Comments on: Why I Ditched My Vanguard Money Market Fund In Favor Of ING Direct http://amateurassetallocator.com/2010/02/08/why-i-ditched-my-vanguard-money-market-fund-in-favor-of-ing-direct/ Amateur Asset Allocator Tue, 22 May 2012 02:58:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Kyle http://amateurassetallocator.com/2010/02/08/why-i-ditched-my-vanguard-money-market-fund-in-favor-of-ing-direct/comment-page-1/#comment-8912 Kyle Sun, 09 May 2010 21:15:20 +0000 http://amateurassetallocator.com/?p=3774#comment-8912 ING is FDIC insured, so I'm not worried about it. The money market fund isn't, so if anything I would consider the money market fund to be far risker. ING is FDIC insured, so I’m not worried about it. The money market fund isn’t, so if anything I would consider the money market fund to be far risker.

]]> By: dizzyfingers http://amateurassetallocator.com/2010/02/08/why-i-ditched-my-vanguard-money-market-fund-in-favor-of-ing-direct/comment-page-1/#comment-8911 dizzyfingers Sun, 09 May 2010 18:07:20 +0000 http://amateurassetallocator.com/?p=3774#comment-8911 When yields generally are low, like now, and financial institutions are failing right and left, higher yields indicate higher risk and probably an institution that needs to suck in deposits in order to... well... get their house in order. It might be safer to take less risk, unless you are getting a Bauer Financial rating report on ING every day. The $40 rating reports are very revealing. When yields generally are low, like now, and financial institutions are failing right and left, higher yields indicate higher risk and probably an institution that needs to suck in deposits in order to… well… get their house in order.

It might be safer to take less risk, unless you are getting a Bauer Financial rating report on ING every day. The $40 rating reports are very revealing.

]]> By: Len Penzo dot Com http://amateurassetallocator.com/2010/02/08/why-i-ditched-my-vanguard-money-market-fund-in-favor-of-ing-direct/comment-page-1/#comment-7251 Len Penzo dot Com Mon, 15 Feb 2010 08:41:45 +0000 http://amateurassetallocator.com/?p=3774#comment-7251 <strong>The Carnival of Personal Finance CCXLIV – The Fiscally Irresponsible TV Characters Edition...</strong> Welcome to the 244th edition of the Carnival of Personal Finance! What an honor!  The main theme of this blog is all about taking responsibility for your own personal finances.  So today I thought I would theme this edition of the Carnival around sever... The Carnival of Personal Finance CCXLIV – The Fiscally Irresponsible TV Characters Edition…

Welcome to the 244th edition of the Carnival of Personal Finance! What an honor!  The main theme of this blog is all about taking responsibility for your own personal finances.  So today I thought I would theme this edition of the Carnival around sever…

]]> By: Mike http://amateurassetallocator.com/2010/02/08/why-i-ditched-my-vanguard-money-market-fund-in-favor-of-ing-direct/comment-page-1/#comment-7182 Mike Wed, 10 Feb 2010 14:25:29 +0000 http://amateurassetallocator.com/?p=3774#comment-7182 You make a great point about the risk of money markets. Many people think they're just as safe as FDIC insured savings accounts, but they're not. Granted, they are less risky than other saving vehicles, but more risky than a savings account. Also, I agree with not chasing the highest yield for savings accounts, but the difference between 0.02% and 1.2% is big enough for me to make the jump even with a small savings balance! You make a great point about the risk of money markets. Many people think they’re just as safe as FDIC insured savings accounts, but they’re not. Granted, they are less risky than other saving vehicles, but more risky than a savings account.

Also, I agree with not chasing the highest yield for savings accounts, but the difference between 0.02% and 1.2% is big enough for me to make the jump even with a small savings balance!

]]> By: frugalscholar http://amateurassetallocator.com/2010/02/08/why-i-ditched-my-vanguard-money-market-fund-in-favor-of-ing-direct/comment-page-1/#comment-7149 frugalscholar Mon, 08 Feb 2010 21:04:59 +0000 http://amateurassetallocator.com/?p=3774#comment-7149 American Express Personal Savings is paying 1.5%. Also, many credit unions are paying 1% or so. I too am moving a lot of cash out of Vanguard Prime. American Express Personal Savings is paying 1.5%. Also, many credit unions are paying 1% or so. I too am moving a lot of cash out of Vanguard Prime.

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