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Long term, index funds. Short term, money market (or high-yield savings accounts that do the money market stuff for you).

• SketchySeaBeast 6y ago
  The money market is high risk, right? And looking at the high yield savings accounts - based upon a quick google the best option if you're American seems to be 1%?
  • Armisael16 6y ago
    Money markets are extremely low risk. In the 37 years before 2008 only three money market funds had ever failed to return the full investment (“broke the buck”). You may be thinking of forex trading.
    • SketchySeaBeast 6y ago
      > You may be thinking of forex trading. Yeah, that would be it.
  • svachalek 6y ago
    Money market is very low (but not zero) risk which is why it’s suitable for short term savings. And yeah, 1% is about the best rate you’ll find, subject to change at any moment.