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katmagick
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katmagick asked 4 months ago in Saving

Where is the best place to put your money right now?

I am leaning away from stocks and would like alternatives for saving money

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Yale
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Yale responded 4 months ago

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Hi Katmagick,

It all depends on what your specific situation is and your risk tolerance. You can always put money into a savings or checking account- and get very little interest on your deposits. Same thing holds true with money market accounts or any kind of treasury note, cd, or savings bond. You can place money in an online bank like Evergree and get higher yields on foreign deposits- countries like Canada, Brazil, England, etc will earn you a higher yield as a way to hedge against a continued dollar decline. Other areas might be commodity funds, gold, real estate. I hope this helped. Yale Bock, CFA

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katmagick
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Yes, thank you!

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Evolution Of Wealth
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[This should be fun] Have you looked into properly fund, stress properly funded, cash value mutually owned whole life insurance?

http://evolutionofwealth.com

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