Financial Guide to Designers
Out of context: Reply #232
- Started
- Last post
- 232 Responses
- bulletfactory0
Motley Fool http://www.fool.com/ does a good job at explaining saving and investment strategies - I also use wikipedia if I have questions about specific terms, as it gives nice examples often mathematical equations to help.
I use a high-yield savings account (ING Direct) to store extra money as I research companies to invest in. When I started, ING's annual percentage rate was around 4%+ (which is a shitload better than the .5% my credit union offers) - so while not being as good as a CD or index fund etc; at least my money was still 'working' while it was sitting w/ zero risk. The percentage rate has declined quite a bit over the past two years, but still higher than any other (unless you get a CD or something) - the money in there is still pretty liquid - I can get to it in 2 business days. I hope their % rates start to increase again soon.- I have ING account also, in canada it runs at about 1.5% these days down from 3% year or so ago.canuck
- yup - i love my ING account - it's out of reach enough to not really spend it, but could get to it in a pinch - and nice interest.bulletfactory