Any investors here..?

Discussion in 'Community Discussion' started by Jdm_rsx, Oct 10, 2006.

  1. Jdm_rsx macrumors 6502

    Joined:
    Nov 26, 2004
    Location:
    Honolulu, Hawaii
    #1
    money market, mutual funds?

    does anyone here know of places with better CD rates than INGS direct? 4.40%?
     
  2. adk macrumors 68000

    adk

    Joined:
    Nov 11, 2005
    Location:
    Stuck in the middle with you
    #2
    HSBCdirect.com has a 5.05% rate. I have an account with them, haven't had any problems yet. They also let me have an ATM card in case I need money quickly. I don't think ING does that.
     
  3. WildCowboy Administrator/Editor

    WildCowboy

    Staff Member

    Joined:
    Jan 20, 2005
    #3
    That's a good rate...I've used DWS Scudder (and it's previous incarnations) for the last six years or so. Their money market account is currently at 4.96%. No ATM card, but I have checkwriting ($500 minimum check).
     
  4. Jdm_rsx thread starter macrumors 6502

    Joined:
    Nov 26, 2004
    Location:
    Honolulu, Hawaii
    #4
    all of those places listed above is clean? or no problems ever?

    anyone here have experience w/ ings direct?

    thinkin about to try them out
     
  5. sushi Moderator emeritus

    sushi

    Joined:
    Jul 19, 2002
    Location:
    キャンプスワ&#
    #5
    These are two very different instruments.

    In simple terms, a money market is like a savings account and a mutual fund is like investing in stocks.

    For long term growth, stocks are a good place to put your money.

    For emergency funds, that grow slowly over time, a savings account or money market can be good.
     

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