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This month's interest

December 4th, 2007 at 03:40 pm

I added up my interest for the month and it came to $2302.76. I really expected it to go down this month because my main bank here has lowed it's rate from 5.25% to 4.2%. I put some money into Vanguard when the money market was paying 5% but now it is down to 4.72%, the last time I checked. Every time they lower the prime rate, it does hurt us savers.

Posted in Uncategorized | 4 Comments »

4 Responses to “This month's interest”

  1. koppur Says:
    December 4th, 2007 at 03:43 pm 1196783025
    1196783025

    Hee hee hee! It just makes me laugh...you're interest is in the thousands, mine was under $2.00 Big Grin You are definatly someone I aspire to catch up to! Smile

  2. Ima saver Says:
    December 4th, 2007 at 07:49 pm 1196797792
    1196797792

    Hey, I started making $2 a month too!! Just keep going!!

  3. Broken Arrow Says:
    December 5th, 2007 at 03:06 pm 1196867211
    1196867211

    Yeah, it sure would be nice to be able to earn a passive income of $2k a month. That would solve most of my worries right there. Big Grin

    You're definitely an inspiration, Ima.

    As for Money Market Funds... I find that they work best as a means for your investments. They're good as a low-risk (low-gain) diversifier, as well as a place to temporarily park your money until you figure out what funds you want to buy, and when.

    By the way, do you have Admiral shares? I'll bet you do. Now there's something else I greatly aspire to. Big Grin

  4. Ima saver Says:
    December 6th, 2007 at 08:04 pm 1196971470
    1196971470

    Yes, BA, I do have the admiral shares!

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