08-01-2006, 03:49 PM
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 Re: Money Market Funds akhan[at]att.net wrote: - quote - > Can someone recommend a good Money Market Fund (Tax-Exempt) which earns
I must be reading this wrong. You want to invest between $5000 and> a decent %, I am looking to invest 5-8K to make a monthly payment of a > personal loan, my loan payment is $425.00 per month. $8000 and get $425 in interest PER MONTH? That's $5100 in interest per year which is between 63.75% and 102%, depending on how much you actually invest. Oh, and you want it to be tax exempt, too. Unfortunately, no, I cannot recommend such a fund, as it doesn't exist. An average (taxable) money market is returning about 5% right now. Tax-exempt funds are averaging about 3% (state and federal tax-exempt) to 3.5% (federal tax-exempt only). --Bill |
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#-1
08-01-2006, 01:59 PM
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| Money Market Funds Hello, Can someone recommend a good Money Market Fund (Tax-Exempt) which earns a decent %, I am looking to invest 5-8K to make a monthly payment of a personal loan, my loan payment is $425.00 per month. Thanks, Abid |
| Tags |
| funds, market, money |
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