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Summary: Money market accounts can be liquidated, but make sure there is a secure financial plan before transferring funds. Find out more about money mark account liquidity with tips from a registered financial consultant in this free video on financial planning.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
"This is financial adviser, Patrick Munro, talking about money market account liquidity. It is important to know in the world of investing that some investments are not liquid, and other investments are liquid. And so, it is important to know that you have access to your money and if you want access to your money the best account to do so is in money market account. Especially if you place the money with a financial institution you can go back the very next moment and get it again. There is no term of investment that is required of your money. Therefore it is completely liquid. It can move around at any opportunity to take advantage of whatever opportunity you have coming forward. Liquidity is an important issue in any financial plan because many financial investments require you to tie up your money, and lock it up for a period of an investable term. So, it is always important to have a liquidity portion to your portfolio, and the best way to achieve that is through money market accounts. This is Patrick Munro talking about liquidity of money market accounts."
eHow Article: Money Market Account Liquidity