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Republic TISP vs MONEY MARKET FUND

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di@n@
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Republic TISP vs MONEY MARKET FUND

Postby di@n@ » July 18th, 2020, 10:45 am

Need some advice which is better if you have an extra $1000 a month to invest

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maj. tom
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Re: Republic TISP vs MONEY MARKET FUND

Postby maj. tom » July 18th, 2020, 11:42 am

contact "Narend zorceman" for info on investments.
Just Google that name and call him.

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Re: Republic TISP vs MONEY MARKET FUND

Postby Country_Bookie » July 18th, 2020, 12:38 pm

Those are 2 separate products that are not comparative. Tax incentive savings plans should be used to invest your before tax income, as this helps you reduce the monthly taxes you pay. However it's a long term plan and you have to pay back those taxes to the govt if you break it before age 50.
A money market fund is a mutual fund invested in mostly short term assets and therefore is very liquid. Mutual funds are a good place to save your after tax funds. Most financial planners recommend having 3 months salary saved in cash for any emergencies you may encounter before you start making long term investments like stocks etc.

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Re: Republic TISP vs MONEY MARKET FUND

Postby redmanjp » July 18th, 2020, 1:45 pm

And that 3 months savings would have come in handy during lockdown

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