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by Carmen Petote Certified Financial Planner Allegiance Financial Advisors, Inc.
The money market is clearly the best and safest place for "mad" money. Everything has a negative, and the obvious one here is that the return, although guaranteed if in a bank, is likely to be less than with other investments. (If the money market is outside of a bank, the FDIC likely does not cover it.) However, if immediate access is important and the time frame is potentially short term, I would stick with the money market. Good luck! Carmen
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