I love finance, as weird as that sounds, it's like a game to me, especially money market accounts.
Money market funds are very safe, pretty much the same as a bank account, but it offers much more returns
Absolutely, that's where you put your money if you want to make money off it. I practice churning to bring in extra money by moving money around.
That is much better that putting it all in mutual funds, where fees and expenses can add up very quickly
Absolutely, that's like credit cards, people don't pay them on time and the interest gets them.
The rate of return is a profit on an investment over a period of time, expressed as a proportion of the original investment. The time period is typically a year, in which case the rate of return is referred to as the "annual return".
To compare returns over time periods of different lengths on an equal basis, it is useful to convert each return into an "annualised return". This conversion process is called "annualisation", described below.
The return on investment (ROI)
of whom have bothered to listen to the context of the pulled quote—pass off the notion of account safety as an out-and-out buy recommendation. The absurdity astounds me. If you called Mad Money and asked me about Citigroup, I would tell you that the common stock might be worthless, but I would never tell you to pull your money out of the bank because I was worried about its solvency. Your money is safe in Citi as I said it was in Bear. The fact that I was