Re: moving into cash? 4.4% available

PP is not a bank therefore no FDIC for their lousy 1% over say NetBank
or Etrade bank. Great non reward / risk. See page 6 ... but I knew
this already.

a
==

On Tue, 7 Mar 2006 05:19:39 -0800, "ynotssor" <>
wrote:

>Recalling recent conversations here regarding rates of interest on cash
>balances, I was surprised to see that PayPal's "Money Market" fund, managed
>by "Barclay's Global Fund Advisors", is currently returning 4.4%, with the
>funds being fully available at any time via PayPal and/or its debit/credit
>card, unlike Certificates of Deposit that require a definite time
>commitment.
>
>
>
>This might be a useful vehicle for those who are liquidating their stock
>holdings in anticipation of a coming market decline.

Re: moving into cash? 4.4% available

"arthur" <> wrote in message
news:

> PP is not a bank therefore no FDIC ...

Barclay's mutual fund isn't different from other mutual funds where there is
no FDIC.

Re: moving into cash? 4.4% available

This non banking thing and abuses seen is a whole issue the congress
will ignore until at least after elections. The gutless wonders that
they are. The income difference between high and low annual rates is
trivial and never compensates for the risk involved. Personally I
think there is a huge difference between the quality of PP and Barclay
not to mention service, but I have no need or desire for either.

a
==

On Wed, 8 Mar 2006 14:16:40 -0800, "ynotssor" <>
wrote:

>"arthur" <> wrote in message
>news:
>
>> PP is not a bank therefore no FDIC ...
>
>Barclay's mutual fund isn't different from other mutual funds where there is
>no FDIC.

Re: moving into cash? 4.4% available

Try HSBC bank at www.hsbcdirect.com It is paying 4.8% on it's online
saving account and it is FDIC insured!

arthur wrote:
> This non banking thing and abuses seen is a whole issue the congress
> will ignore until at least after elections. The gutless wonders that
> they are. The income difference between high and low annual rates is
> trivial and never compensates for the risk involved. Personally I
> think there is a huge difference between the quality of PP and Barclay
> not to mention service, but I have no need or desire for either.
>
> a
> ==
>
> On Wed, 8 Mar 2006 14:16:40 -0800, "ynotssor" <>
> wrote:
>
> >"arthur" <> wrote in message
> >news:
> >
> >> PP is not a bank therefore no FDIC ...
> >
> >Barclay's mutual fund isn't different from other mutual funds where there is
> >no FDIC.

Re: moving into cash? 4.4% available

"arthur" <> wrote in message
news:

> Personally I
> think there is a huge difference between the quality of PP and Barclay
> not to mention service, but I have no need or desire for either.

Why even bother responding?

Re: moving into cash? 4.4% available

"stocker" <> wrote in message
news:

> Try HSBC bank at www.hsbcdirect.com It is paying 4.8% on it's online
> saving account and it is FDIC insured!

Thanks for that useful information. Now liquidity is the thing, as one needs
to move the cash back into the brokerage account on short notice when other
investment opportunities arise.

Re: moving into cash? 4.4% available

Prior, you said this was Managed by Barclay and now you say it is a
Barclay (owned) fund ???

a
=

On Wed, 8 Mar 2006 14:16:40 -0800, "ynotssor" <>
wrote:

>"arthur" <> wrote in message
>news:
>
>> PP is not a bank therefore no FDIC ...
>
>Barclay's mutual fund isn't different from other mutual funds where there is
>no FDIC.

Re: moving into cash? 4.4% available

"arthur" <> wrote in message
news:

> Prior, you said this was Managed by Barclay and now you say it is a
> Barclay (owned) fund ???

You can play the semantics all you want. Only the prospectus matters.