In this video, I look at one of the best places to park your cash in 2024. Money market funds provide investors a way to always access a low risk rate of return close to the central bank rate. There's no need to get ripped off by a bank savings account.
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Timestamps:
00:00 Parking Your Cash in 2024
02:29 What is a Money Market Fund?
05:34 Trading 212 5.2% QMMFs
07:24 Example 1 - Royal London
08:48 Example 2 - MMF ETFs
09:49 Pros & Cons of MMFs
11:38 Outro
Disclaimer: When investing, your capital is at risk. Investments can fall and rise, and you may get back less than you invested. Past performance is no guarantee of future results. Other fees may apply. I am not a financial advisor, and this information does not represent financial advice.
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