Quote:
Originally Posted by scho63
This is terrible money management unless your like 65 years old.
If you are under 40, you should find a financial advisor.
You're flushing money down the toilet.
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I took this to be his emergency fund or whatever.
Up until interest rates moved for the first time in 2 decades I had it in a local bank money market too.
If his intention is to invest it, he should. If his intention is to find a better yielding money market, he can do that without a financial advisor.