Tips To Insulate Your Portfolio from Shocks


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Tips To Insulate Your Portfolio from Shocks
Savings accounts allow you to keep your money in a safe place while it earns a small amount of interest each month. Savings accounts are among the most insulated places to store money, but like money market funds, they can lose out to inflation. When you put your money into a savings account, it earns interest. Interest is money the bank pays you so that they can use your money to fund loans for other people. In order to have a safe financial future you should save at least three to six months' worth of expenses in a savings account that will protect you any risk.