5 Best Short-Term Investments Right Now: 2024
Inflation, volatile financial markets and recession fears can make now feel like the wrong time to invest. At the same time, the risk of hoarding cash is also high: Those dollars under the mattress don’t keep pace with inflation, buying less and less over time.
A short-term investing or savings account is an easily accessible place to park money for near-term goals while also earning some interest.
What are short-term investments?
A short-term investment is an investment that you can easily convert to cash, such as a high-yield savings or money market account. This is money you might need sooner rather than later.
If you’re investing in the stock market, it’s generally considered a good idea to plan to keep your money invested for at…
