How many of you have invested poker winnings?

Degen · #1 09-13-2005, 11:12 PM

hmm okay, thanks

but aren't money market accounts risky like stocks? as in you could lose your money?

ChromePony · #2 09-14-2005, 01:58 AM

money market accounts are very low risk, they basically offer a small guaranteed return in the 3-4% range, in exchange the money is left fairly liquid for you access frequently with no fee or penalty if you so desire.

#3 09-14-2005, 08:43 AM

actually 2-3%

Degen · #4 09-14-2005, 09:27 AM

when u say 'low risk' what does that mean? what is the risk?

like w/ a savings account there is 0 risk, FDIC insured...

what is the risk w/ a money market account? that the company goes out of business?

1C5 · #5 09-14-2005, 12:41 PM

Just keep some in ING, get 3.xx%, with no risk at all.