The Blue Elephant Brigade

CrushFearSynth · Posted: Sat Apr 07, 2007 2:43 am Post subject:

My poor joke failed. 'Hatte will pay.

I was going with Vanguard. But I still haven't turned in all of my stuff, so I don't have a portfolio set up yet.

I don't trust online anything, especially money managers. If you go with an established company like Schwab or something that offers it, that might be alright. I don't even make purchases online.

ING: 4.5%...bs. I think it's just something to catch your eye, and once your caught, it's actually up to 4.5%

Capital One: they are actually Money Market Funds. High Yield is 5%, Business is 4.5%.

HSBC: Online savings seem to be 5.05%, whereas standard is only .25%. There were no rates listed for a high interest savings account, so I would like to know exactly where they are getting that yield, because it doesn't jive with the rest of their rates. Even their hardcore investor accounts don't break 4.5%, and that's for 250k and above. CD's weigh in at 5.25%, which is a lot more than the MMF's they offer. Something isn't right here.

The current national average for high interest savings is 3.92%.
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"The cheese stands alone." - Madhatte

Trassin · Posted: Sat Apr 07, 2007 2:50 am Post subject:

My next thing to get set up is a Roth IRA.
_________________
The word God is for me nothing more than the expression and product of human weaknesses, the Bible a collection of honorable, but still primitive legends which are nevertheless pretty childish. - Albert Einstein
"Raccoons oscillate at 50Hz in Europe." - FAWBOTS
"I'm not sure I'm up for orgy scrabble parties" - Female Friend

CrushFearSynth · Posted: Sat Apr 07, 2007 3:27 am Post subject:

Let me know how that works out for you, I've been interested in doing that for some time.
_________________
"The cheese stands alone." - Madhatte

Trassin · Posted: Sat Apr 07, 2007 4:54 am Post subject:

I submitted my app. to get one started through Bank of America. I use them for one of my other accounts and have always been really happy with their online banking options and setup.
_________________
The word God is for me nothing more than the expression and product of human weaknesses, the Bible a collection of honorable, but still primitive legends which are nevertheless pretty childish. - Albert Einstein
"Raccoons oscillate at 50Hz in Europe." - FAWBOTS
"I'm not sure I'm up for orgy scrabble parties" - Female Friend

Exzavier · Posted: Sat Apr 07, 2007 6:08 am Post subject:

Trassin · Posted: Sat Apr 07, 2007 6:15 am Post subject:

I've always figured that beer/scotch companies might be a good investment. Figure that people will probably only drink more as the economy gets worse. I've never actually taken the time to do any research to back that theory up though.
_________________
The word God is for me nothing more than the expression and product of human weaknesses, the Bible a collection of honorable, but still primitive legends which are nevertheless pretty childish. - Albert Einstein
"Raccoons oscillate at 50Hz in Europe." - FAWBOTS
"I'm not sure I'm up for orgy scrabble parties" - Female Friend

CrushFearSynth · Posted: Sat Apr 07, 2007 6:20 am Post subject:

That's what I was thinking, the rate is posted at 4 and a half, but when they say they will change it at their discretion, then they probably will, often. If it were a locked in rate, I'd say it is impressive, but it sounds like a mutual fund more than a savings account. Most likely it is similar to a company provided 401k deal, they reexamine their total investment gains and losses at the end of every fiscal year and adjust your percentage accordingly.
_________________
"The cheese stands alone." - Madhatte

Trassin · Posted: Sat Apr 07, 2007 6:33 am Post subject:

Mad Money recommended the England-based liquor company Diageo.
_________________
The word God is for me nothing more than the expression and product of human weaknesses, the Bible a collection of honorable, but still primitive legends which are nevertheless pretty childish. - Albert Einstein
"Raccoons oscillate at 50Hz in Europe." - FAWBOTS
"I'm not sure I'm up for orgy scrabble parties" - Female Friend

Exzavier · Posted: Sat Apr 07, 2007 8:47 am Post subject:

"your percentage accordingly"

They do not adjust each peron's account. If the APR goes down it goes down for everyone. There rate has only increased over the past about two years. It has not gone down.

All the online bank are savings accounts like a traditional account.
How much do you think all these bank buildings cost? I mean Bank of America has like 5 offices in the town I live with full staffs at each. That is very expensive.
If you are an internet bank with only 1 office and little overhead you can give much better rates.
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"Fuckin' Amesome" --- Joe Flacco
"I love watching special effects on my iPad." ---Howard Stern

CrushFearSynth · Posted: Sat Apr 07, 2007 9:14 am Post subject:

ashlad · Posted: Sat Apr 07, 2007 9:54 am Post subject:

Trassin · Posted: Wed May 16, 2012 3:54 am Post subject:

Anyone planning on putting in an order for Facebook stock?
_________________
The word God is for me nothing more than the expression and product of human weaknesses, the Bible a collection of honorable, but still primitive legends which are nevertheless pretty childish. - Albert Einstein
"Raccoons oscillate at 50Hz in Europe." - FAWBOTS
"I'm not sure I'm up for orgy scrabble parties" - Female Friend

Trassin · Posted: Thu Jul 18, 2013 9:36 pm Post subject:

Was really hoping that Tesla's price would drop off further after Goldman Sachs lowered their price estimate, unfortunately it doesn't seem to be happening. Probably going to just buy it at around the $120 price, before Tesla announces their 2nd quarter profits on Monday.

Of course, the fact that other estimates are putting the stock's actuall value at $200 - $300 doesn't help lower it either.
_________________
The word God is for me nothing more than the expression and product of human weaknesses, the Bible a collection of honorable, but still primitive legends which are nevertheless pretty childish. - Albert Einstein
"Raccoons oscillate at 50Hz in Europe." - FAWBOTS
"I'm not sure I'm up for orgy scrabble parties" - Female Friend