paypal money market fund

Discussion in 'BlackHat Lounge' started by appleman, Jun 3, 2010.

  1. appleman

    appleman Regular Member

    Joined:
    Oct 30, 2009
    Messages:
    358
    Likes Received:
    97
    anyone investing money into this? I notice the usual is around 5 percent on return most places...I seem to be about double that with the money fund. Anyone know about this?
     
  2. Chronos

    Chronos Junior Member

    Joined:
    May 5, 2010
    Messages:
    126
    Likes Received:
    294
    PayPal already takes enough of my money... so no.

    Especially with the bad things I've heard about paypal doing, I would never trust them investing my money. I'm sure there is small print or some other BS that doesn't gaurantee 5%.

    You're better off investing in some municipal bonds. Probably safer (knowing paypal) and better return.
     
  3. appleman

    appleman Regular Member

    Joined:
    Oct 30, 2009
    Messages:
    358
    Likes Received:
    97
    at .12 apy right now..i dont see any competition...?
     
  4. *poohbear*

    *poohbear* Registered Member

    Joined:
    Jun 1, 2008
    Messages:
    59
    Likes Received:
    15
    yea..about a 1 1/2 years ago it was near 6% which isn't a terrible return..but now it's 0.12%
     
  5. dheer

    dheer Jr. VIP Jr. VIP Premium Member

    Joined:
    Jul 24, 2009
    Messages:
    2,570
    Likes Received:
    1,040
    Home Page:
  6. mandom

    mandom Regular Member

    Joined:
    May 4, 2010
    Messages:
    373
    Likes Received:
    120
    A mutual fund and a money market fund are two completely different investment vehicles. A money market fund has virtually no risk of loss and the returns generally reflect that (with low rates). Personally I feel that you can probably get a better ROI elsewhere and not have to deal with paypal bullshit. What happens to your money market funds if they limit your account? Want to risk that for a measly .12% return?

    ING would be a better option (for US residents at least) and since it's a checking/savings account you can hook it up to Paypal directly to move your money around. I've been with them for years and I love them. If you want an actual Money Market, I always recommend Vanguard.