PayPal Money Market
@hardworkingmom (1130)
United States
July 2, 2009 1:07pm CST
I was wondering if anyone particiate in this money market acount that paypal offers. If you do I wanted to know if it is a good investment to enroll into, I'm also trying to get a better understanding of the money marketing thing. Its just that with all that is going on with the recession thing if it will be a good idea to invest into something like this. I'm open for any and all suggestions. I do appreciate any and all feedback.
Thank you so much in advance.
1 person likes this
3 responses
@tetet05 (51)
• Philippines
3 Jul 09
I think the owner of paypal also owns ebay. Such a big company wont lose because they are using paypal to encourage people to trade through ebay and i think using paypal as payment method is really safe. Its because paypal would help you if you would get scammed by your seller especially when the seller doesnt deliver what you have ordered. I hope paypal keeps up the good work.
@hardworkingmom (1130)
• United States
3 Jul 09
thank you for responsing and giving me the encouragment. I'm really thinking about signing up between today and tomorrow.
1 person likes this
@tetet05 (51)
• Philippines
5 Jul 09
Just always remember that when it comes to investing there is always a risk, profit is not always 100% sure. It is usually best to just invest things that you think you could afford losing, in that way if you lose your investment you wont lose everything. Good luck on your investment and would you mind sharing that site? It really sounds interesting..
@cbantly (236)
• United States
2 Jul 09
As a former investment banker, I will give you a little bit of advice. There are two types of money market accounts, but the type that applies here is basically a savings account. Your money is safe, and there is no investment risk. HOWEVER, that being said...it really is not an investment.
Do I think it's a good idea for you to keep money in? Yes I do. Paypal has a major benefit over any bank when it comes to saving money. You cannot access your money immediately, thus making it harder to spend your savings!
As far as investments, it will not return enough to make a difference as it will not keep up with inflation. BUT it is a great place for svaing your money and although you may not gain a lot, you won't lose it!
@hardworkingmom (1130)
• United States
2 Jul 09
GREAT thank you so much for responsing to my discussion. Also thank you for the great advice I'm really thinking about just joining at least I'll be able to save and when the time is right I'll have something to fal back on. Once again Tahnk yo Cbantly.
