post your ING direct earning for this mont

[Kroze]

Interest Earned This Month: $10.91

 

[SynthDude2001]

$0.00

 

[sohcrates]

$62.15

 

[bmacd]

Originally posted by: Kroze
Interest Earned This Month: $10.91

what is your $~balance if you don't mind me asking? Just wondering how much is required to get that much interest.

-=bmacd=-

 

[Kroze]

with $5500, i got $14.xx last month.

 

[Slew Foot]

~$11x12=132/year
whats the interest rate? 3% or something? Equals around $3200

 

[Argo]

$100 something

 

[Kroze]

Originally posted by: Slew Foot
~$11x12=132/year
whats the interest rate? 3% or something?

your math skills own my dumbass...

yea, i have 32,000 in my ing account

 

[sniperruff]

$18.40

 

[ultimatebob]

Looks like $20.60 this month.

I'd be curious what my Dad's total is, since he's temporarily parked a big chunk of his retirement savings in there. And to think, I didn't even get a referal bonus for that

 

[Kroze]

i love ing!!

it went to 3.4% now.


vs 3.0% month b4.






it makes me want to take the money out of my cd and put it in the ing.

 

[CTrain]

July- $86
Aug- $113
Nov- ~$30 ??

I had to pull all my money out to make a downpayment on the house.
And soon all my money will be in Emigrant Direct.

 

[Caesar]

$11.01

 

[CTrain]

Originally posted by: Kroze
i love ing!!

it went to 3.4% now.


vs 3.0% month b4.






it makes me want to take the money out of my cd and put it in the ing.

Geez....look at Emigrant Direct...they are at 4% now.
ING is lagging way big time.

 

[alchemize]

I closed it. Emigrant direct rox. 4%

 

[Slew Foot]

You guys have wayyyyyy too much money in ING. You only need about a 3 month supply of cash to be that liquid, another 3 month supply should be in Muni bonds (tax-free 4-5% interest).

 

[DaWhim]

don't forget you have to pay taxes on that.

 

[Kroze]

Originally posted by: Slew Foot
You guys have wayyyyyy too much money in ING. You only need about a 3 month supply of cash to be that liquid, another 3 month supply should be in Muni bonds (tax-free 4-5% interest).

i was thinking of putting the rest of the money into it.

9500 + 5500 into ing

 

[Slew Foot]

Text

As an example, 5.4% annual yield tax-free
(edit: didn't notice the 250K minimum investment on that one, but there are others. Rich people use these things for tax shelters)

 

[Pabster]

Originally posted by: Slew Foot
You guys have wayyyyyy too much money in ING. You only need about a 3 month supply of cash to be that liquid, another 3 month supply should be in Muni bonds (tax-free 4-5% interest).

Precisely. Even 4% at Emigrant is a pittance compared to what you could attain elsewhere. Muni bonds are OK but not my favorite.

 

[CTrain]

Originally posted by: Slew Foot
You guys have wayyyyyy too much money in ING. You only need about a 3 month supply of cash to be that liquid, another 3 month supply should be in Muni bonds (tax-free 4-5% interest).

Thats great and everything but are those rates gauranteed ??

 

[Slew Foot]

Muni bonds arent great for returns but they're very secure, which is what people who are stuffing money into ING want.

After you have a decent supply of cash on hand to survive a 6 month job loss, I like to go hog wild with speculative mutual funds. Up about 30% this year on oil and energy.

 

[Kroze]

i want my money to be highly liquid.

 

[pmoa]

24.92

but emigrant was 78.99!

 

[Slew Foot]

The rates dont change much, the yield is based upon the dividend payment (which is fairly stable, in this case its been within 0.05 cents/share/month since its inception), the percentage changes based upon the price of the fund at the time.