How to make money in 2010
- Surviving the upcoming year ahead of time
Signs to watch:
If the dollar weakens substantially, the cost of imports will rise -- and so will inflation. "That could spur the Fed to raise rates sooner, in bigger leaps", says Greg McBrideThe action plan for savers:
In 2010, the more liquid you keep your money, the better.
Your best bet:
FDIC-insured bank savings and money-market deposit accounts, as well as CDs that mature in six months or less. Money-market mutual funds offer as much liquidity (more, in fact, compared with CDs), but pay far less - a bad deal.*Source - From the editors of: Money Magazine
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