As of Jan. 4th, 2009 the money market is 1.39% Do you keep any money in paypal anymore like you use to in the 6%+ range? I guess its only a few bucks anyway unless you have thousands in it
Actually i did not keep any money in paypal coz i always withdraw it via credit card. I don't think money market pay to best yield in the market even at 6% last time.Coz i better let my personal wealth personnel manage the fund for me and the average return is 15%++/month.
15%++ per month? So, at least 435% return on your investment every year? Maybe you should think about switching to another business. Back to the original question, I always try to keep less than $3000 (or maybe $5000) in my PayPal account, somehow it doesn't feel that safe, since PayPal has been known to close some accounts for not much reason whatsoever ... I don't give them any reason to do so, but still, I don't want to play with my luck.
I think there big enough now to be pretty safe in it. I mean to just HOLD fund in it, not making transactions getting in disputes.
Are you sure about the % of return vis-a-vis the time period? I guess he meant to mention it as 15% /year....which itself is very good! Regards, RightMan
Yes...you are correct....But it also comes with a rider 'You are at the risk of losing it, by the same percent...in even lesser time!' Regards, RightMan
I'd keep a minimum in paypal....remember, it's not a banking institution...if they, for whatever reasons, want to limit your account, hold your money, etc...they can and will. It could only take one bad transaction.
True, if you don't know what your doing! BULL MARKET - Right stock in the right sector (positive cash flow from company - of course check the charts too) 90% of going up + THE DIVIDEND