Any riskless assets including but not limited to checking, money markets, CD’s, bridge accounts, T-bills, etc…
I received the email this morning. This was only a matter of time I suppose. I remember when PayPal rates were competitive with ING. According to a SmartMoney article: “Due to market conditions, financial advantages of the money market fund have diminished for our customers,” said a PayPal spokeswoman. Advantages for the company have diminished, …
I think it's time to move your money out of the NC State Employees Credit Union bridge account for the remainder of the quarter. If you don't know what I'm talking about or want to know more about a risk-free investment that could earn you 3% per quarter, go back and read this post. Here's my …
Back in August 2010, I recommended a move into the NC State Employees Credit Union Bridge Account as a good risk compared to the low returns offered in traditional money market accounts. That has turned out to be a prescient call since it’s paid off at 3% returns for the past 2 quarters! For those …
NC State Employees Credit Union Bridge Account Historical Returns Read More »
Some may recall my initial excitement about learning about and opening my bridge account at the NC State Employees Credit Union back in April 2008 (If you need a refresher on the basics, check back at that post). I checked back in during June of that year, and it just wasn’t going my way. In …
Revisiting the NC State Employees Credit Union Bridge Account Read More »
Would I consider building a T-bill ladder with a yield of 0%? In a word, no. Never. However, there are some folks out there who are doing just that, buying US Treasury Bills at an interest rate of 0%.
Many of you will recall my excitement in early April when I moved my cash over to my bridge account which generates interest based on the returns of the S&P 500. June has proved what an absolutely brilliant move that was (note sarcasm). Wow, what an awful month. I was really doing great until about …
Getting Gamed by NC State Employee’s Bridge Account Read More »
First let me describe what a bridge account is, and then I’ll go into how I’m gaming it. In mid 2007, my credit union began to offer what they call a bridge account. The account is set up with the intent of convincing the novice or reluctant investor to enter the stock market. What happens …
Gaming the NC SECU Bridge Account as a Boost for Declining Interest Rates Read More »
