Official Investing Thread

**GaryAngel** · 05-02-2012, 10:32 AM

Originally Posted by phillyfan

I bought some yesterday when it dove to 6.

nice.

**SportsFromA2** · 05-02-2012, 10:37 AM

smartypig is only paying out 0.7%?

damn...

guess Ford is still the best savings-type account around?
http://credit.ford.com/investor-cent...rest-advantage

was thinking of switching, but there doesn't seem to be a better alternative

**pGekko** · 05-02-2012, 10:45 AM

My short term savings account is CYS. It's "interest rate" is 15%.

**SportsFromA2** · 05-02-2012, 10:50 AM

Originally Posted by pGekko

My short term savings account is CYS. It's "interest rate" is 15%.

hmm, never heard of it- have any details? (min to open, transfers fees, etc)

**pGekko** · 05-02-2012, 10:59 AM

It's not a savings account. Those are pointless in this rate environment. You aren't even covering inflation. It's a mREIT.

http://www.google.com/finance?q=NYSE:CYS

15% yield, paid quarterly.

**SportsFromA2** · 05-02-2012, 11:21 AM

Originally Posted by pGekko

It's not a savings account. Those are pointless in this rate environment. You aren't even covering inflation. It's a mREIT.

http://www.google.com/finance?q=NYSE:CYS

15% yield, paid quarterly.

ah.

I currently have my chase checking for cash access & bill pay (keep as little as possible in there), and the FIA (Ford Interest Advantage) as the "backup" acct for that- Direct Deposit goes here, funds the chase acct as needed, and still gives limited access for bigger expenses (transfers and checks are free, so I use it for big bills, things like that- I guess it could be considered an emergency fund) - it at least it gives me SOMETHING (1.00% better than 0%).

I was thinking of combining those two for simplicity.

If I switched to Ally, I believe I get ATM (and check) access but I lose out on a little interest and the free outgoing transfers... Just wondering if there's a better way to handle that situation / what others are using

**pGekko** · 05-02-2012, 11:41 AM

Oh. I just have a checking account with my brokerage account and shuffle money back and forth between them.

I don't bother with that intermediate set (the Ford savings account). If I have any big purchases I'll just leave some of my salary behind in checking rather than putting it into investment accounts that pay period.

I guess I don't really have an "emergency fund" by definition this way. But I don't really care. It's not worth losing cash on the lack of interest/return. If something major happened I'd just sell an investment.