Rising Interest Rates

Interest rates are rising. So what are you doing about it? If you read the news, it sounds like a death knoll. And to people who are getting mortgages it may be. But to those who are saving money, it sounds like heaven. More interest on the money you save without any risk. So what are you waiting for? Get rid of those old CDs, and bank savings accounts, and get the highest rates that are available out there. Where? Why — on the internet. You are already saying- “But isn’t that risky?” No, it’s not and here is why. Internet banks have lower overhead so they can offer you more interest. Also, their money market accounts are FDIC insured, unlike all of the brokerage money market accounts. What kind of interest? Well, check this out at virtual bank, http://www.virtualbank.com/
Also check out Emigrant Bank, and ING Direct online.
Why am I telling you this? Because even though I am still a registered investment advisor, I am not practicing but my registration allows me to provide information and education. So there….. you are informed and educated. Now go out there and prosper.