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bubba99.
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January 4, 2008 at 11:03 AM #129449January 4, 2008 at 12:55 PM #129241
Arty
ParticipantI actually have few personal questions, that need someone’s opinions. Don’t worry, I just need a few brains to help me think this through. Let’s say I have cash out last July. Now the cash is sitting in Wells trade none-FDIC insured money market account. First, should I be worried about Wells Trade Money Market? Its interest is okay at 4.75% I think. If I move to FDIC insured account, it will drop to about 1.15%. Second, I can also move the money all away from the trading account and get a CD. However, if I want to trade fast, I have re-do all the works. I want to buy some stocks but I am too risk adverse….any suggestion…?
January 4, 2008 at 12:55 PM #129483ParticipantI actually have few personal questions, that need someone’s opinions. Don’t worry, I just need a few brains to help me think this through. Let’s say I have cash out last July. Now the cash is sitting in Wells trade none-FDIC insured money market account. First, should I be worried about Wells Trade Money Market? Its interest is okay at 4.75% I think. If I move to FDIC insured account, it will drop to about 1.15%. Second, I can also move the money all away from the trading account and get a CD. However, if I want to trade fast, I have re-do all the works. I want to buy some stocks but I am too risk adverse….any suggestion…?
January 4, 2008 at 12:55 PM #129515ParticipantI actually have few personal questions, that need someone’s opinions. Don’t worry, I just need a few brains to help me think this through. Let’s say I have cash out last July. Now the cash is sitting in Wells trade none-FDIC insured money market account. First, should I be worried about Wells Trade Money Market? Its interest is okay at 4.75% I think. If I move to FDIC insured account, it will drop to about 1.15%. Second, I can also move the money all away from the trading account and get a CD. However, if I want to trade fast, I have re-do all the works. I want to buy some stocks but I am too risk adverse….any suggestion…?
January 4, 2008 at 12:55 PM #129409ParticipantI actually have few personal questions, that need someone’s opinions. Don’t worry, I just need a few brains to help me think this through. Let’s say I have cash out last July. Now the cash is sitting in Wells trade none-FDIC insured money market account. First, should I be worried about Wells Trade Money Market? Its interest is okay at 4.75% I think. If I move to FDIC insured account, it will drop to about 1.15%. Second, I can also move the money all away from the trading account and get a CD. However, if I want to trade fast, I have re-do all the works. I want to buy some stocks but I am too risk adverse….any suggestion…?
January 4, 2008 at 12:55 PM #129416ParticipantI actually have few personal questions, that need someone’s opinions. Don’t worry, I just need a few brains to help me think this through. Let’s say I have cash out last July. Now the cash is sitting in Wells trade none-FDIC insured money market account. First, should I be worried about Wells Trade Money Market? Its interest is okay at 4.75% I think. If I move to FDIC insured account, it will drop to about 1.15%. Second, I can also move the money all away from the trading account and get a CD. However, if I want to trade fast, I have re-do all the works. I want to buy some stocks but I am too risk adverse….any suggestion…?
January 4, 2008 at 1:02 PM #129421
CoronitaParticipantArty, if you care about FDIC insurance… What you can do is create an EmigrantDirect.com savings account. Current rate is 4.65% and it's fdic insured. You electronically link that account to your wells fargo checking or savings. Then you can move money in and out as much as you need.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 4, 2008 at 1:02 PM #129519CoronitaParticipantArty, if you care about FDIC insurance… What you can do is create an EmigrantDirect.com savings account. Current rate is 4.65% and it's fdic insured. You electronically link that account to your wells fargo checking or savings. Then you can move money in and out as much as you need.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 4, 2008 at 1:02 PM #129415CoronitaParticipantArty, if you care about FDIC insurance… What you can do is create an EmigrantDirect.com savings account. Current rate is 4.65% and it's fdic insured. You electronically link that account to your wells fargo checking or savings. Then you can move money in and out as much as you need.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 4, 2008 at 1:02 PM #129246CoronitaParticipantArty, if you care about FDIC insurance… What you can do is create an EmigrantDirect.com savings account. Current rate is 4.65% and it's fdic insured. You electronically link that account to your wells fargo checking or savings. Then you can move money in and out as much as you need.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 4, 2008 at 1:02 PM #129488CoronitaParticipantArty, if you care about FDIC insurance… What you can do is create an EmigrantDirect.com savings account. Current rate is 4.65% and it's fdic insured. You electronically link that account to your wells fargo checking or savings. Then you can move money in and out as much as you need.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
January 4, 2008 at 1:08 PM #129498sdnerd
ParticipantIf you shop around, you can find respectable FDIC insured checking/savings rates.
Countrywide has a 5.25% one right now, ING Direct and Presidential both have okay rates as well. You can get ~6% for 6 month CDs if you look hard enough.
Wells Fargo has terrible rates; just keep a free checking account with them for ATM and bank access.
January 4, 2008 at 1:08 PM #129529ParticipantIf you shop around, you can find respectable FDIC insured checking/savings rates.
Countrywide has a 5.25% one right now, ING Direct and Presidential both have okay rates as well. You can get ~6% for 6 month CDs if you look hard enough.
Wells Fargo has terrible rates; just keep a free checking account with them for ATM and bank access.
January 4, 2008 at 1:08 PM #129431ParticipantIf you shop around, you can find respectable FDIC insured checking/savings rates.
Countrywide has a 5.25% one right now, ING Direct and Presidential both have okay rates as well. You can get ~6% for 6 month CDs if you look hard enough.
Wells Fargo has terrible rates; just keep a free checking account with them for ATM and bank access.
January 4, 2008 at 1:08 PM #129256ParticipantIf you shop around, you can find respectable FDIC insured checking/savings rates.
Countrywide has a 5.25% one right now, ING Direct and Presidential both have okay rates as well. You can get ~6% for 6 month CDs if you look hard enough.
Wells Fargo has terrible rates; just keep a free checking account with them for ATM and bank access.
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