Paypal Money Market fund ???

Discussion in 'PayPal' started by supersubi, Aug 10, 2007.

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  1. #1
    Hi all,

    I am wondering what is Paypal Money Market fund:confused:

    How many of you are using it? what are the advantages and disadvantages of using it?

    Is it applicable to indians also?

    I have around $200 and not going to use it for next few months. I am thinking to invest somewhere to get good returns.

    please help.
     
    supersubi, Aug 10, 2007 IP
  2. GTAce

    GTAce Notable Member

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    #2
    Advantages: Liquid; good return on your money

    Disadvantages: Not FDIC insured; not the best return on your money

    I don't know if you're eligible as an Indian...If you are, sure, use the PayPal money market fund. You're not exactly going to get a better return with only a $200 investment - Most of the better returns you're going to get are in stocks, mutual funds, CD's, etc., and they're going to require more than $200
     
    GTAce, Aug 10, 2007 IP
  3. dbullet007

    dbullet007 Peon

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    #3
    Where exactly is the money market fund available? Is it only for US citizens?
     
    dbullet007, Feb 7, 2008 IP
  4. MSMInvestments

    MSMInvestments Peon

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    #4
    YES is available for US citizens ..may'be will extend in the future.
    You may read a review on PayPal Money Market fund I've written a while ago
     
    MSMInvestments, Feb 8, 2008 IP