Comments on: What To Do With All Your Extra Money http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/ Rebalance before it's too late Wed, 10 Mar 2010 19:39:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: MyLifeROI http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-1170 MyLifeROI Thu, 16 Jul 2009 02:44:43 +0000 http://www.myliferoi.com/?p=520#comment-1170 @RobG, I was looking at more liquid/safe investments. I don't think I would call p2p lending safe OR liquid, really. But thanks for the suggestion! @RobG,

I was looking at more liquid/safe investments.

I don’t think I would call p2p lending safe OR liquid, really.

But thanks for the suggestion!

]]> By: RobG http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-1168 RobG Thu, 16 Jul 2009 00:57:36 +0000 http://www.myliferoi.com/?p=520#comment-1168 You forgot about investing it in lending it to others... in other works, become a "banker" via P2P lending sites. You forgot about investing it in lending it to others… in other works, become a “banker” via P2P lending sites.

]]> By: Mack jackson http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-1033 Mack jackson Wed, 01 Jul 2009 09:48:49 +0000 http://www.myliferoi.com/?p=520#comment-1033 Ya i also agree that money market fund is the best way. There are some risk involved in all types of investment but good knowledge and planning will give you good returns for sure. Ya i also agree that money market fund is the best way. There are some risk involved in all types of investment but good knowledge and planning will give you good returns for sure.

]]> By: MyLifeROI http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-576 MyLifeROI Fri, 08 May 2009 03:16:09 +0000 http://www.myliferoi.com/?p=520#comment-576 @ Roger -- Yup, I didn't want to outline those "rules" and risk looking stupid. The way interest rates are going, you need to figure it out on a case by case basis. Hard to say right now :) Thanks for pointing out the traditional rules, though! MLR @ Roger –

Yup, I didn’t want to outline those “rules” and risk looking stupid. The way interest rates are going, you need to figure it out on a case by case basis.

Hard to say right now :)

Thanks for pointing out the traditional rules, though!

MLR

]]> By: Roger http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-569 Roger Wed, 06 May 2009 22:03:21 +0000 http://www.myliferoi.com/?p=520#comment-569 Not a bad list of suggestions. Personally, I like to think of which type of account would be most suited to which purpose; checking accounts are great for holding money for bill payments or to be withdrawn, saving accounts or money market funds are good for regular or emergency savings (with money market funds also being good for holding money you want to dollar cost average into another investment), and CDs are good when saving for a particular, scheduled event. Of course, in the current economic climate, my money market fund is yielding less than my savings account (and not that much more than my checking account, sadly) and the rates being offered on CDs are at or below the lackluster savings account rate. At ING direct, my main online bank, you need to get a four year CD before the rate exceeds the current savings account rate, while any CD with less than a one year duration is yielding less than the savings account. It makes you wonder a bit about where these banks expect interest rates to be during the next few years. Not a bad list of suggestions. Personally, I like to think of which type of account would be most suited to which purpose; checking accounts are great for holding money for bill payments or to be withdrawn, saving accounts or money market funds are good for regular or emergency savings (with money market funds also being good for holding money you want to dollar cost average into another investment), and CDs are good when saving for a particular, scheduled event.

Of course, in the current economic climate, my money market fund is yielding less than my savings account (and not that much more than my checking account, sadly) and the rates being offered on CDs are at or below the lackluster savings account rate. At ING direct, my main online bank, you need to get a four year CD before the rate exceeds the current savings account rate, while any CD with less than a one year duration is yielding less than the savings account. It makes you wonder a bit about where these banks expect interest rates to be during the next few years.

]]> By: Business & Finance Blogs » Blog Archive » Carnival of Personal Finance #202 - The Lao Tzu Edition http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-519 Business & Finance Blogs » Blog Archive » Carnival of Personal Finance #202 - The Lao Tzu Edition Mon, 27 Apr 2009 07:15:51 +0000 http://www.myliferoi.com/?p=520#comment-519 [...] What To Do With All Your Extra Money - “Ever find yourself with some extra money and you don’t know where to put it?” - MLR, My Life ROI [...]

[...] What To Do With All Your Extra Money – “Ever find yourself with some extra money and you don’t know where to put it?” – MLR, My Life ROI [...]

]]> By: Weekend Link Love And Carnival Roundup - Amateur Asset Allocator http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-518 Weekend Link Love And Carnival Roundup - Amateur Asset Allocator Mon, 27 Apr 2009 02:47:16 +0000 http://www.myliferoi.com/?p=520#comment-518 [...] My Life ROI has a ton of extra money lying around.  Must be [...]

[...] My Life ROI has a ton of extra money lying around.  Must be [...]

]]> By: Welcome to the Carnival of Personal Finance | Mighty Bargain Hunter http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-462 Welcome to the Carnival of Personal Finance | Mighty Bargain Hunter Fri, 24 Apr 2009 06:55:59 +0000 http://www.myliferoi.com/?p=520#comment-462 [...] Life ROI gives some ideas on what to do with all of that extra money. (Fortunate position to be in, [...]

[...] Life ROI gives some ideas on what to do with all of that extra money. (Fortunate position to be in, [...]

]]> By: What To Do With All Your Extra Money | My Life ROI, Getting the … « Bank CD http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-324 What To Do With All Your Extra Money | My Life ROI, Getting the … « Bank CD Wed, 15 Apr 2009 05:17:53 +0000 http://www.myliferoi.com/?p=520#comment-324 [...] See the article here: What To Do With All Your Extra Money | My Life ROI, Getting the … [...]

[...] See the article here: What To Do With All Your Extra Money | My Life ROI, Getting the … [...]

]]> By: MyLifeROI http://www.myliferoi.com/2009/04/what-to-do-with-all-your-extra-money/#comment-322 MyLifeROI Wed, 15 Apr 2009 04:45:30 +0000 http://www.myliferoi.com/?p=520#comment-322 @ Allen -- Thank you very much! I look forward to future comments! MLR @ Allen –

Thank you very much!

I look forward to future comments!

MLR

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