Comments on: Where Do YOU Stash Your Cash?

By: Lori

Lori — Mon, 24 Mar 2008 09:24:55 +0000

I’ve opened up a no fee checking account online that pays 6.01% APY. The bank is Charter Bank out of Sante Fe, New Mexico. The checking account is called Turbo Checking. There are 4 monthly requirements to get the outstanding APY but I do this anyway so why not get paid for it. There are no minimum balance or monthly service charges even if the 4 monthly requirements are met.
The monthly requirements are 1) you must make 10 debit card point-of-sale transactions 2) you must have one direct deposit or ACH auto debit, 3) you have to receive electronic statements, and 4) you have to access online banking at least once a month. If these requirements are not met then the APY is 0.25%. The only drawback that I can see is that you only get the 6.01 APY if your account is less than $25,000. Then the rate drops to 1.01%. I personally don’t keep this much in a checking account so it’s not a problem for me. The minimum opening deposit is $100.

By: Rick Cain

Rick Cain — Fri, 21 Mar 2008 19:42:28 +0000

McCain’s strong points are in foreign policy? The man didn’t even know the difference between a shia and a sunni arab, and he thought Iran funded Al Qaeda!

Iran secretly helped the USA in its invasion of Afghanistan because they hated Al Qaeda so much they were willing to swallow their pride and fund the Northern Alliance!

If McCain wins the november election, game over everybody, The USA becomes a failed state. I may have to move back to Europe.

By: firas khlaiwi

firas khlaiwi — Tue, 11 Mar 2008 02:40:14 +0000

give ore info

By: Mr. Logic

Mr. Logic — Mon, 03 Mar 2008 21:48:31 +0000

This post is exactly what you DO NOT want to do – Buy Euro’s????? That’s like going to the clothing store and seeing that shirt prices are higher than they have ever been and getting excited!! Or, buying dot.com companies at their all-time high!!!!

Furthermore, gold is NOT perfectly negatively correlated (-1) to the dollar, so if the dollar drops 50%, then Gold will not double – you really need to be more accurate in your posts so you don’t mislead some innocent people.

Can you be any more simple-minded and crowd-following? Please people go find some advice from a real professional and not just some website guy who knows search engine optimization!

By: Cashing Out CDs & Investing in Gold! at Best CD (Certificate of Deposit) Rates, Money Market Rates, High Interest Accounts

Sat, 01 Mar 2008 12:38:02 +0000

[...] As I mentioned a few weeks ago, I have been looking for recession-proof ways to invest my money. [...]

By: Peter

Peter — Fri, 29 Feb 2008 00:02:37 +0000

Ron is there anyway we could talk about the FXE more in depth?

By: Peter

Peter — Fri, 29 Feb 2008 00:01:47 +0000

What are the best investments to get into? Im a beginner & only have experience with online savings & CD’s. If anyone could help me more in depth I would really appreciate it. My email is cibilic@cox.net

By: ron

ron — Fri, 15 Feb 2008 22:47:31 +0000

Finally, I am researching the FXE (Euro Currency Shares Trust). What’s cool about the FXE is that it trades like a stock, but is pegged against the Euro. So as the Euro becomes a more powerful currency, shares of FXE increase in value. This is a great way for American people to invest in the Euro currency.

How do I short the euro agazinst the dollar?

By: Drake

Drake — Tue, 12 Feb 2008 17:44:51 +0000

You can TALK your way into a recession, but you have to WORK your way out! I refuse to participate in a recession.

By: Charles

Charles — Tue, 12 Feb 2008 15:20:25 +0000

What about TIPS? They are T Bills that are guaranteed to match inflation (but will not deflate below the original investment) I don’t see a down side here.

By: Dodger

Dodger — Sun, 03 Feb 2008 19:58:05 +0000

Buy gold……..

By: Roger

Roger — Sun, 03 Feb 2008 17:33:09 +0000

I have had a great year in 2007 accruing interest through bankaholic.com. SHORT TERM: I still am staying in MMA’s, safe, easy, and no need to worry. It may increase my gross income taxable, but still $$$$ in my pocket. LONG TERM: Eying my mutual funds are triggering my epilepsy! I will maintain my monthly investment deposits regardless of the market. This is called “dollar cost averaging”.

Screw carrying credit card balances too!

Just sharing that I am learning to be more money smart, not money dumb. I have made it pass that phase of my life.

By: mary

mary — Thu, 31 Jan 2008 13:19:21 +0000

The Fed rate cut is definitely a bad move for retired
folks living on fixed incomes. This means that our
income will drop signficantly, since a major portion
of our income is in CD’s, and we cannot take risks
with our savings.
Yes, this helps the irresponsible mortgage companies
and the folks that bought more than they could afford,
and leaves responsible people who save and live
responsibly out in the cold.
It’s no wonder that people don’t save anymore.
The Government does not support it.

By: maria

maria — Wed, 30 Jan 2008 02:20:49 +0000

McCain readily admits that his strong points are foriegn policy not economics.

By: Bill Hopkins

Bill Hopkins — Tue, 29 Jan 2008 02:38:31 +0000

OK.

By: Bill

Bill — Tue, 29 Jan 2008 02:35:38 +0000

Agree with Pallun. Vote for McCain to alleviate the problem.

By: Conrad

Conrad — Fri, 25 Jan 2008 20:38:08 +0000

very optimistic thinking lisa! i like the way u think

By: lisa

lisa — Thu, 24 Jan 2008 03:23:39 +0000

ok……..if your investing in your 401k and its for the “future” then roll with the punches. Everything cycles and comes back around. When it tanks, your contributions buy at a lower rate so…….do the math! Also, I just put some cash into a few cd’s at around 5% or better. I figured even if they’re short-term, I’m still 5% richer than I was yesterday!!!
Think positive

By: Conrad

Conrad — Thu, 24 Jan 2008 02:04:27 +0000

ahh dammit. i was going to sign up for the indymac 3 year cd last night, and today went i look at the page again, they dropped their rates!

By: Pallun

Pallun — Wed, 23 Jan 2008 23:29:20 +0000

While the Fed continues to give its support to equity investors, it also continues to give no support to savers. It’s no wonder that the individual U.S. savings rate is near zero – and still the market and political powers to be wonder why! Well, I for one, cannot continue to fool myself into believing anything other than that the Fed is concerned about nothing more than corporate greed and bailing out the ill advised investments of the banks & its cronies. For elderly savers trying to survive on fixed incomes, but with the ability to put some assests away in bank CD’s, The Fed’s move was another kick in their crotch. Still, and now, I would search for the best CD’s.