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Reply to "Where to put emergency fund money?"
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[quote=Anonymous][quote=Anonymous]Mutual funds allow for relatively quick access and historically have a better return than money market accounts and CDs. Of course when the emergency happens, your money may not be worth as much as it used to be. If you anticipate emergencies happening then you probably want to stay away from a mutual fund. If your emergency fund is 6 months of living expenses that you are only going to tap into if you lose your job, you can probably invest it into a mutual fund, withdraw it when you lose your job and then budget from there when you know exactly what you have.[/quote] VMFXX is a federal money market fund. While not FDIC insured, it is 83% invested in US treasury bills and US government obligations and would not fluctuate in value even in another Great Recession.[/quote]
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