http://www.thesunsfinancialdiary.com/personal-finance/keep-my-money-safe-and-let-it-grow/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.thesunsfinancialdiary.com/personal-finance/keep-my-money-safe-and-let-it-grow/#comment-44999 Lacey Mon, 06 Oct 2008 22:07:35 +0000 http://www.thesunsfinancialdiary.com/?p=2532#comment-44999 This was a great post! There is so much turbulence in the market today, and people need peace of mind more than ever. I wanted to offer your readers a link to another blogger who is doing great work. He writes about our 'childhood money messages' and how the best approach to stability in today's market is to resist letting these emotions control our buying/selling habits. It is really fascinating work, and something you should all check out. His name is Spencer Sherman, and you can view his blog at http://www.curemoneymadness.com/blog. This was a great post! There is so much turbulence in the market today, and people need peace of mind more than ever. I wanted to offer your readers a link to another blogger who is doing great work. He writes about our ‘childhood money messages’ and how the best approach to stability in today’s market is to resist letting these emotions control our buying/selling habits. It is really fascinating work, and something you should all check out. His name is Spencer Sherman, and you can view his blog at http://www.curemoneymadness.com/blog.

]]> http://www.thesunsfinancialdiary.com/personal-finance/keep-my-money-safe-and-let-it-grow/#comment-44997 Tim Mon, 06 Oct 2008 21:50:52 +0000 http://www.thesunsfinancialdiary.com/?p=2532#comment-44997 Sun: see, in my attempt to make the distinction between MMF and MM accounts I erroneously made the mistake I was trying to avoid. My tax exempt MMF yield right now like everything else has increased, go figure. Coupled with the higher yield plus tax exempt, that's a pretty good deal to get taxable yield over 6%. Sun: see, in my attempt to make the distinction between MMF and MM accounts I erroneously made the mistake I was trying to avoid. My tax exempt MMF yield right now like everything else has increased, go figure. Coupled with the higher yield plus tax exempt, that’s a pretty good deal to get taxable yield over 6%.

]]> http://www.thesunsfinancialdiary.com/personal-finance/keep-my-money-safe-and-let-it-grow/#comment-44842 Sun Sat, 04 Oct 2008 00:20:39 +0000 http://www.thesunsfinancialdiary.com/?p=2532#comment-44842 Tim: Money market mutual funds are not insured, but if you open an money market account at a bank just like opening a savings account, then that's FDIC insured. I have never bought any MMF because of the yield. But tax-exempted fund may worth a look. Tim: Money market mutual funds are not insured, but if you open an money market account at a bank just like opening a savings account, then that’s FDIC insured. I have never bought any MMF because of the yield. But tax-exempted fund may worth a look.

]]> http://www.thesunsfinancialdiary.com/personal-finance/keep-my-money-safe-and-let-it-grow/#comment-44834 Tim Fri, 03 Oct 2008 17:38:20 +0000 http://www.thesunsfinancialdiary.com/?p=2532#comment-44834 there are two different types of money market funds though, one is fdic insured the other aren't. if the bankis sound, chances are the non-fdic money market fund they offer is fine. i have been keeping money in my non-fdic insured tax-exempt money market fund. if you are looking at the nice cd rates, do them now, because once banks start lending to each other again, those will go away unless fed starts increasing its rates. i'm just to giddy about the market being down and the low cost of funds and stocks to lock my money in at 4% in a cd though. i get higher return and flexibility with the tax-exempt MMF while i'm deciding what fund and stock to buy next. i'm taking a bit of a gamble because i've depleted my cash reserves quite a bit because i'm on a buying spree. there are two different types of money market funds though, one is fdic insured the other aren’t. if the bankis sound, chances are the non-fdic money market fund they offer is fine. i have been keeping money in my non-fdic insured tax-exempt money market fund. if you are looking at the nice cd rates, do them now, because once banks start lending to each other again, those will go away unless fed starts increasing its rates. i’m just to giddy about the market being down and the low cost of funds and stocks to lock my money in at 4% in a cd though. i get higher return and flexibility with the tax-exempt MMF while i’m deciding what fund and stock to buy next. i’m taking a bit of a gamble because i’ve depleted my cash reserves quite a bit because i’m on a buying spree.

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