Quote Of The Week: It Takes 1,400 Years To Double Money in Money Market Accounts

“Based on the prevailing yields, it will take more than 1,400 years for an investment in a money market fund to double.”

Reshma Kapadia, SmartMoney magazine

Financial Tip:  With today’s ultra-low rates, it’s best to hold no more cash than what you truly require for emergency or short-term needs. You’re losing money on cash once taxes and inflation are factored in.

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!
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