheat and dairy, while financial securities consist of things you often hear from business news on TV: stocks and bonds.
We also cover in the report the best and safest short term investments, says Jeremy. One of the safest ways to grow your money is through low risk investments. These financial instruments include money market accounts, treasury bills (T-bills), and certificates of deposit (CDs). As people get older, they want to take less risk and not chance loosing their money. These investments fit the criteria.
If you are someone wanting to invest in a CD, go to your local bank or check online.
While investing in the money market is a safe investment with the high yield money market accounts, there are also many other investments you should look at, says Jeremy. What we try to do in maximize your investment while minimizing risk.
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