Sentences with phrase «recommend liquid funds»
Financial advisors universally recommend liquid funds equivalent to three to six months of your income in case of a financial emergency, such as losing your job or unexpected medical bills.
https://www.debt.org/ Not exact matches
Meantime can you please recommend me suitable Short term liquid investment plan / instrument for 6 months to 1 years other than Fixed deposits, in which I can park these funds and earn higher interest than FDs and at the same time should not have entry or exit loads or Tax liability.
Because an emergency fund is supposed to be easily accessible and liquid, the recommended vehicle for it is usually a savings account.
This is why Tresidder and other experts recommend keeping three to six months of cash in a liquid, easy - to - access emergency fund.
I want an alternate to FD / Savings Account — I'm looking at a window of 1 year — Please recommend a suitable Liquid / MIP fund & the related tax implications.
With reference to Short term parking of fund for span of 3 -6 months: a. Can you please recommend whether I should go for Liquid or Ultra Short term debt fund.
These funds can be in addition to any existing emergency funds you may already have in place; investment company Fidelity recommends that if you invest this money, keep it invested liquid, like in a money market account, or in a CD, liquid after a short period of time.