If i have a savings of 20,000 dollars, how much of that would it be wise to invest in a mutual fund and how much should I keep liquid?

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Posted by Griffin Jennings (MONEY FORUMS: 4, Answers: 0)
Asked on May 6, 2016 3:28 pm
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Hi Griffin, great question. This really depends on the purpose of the money – what goal or goals the money is earmarked for. Any portion that is part of your emergency fund should stay in a savings account or an equally liquid, safe, and readily available account. Once those funds are earmarked consider the timeframe of goals you would be allocating funds towards, avoid mutual funds or other variable accounts unless the goals are at least a few years away.

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Posted by Peter Neeves (MONEY FORUMS: 1, Answers: 59)
Answered: June 4, 2016 9:57 am