With turmoil in the banking system and a possible recession looming, there is no shortage of big-picture economic worries for investors. However, it's important to remember that investing is a long-term game, and the key to success is patience and smart decision-making.
If you've been able to save $100,000, you've got a solid head start on building your net worth—but it's hardly enough to cover all your financial needs. Whether you're looking to save for retirement, a down payment on a house, or a child's education, investing your money wisely can help you achieve your goals.
If you're looking to invest money for the short term, you're probably searching for a safe place to put your cash so it's there when you need it. One option is a high-yield savings account, which offers higher interest rates than traditional savings accounts. Another option is a money market fund, which invests in short-term, low-risk securities.