Comments on: Stupid

By: moneyrelations

moneyrelations — Tue, 31 Jul 2007 21:55:40 +0000

Hi GoldnSilver! Yes, that’s exactly what I’m going to do now. I had set up automatic purchases into some index mutual funds but I guess I’m a better saver than I thought so it gathered up nicely. It was also a hassle to transfer money back and forth between institutions when I needed it. I seem to either make irrational decisions without thinking or I think too much and don’t act. I’m going to make auto transfers to a money market fund with my bank so the money will be ready when I need it for those cheap buys

By: GoldnSilver

GoldnSilver — Tue, 31 Jul 2007 19:27:59 +0000

Why don’t you set up an automatic transfer from your checking to savings?

just a suggestion.

By: moneyrelations

moneyrelations — Wed, 25 Jul 2007 23:14:48 +0000

I was actually hesitant about this post. It's downright embarrassing. Here I am calculating MER savings but I don't even see the forest for the trees and put it in a savings account? Mea maxima culpa.

I think we are insensitive to savings accounts' returns. 3.5%? Yeah, whatever. Let me invest in the ultra hot market for a huge gain. However, if you take the time to do the number crunching, it puts things in a new perspective. You're right, free money for no risk isn't bad at all.

Oh well, this is exactly what this blog is for-- to record my boneheaded moves for the betterment of mankind.

By: growthinvalue

growthinvalue — Wed, 25 Jul 2007 22:02:06 +0000

You sound like my GF — she who has THOUSANDS hanging around in a chequing account because she never gets around to moving it somewhere else.

Like, seriously. It’s free money.