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High-yield checking? |
Is it worth the effort to have a high yield cking at an investment bank? and what are the pitfalls and advantages of having one? Forget banks. You should do what I did and give all your money to some Nigerian guy who needs it to become a prince! The white man keeps your money High yield checkings are great if you have a lot of money to put in them. Some banks have caps though of how much you can keep in there (they don't want them being used as a savings account). I would look at the fine print before opening it. Pitfalls; maintence fees and balance requirements. If checking account is considered an investment then it is not FDIC insured, and no bank will guarantee that the account will retian its value. |
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There are a lot of scams on line. If they promise 1% a day, or even 1% a month, they are a scam. You should consider the Vanguard Prime Money Market Fund with a current compound yield of ~4.55%... Your interest through BOA accrues daily and compunds monthly. The 4.72% is your annual rate; however, the 4.8% is your yield due to compounding. The math would be as follows: 11000 times 4.8% ... It's difficult to find precisely what you are seeking as definitions of what constitutes "high-yield" change over time. However, a good proxy would be a high-yield tax-exempt mutu... The U.S. government does not issue high yield bonds. U.S. government bonds are the safest investment and maintain the highest credit rating. Regarding corporate high yield debt, that really dep... Your idea is fine. If those "unforseen expenses" which jump up and bite all of us come up again, you still have the option of drawing down on the high yield savings account. I like your... You really don't want an "Index Fund" for high-yield bonds - why would you want to track the poorest quality junk bonds? Split yourself among the best performers if you want great... The institutional investor probably saw something specific about that particular bond that showed that it was undervalued - even with the hedge. In the world of junk bonds, a thorough analysis... These "High Yield Investment Programs" (HYIP) are usually scams. I have never heard of a legitimate one. The US Treasury department considers the phrase "high yield investment progra... |
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