Well what a roller coaster ride this market has been. The bear clings on with claws as sharp as razor wire cutting American’s 401k virtually in half. Now imagine if you were one of the unfortunate that had needed this cash to live on. Many have flooded the bound markets, but this is an unwise move and the bound markets will crash in 12-24 months.
Investors have been scrambling to find ways to make their cash work for them. I have an electric orange account with ING http://www.ing.com/group/index.jsp So I would recommend looking into ING as a place to earn better interest then your bank. You link your accounts and then simply transfer money. Keep enough cash in your bank to live on and transfer the rest into ING… So in essence I’m saying America needs to get back into the SAVING MODE!
GB
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