- In today's financial world, understanding the myriad of ways to protect and grow your wealth is very important. Let's take a look at some instruments which is great for protecting money you already have. Savings is an excellent way to let your current money be reinvested in small businesses that grow the economy. For those who have substantial cash that they would like to protect, Money Market Accounts can be a great type of savings account to put your money to work for the economy. Also, for the more advanced investor who can handle more risk, a Money Market Fund is an excellent way to invest your money short term through a brokerage firm. Both of these instruments will usually generate a much higher yield than a vanilla savings account, however allow you access to your money through a much shorter window than many other investment types. For those wealth protectors who would like to see their money grow without having to face steep penalties for using it down the road, these classes of investment serve as great options to meet your needs of flexibility, great returns, and security.
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