Re: [MLUG - DISCUSSION] Money Markets?

["Ryan Thornton" <EMAIL:PROTECTED>]

Paypal makes some folks uneasy:
http://computer.howstuffworks.com/paypal7.htm
http://news.com.com/2100-1017-858264.html
Basically it's the non FDIC insured, and the arbitrary freezing of accounts....
If you find that risk acceptable then go for it.  

Here is another good site:
http://www.savingadvice.com/
http://www.fatwallet.com/c/52/

-- Ryan

On 5/22/06, Michael < EMAIL:PROTECTED> wrote:

PayPal uses money markets and the percentage is good. Other money market
plans I've looked into are much more work to maintain. The one I looked
into at Wells Fargo was treated more like their stocks plan which isn't
an easy way to invest if you actually want to get your money out someday.

I'd say open a PayPal account, signup for it's money market feature, and
put your money there.
> I was wondering about money market savings accounts... I got a refund
> check from school and thought about putting a good portion of it into
> something that could turn some money back onto it.  or something along
> that line.  And the other part, pay off a few past accounts and maybe
> help with the car thing. (should still be getting like 3k from insurance
> for the car) I am not well versed in the financial industry. just
> wondered if some of you guys knew about this kind of stuff.
>


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