The recent economic slump has really affected the interest rates I’m earning on my investments. For example, I’ve watched the 7-day yield on a money market fund I belong to drop steadily from 5.23% to 3.76% in just a few months, taking me from a decent ROI (considering the low-risk nature of the investment) to a very average one.
So now I’m thinking that it might be time to move my money into something that isn’t necessarily at the mercy of the economy in general. I’ve talked extensively in the past about investing in gold or silver bullion, but haven’t actually taken any action yet.
I’m tired of my investments not yielding a significant return, so I’m going to check out the different options that MDC offers. Hopefully, I can get my money transferred over soon to preserve its value against the current downturn.