Beating the Market by Staying in Cash
By Johns Wu on Jul 20, 2006
With interest rates so high, and the markets so exasperating, many traders are staying in cash.
Bankaholic lists some no-risk, fully liquid, high-yield money market and savings account rates that offer interest rates ranging from 5.25% APY to 6.00% APY. If the market continues to deteriorate, you might even want to think about locking away some of your cash at the current high interest rates in laddered CD accounts.
I personally plan on opening a 5.76% APY 10-month CD account at World Savings Bank this weekend. Also check out Chase's credit card which offers 6% back on gas purchases for 90 days and then 3% thereafter.
2 Responses to “Beating the Market by Staying in Cash”
If you have long term money to store away, now it’s the time to buy bonds….
If interest rates goes down, bond prices will go up and you will make even more.
Leave a Comment
Recent Blog Posts
- What to do about Nucor
- Shortcake ?
- Putting it to the X
- Why it's NOT time to Short Apple and Visa
- Follow Up on WLT
- JPM
- Stashing Cash in Savings Accounts
- Shorting V
- USO Stock Chart (Short Oil?? Call me crazy)
- Throwing out the Chart on AMZN
- Walters Industries
- Mastercard Again
- D R Horton
- EMC
- Broadcom
- Covance
- RIMM
- Cat Stock Chart
- Turning $5,000 into $400,000..UNREAL
- Resistance Broken!
- Best looking chart seen in a while (MELI Stock Chart)
- WSCI - WSI Industries Inc
- Resistance Holding up
- Dont fight the trend. (MOS Stock Chart)
- UTVG - Universal Travel Group
- Havent Done Your Taxes Yet??
- Mastercard
- Costco
- Bottom or no bottom, That is the question.
- Is the Apple Still Rotten?
Subscribe
   |
 |
Yeah, the high interest savings accounts are really amazing. Recently, the interest pay outs have been really really high.
The CDs are nice also, but I’ve found them to be a bit of a hassle. I put away 1000$ last December in a 12month CD, which has been fine, but now I could really use that money, but it’s locked up. I’ll keep my money in my ING from now on.