Basics of Investing

Archive for October, 2007

Question: should i put my stimulus check in my money market account?

i draw disability and i am expecting a $250 stimulus check. should i put this money in my money market account for investment in the stock market?

Answer: That depends – do you have a good stock you could buy for $250? And don’t tell me 100 shares of Citigroup! If you will need the money for an expense in the next year, then the MM account is the right place.

Basic Stock Market Concepts – Investing 101