Hey all,
First time in this sub, looking for some advice. I have my emergency fund sitting in a money market find getting about 5% right now. This is fine, but with the fed's rate cut coming up next week, I figure that interest rate is going to go down. I'd like to preserve getting the higher interest rate.
If I need to dip into this emergency fund, I won't need all of it for quite some time.
Are there any bond funds that would be a good buy before the rate cut to preserve the higher interest I'm currently getting on my emergency fund? What are some things to look for with bond mutual funds?
Submitted September 12, 2024 at 01:08AM by mrandr01d https://ift.tt/OzL7mK3
