Comments on: Start Saving Money! How Banks Pay You To Save http://thesmarterwallet.com/2009/start-saving-money-banks-save/ Money Tips, Consumer News and Product Reviews To Improve Your Finances Thu, 11 Mar 2010 15:16:05 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Niche Marketing Man http://thesmarterwallet.com/2009/start-saving-money-banks-save/comment-page-1/#comment-12069 Niche Marketing Man Wed, 18 Nov 2009 03:31:23 +0000 http://thesmarterwallet.com/?p=9716#comment-12069 Very informative, thanks for putting this together! Very informative, thanks for putting this together!

]]> By: The Smarter Wallet http://thesmarterwallet.com/2009/start-saving-money-banks-save/comment-page-1/#comment-12061 The Smarter Wallet Tue, 17 Nov 2009 22:15:23 +0000 http://thesmarterwallet.com/?p=9716#comment-12061 Good points Credit Shout, although there is a place for savings accounts in any portfolio. If you need a place to park your short term funds -- say, your emergency funds -- then I believe that CDs, money market funds, accounts and online savings accounts should do the trick for you. I would certainly avoid investing my short term savings in any kind of stock no matter how "safe" they seem to be. There's just no guarantee... regardless of how attractive the dividend rates are. In short -- liquid accounts are for short term savings, for money you'll need within the next several years, or for money you'll use for unexpected expenses and emergencies. Everything else should go into long term investments like stocks, bonds, gold, real estate and so forth, where you're likely to experience more volatility. But you get better rewards for a bit more risk. Good points Credit Shout, although there is a place for savings accounts in any portfolio. If you need a place to park your short term funds — say, your emergency funds — then I believe that CDs, money market funds, accounts and online savings accounts should do the trick for you.

I would certainly avoid investing my short term savings in any kind of stock no matter how “safe” they seem to be. There’s just no guarantee… regardless of how attractive the dividend rates are.

In short — liquid accounts are for short term savings, for money you’ll need within the next several years, or for money you’ll use for unexpected expenses and emergencies. Everything else should go into long term investments like stocks, bonds, gold, real estate and so forth, where you’re likely to experience more volatility. But you get better rewards for a bit more risk.

]]> By: CreditShout http://thesmarterwallet.com/2009/start-saving-money-banks-save/comment-page-1/#comment-12051 CreditShout Tue, 17 Nov 2009 15:50:09 +0000 http://thesmarterwallet.com/?p=9716#comment-12051 Although I'm a big proponent of CD's, I think right now the rates are so pathetic you would be better off buying some low risk stock such as GE or Alcoa, there are so many stocks you can still pick up that will be great long term buys and as long as you keep an eye on it, it's sure going to beat 1.5% a year. Although I’m a big proponent of CD’s, I think right now the rates are so pathetic you would be better off buying some low risk stock such as GE or Alcoa, there are so many stocks you can still pick up that will be great long term buys and as long as you keep an eye on it, it’s sure going to beat 1.5% a year.

]]>