Quote:
Originally Posted by cadre
I have a high yield savings account with HSBC and last I checked the interest rate was still at 3.5%. My savings style is to keep a couple months worth of money in there, in case I lose my job or some other negative event happens and I need money right away. The excess goes into long term investments. Every month I go through my financial and make any necessary adjustments. Am I risking a lot of my money? Well, that depends on your opinion of risk. I am however growing my money faster than any other method.
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Pretty much the way I'm doing it, right down to the same bank. I choose HSBC over ING because they had branches here in Mexico.
The only thing I can say is currently I'm not making any money with my LT investments. I haven't lost any great % but if you figure in inflation...