Besides the different APY does one hold any advantages/disadvantages over the other?
2007-02-04 08:49:19 · 3 answers · asked by reinventinghollywood 2 in Business & Finance ➔ Investing
The previous poster... I don't know what he's thinking.
Your question is about a money market fund and E-Trade's High Yield Savings. As you already noted, E-Trade has a higher rate of return.
There are only two other differences that I can see:
1) Insurance: E-Trade Savings is FDIC insured, which means your money is guaranteed. A money market fund is not, however the risk of you losing money is next to nothing. Conclusion: No difference.
2) Access: Both are on demand. Because E-Trade is online, you can easily transfer money to your bank account to access your money, so without further details, that seems the same as a money market account. Conclusion: No difference.
Pick E-Trade! I don't have them, but of those 2 choices, choose E-Trade.
2007-02-07 12:03:40 · answer #1 · answered by MuaRung 4 · 1⤊ 0⤋
in case your motives are to sway the inventory marketplace for your wallet with no meaning, only to get richer, that is a sin clone of playing. making an investment interior the inventory marketplace is a intense deal and also you truly do not take it gently. You do your analyze, get a professional broking service, and heavily make investments so that you've a purpose to satisfy with the money produced from the inventory marketplace. it really is different from utilising the inventory marketplace to play a sport. Your funds isn't a sport. Be very smart what you do with it.
2016-11-25 01:42:35 · answer #2 · answered by bertao 3 · 0⤊ 0⤋
Both would be considered rip offs, invest in high risk high payback.
Here are my examples :
1. Flip (buy quick sell quick) on eBay
2. Print t-shirts
3. Silver coins
They've all paid more than 10% (at worst case conservative) per month for me.
2007-02-04 08:56:12 · answer #3 · answered by Smartass 4 · 0⤊ 2⤋