Most Popular Posts in 2007
December 31, 2007 by TFB2007 is my first full calendar year blogging. Thank you so much for your support. According to Google Analytics, these are the 5 most popular posts on my blog in 2007 (by “page views”):
- Which Vanguard Money Market Fund?
- What Happens When a Bank Goes Out of Business
- Best Checking Account Which Is Not A Checking Account
- Estimate Your Overall Personal Rate of Return
- Personal Rate of Return: Dollar Weighted Or Time Weighted
It’s hard to pick my own personal favorites. I will go with what the readers voted by their clicks. I hope my posts in 2008 will be as good as those in 2007. Happy New Year everybody!
Hi TTB, Happy New Year. Have you heard of a new Money Market Select from the Bank of America? They are running a pilot program, offering 4.5 APY for a FDIC insured Money Market select. I was going to move my cash into Fidelity or Vangiard, but I might as well just keep it there. Your thoughts?
I haven’t heard about that one but I know they offer Cash Maximizer Savings accounts hidden from most people. See post on Bank Deals. To me, all bank savings or money market accounts suffer the same problems:
1. Rates are set arbitrarily by the bank. They can be competitive today and become totally uncompetitive tomorrow. A Fidelity or Vanguard money market fund will always offer competitive rate set by the market.
2. For people in higher tax brackets, a tax-exempt money market fund often has higher yield after tax.
3. Bank savings or money market accounts have a limit of 6 withdrawals per month. Money market funds don’t have that limitation.