I received my second brokerage (H.R. Block) statement today. If folks remember, my first brokerage (TD Waterhouse) came the other day, and I noticed that the interest rate was down to 0.59% on the money market fund. Well, Block's rate is even worse, only 0.35%.
I got my 403B statement from Fidelity, and that actually improved quite nicely, aided by a big increase in the Japan Fund. But the other funds did nicely as well.
Now, I await my final brokerage (Chuckie Schwab) statement to see how badly that one is faring in the Money Market fund. This one should be really good, because I had selected the Muni-bond Money Market so any interest earned wouldn't be taxable. I wonder if I'll at least break even on this one... <g>
It's amazing to me how quickly (or so it seemed at one time) the money in those MM accounts built up when I wasn't spending it on some stock or something. Mostly dividends now, with like a few half dollars in interest every month... <g>
Well, the bad news is that I'm not even earning enough in the Money Markets to make a telephone call. But the good news is that I have more actual cash than I thought I had, so I can go buy something in the markets here quite quickly. Which is better, to not make interest in a money market account, or take a chance on some over-hyped, over-priced stocks that will probably tank seconds after I buy in? <ggg> (That's a rhetorical question, folks. I already plan to buy into some stocks, and hope to avoid a Pezz! Sorry, Pezz, no disrespect intended.)
KJC |
