We are an immediate loan specialist in Solon, and we are quicker and more advantageous than run of the mill retail facade banks since we're based on the web and are open constantly. No compelling reason to sit tight for "ordinary business hours" or invest energy flying out to the store — our short application can be finished in not more than minutes. You can even apply from a cell phone while you're in a hurry!
We can loan up to $500 to Solon occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
Federal Tax-free Munis only make sense for someone who CANNOT make additional monies without being subject to the highest current Income tax rates....you are finding yourself "attracted" to tax-free investments because you do not (apparently) understand what they are and why... The S&P 500 fund will FAR outperform any Muni over the next 20-years....if you had $10,000 to invest right this second, would you rather have $33,936 tax-free (at the highest available rate today of 6.3%, which WON'T stay that high for 20 years!), or between $67,275 and $96,463 on which you would likely pay 10-15% in taxes? Even if the effective tax rate is 50% in 20 years, you'd STILL have more money!
SP500, hands down. Although I would suggest that an even broader exposure is better for the long term: an ETF like ohio or Vanguard Total Stock Market Index Fund Investor Shares (60%) and Vanguard Total International Stock Index Fund (40%).
Money-Market account are extremely low-risk accounts that function in a manner very similar to savings accounts - with the primary difference being that money-market accounts carry a higher interest rate because they are *slightly* riskier and *slightly* less liquid...but really, these are very safe. Mutual funds are a collection of either debt or equity instruments (stocks and bonds) and therefore have a much higher risk than a money-market account, so while you have a larger potential gain you could also lose some of your money. A third option to consider are CDs, which carry higher interest rates than savings accounts, zero risk, but have low liquidity. For example, on a 1-yr CD you are guaranteed the same interest rate for 12-months, but you can not access your cash if you need it (not without paying a penalty). You need to consider how much income you would like to make and how much risk you are willing to tolerate.
Apples & oranges. There is no comparison. Each would be used by an investor for two completely different reasons. Read: Mutual Funds For Dummies After you read this book... you'll be closer to making an educated decision.