What is your best interest rate and where for parking cash?

Discussion in 'Trading' started by 5Pillars, Mar 15, 2008.

  1. I agree - but I do remember a trader that had substantial funds parked in an iShares account getting about 6 and change. I was just trying to see if those type of rates are still possible from fixed income type instruments these days.
     
    #11     Mar 15, 2008
  2. - or maybe in oil? :D
     
    #12     Mar 15, 2008

  3. You make find investing in stocks will deliver 10-20% returns and investing in real estate even more plus a nice home to live in and park your cars in a garage for the first time, YES?

    You are now feeling the effects of Federal reserves rate cuts dont you? Millions of Americans must be looking at their statements and scratching their heads this weekend...LOL


    Has that happened before ?

    Rewind to 2002-2003 and the real estate and stock markets taking off....millions can be made at the right time......think about it.
     
    #13     Mar 15, 2008
  4. I'll give you 8%.. with 100% insured instead of the $100,000 FDIC insurance provided by the Commercial Banks.
     
    #14     Mar 15, 2008
  5. I dont park cash
     
    #15     Mar 15, 2008
  6. Day7793, Hedgefundtrader2, or whatevever your new perma-bull name is.....

    Just keep burying your head in the sand while your paper trading account is piling up losses.
     
    #16     Mar 15, 2008
  7. I am going to park funds that I will be using to short oil when I see the time is right (using funds like USO - not the CL or QM contract) for a longer term play. I want to set up an account and have the money earning interest while I scale in and out of oil tracking funds.
     
    #17     Mar 15, 2008
  8. I have been heavy short since November - I have some cash to park. :p
     
    #18     Mar 15, 2008
  9. loik

    loik

    I have Norwegian krones in Kaupthing Bank Norwegian branch.
     
    #19     Mar 15, 2008
  10. Have you checked out Bank of Sark ??

    They have great programs, and I'm a 100% satisfied customer. I park all my money there. :D
     
    #20     Mar 15, 2008