Time to Withdraw From PayPal Money Market!

Discussion in 'PayPal' started by zac439, Feb 22, 2009.

  1. #1
    I pulled all of my money out of the PayPal.com Money Market Fund after I saw the rate hit 1%.

    It's now at 0.5%.

    I fear that a lot of people are going to lose their money if they don't pull it out soon. I remember the days when it was at 5%, such a large decrease!

    What are your thoughts? Is the Money Market becoming an unsound investment?
     
    zac439, Feb 22, 2009 IP
  2. hav0c

    hav0c Notable Member

    Messages:
    1,391
    Likes Received:
    39
    Best Answers:
    0
    Trophy Points:
    235
    Digital Goods:
    1
    #2
    I don't see any immediate danger in losing money when it comes to it other than losing a higher return. Most interest bearing accounts are dropping rates and PayPal isn't going to go down any quicker than a bank.
     
    hav0c, Feb 22, 2009 IP
    zac439 likes this.
  3. stunna

    stunna Peon

    Messages:
    37
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #3
    Yeah Paypal's downward spiral with definitely mimic the outside economic downturn soon enough.
     
    stunna, Feb 22, 2009 IP