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Old 09-04-2007, 05:09 PM
brizzology brizzology is offline
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Join Date: Aug 2006
Posts: 41
Default Re: OT: investing Bankroll

I do it and it's worked out well for me. The 20BI BR requirement doesn't mean the money literally needs to sit in that site, of course!

I have a US-based capitol one money market/savings account which offers 5% interest. ING, emigrant direct, etc, all offer about the same, give or take a bit. There is very low risk, as this is a savings account. Shop around for your favorite.

I keep about 15-20% of my BR in this account, touching it only when I must.

I don't agree with invid's point that the interest won't be worth it. Hopefully, you can keep the money in the savings account indefinitely, and only withdraw when you're on a downswing. So, you'll continue to collect interest. With any luck, you'll be able to build this account as your BR increases.

I also don't agree that the price to roll the money back will overcome the profit of the investment. I use wells fargo to deposit, which costs nothing. None of my sites (bodog and FTP) charge for withdrawals. So there's literally zero fees.
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