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| jeter4982 |
 Posted: Fri May 20, 2005 9:18 am Post subject: Idea... |
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Investing Sr. Associate
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Hey!
I know it has been suggested before, but now that the Trading Sim is live and functional, how about a bank for some more conservative investing? After all, stocks are not the only way of investing. A bank with a low interest rate would be good for passive investors, not wanting to risk all their eInvesting $, and earn a slight return on their balance. Feedback?
Tom |
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| Benjamin |
| Posted: Fri May 20, 2005 10:05 am Post subject: |
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Administrator
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This is a fine idea Tom. Perhaps we can have it so you earn a % or two on the eInvesting$ you don't have invested and think of it as being in the bank.
We'll have to see how difficult this would be to do.
In the meantime maybe someone can recommend a very safe stock that doesn't gain that much but almost never loses anything.
Only problem is you'll still lose the 10 e$ from buying and then 10 again when you sell.... |
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| jeter4982 |
| Posted: Fri May 20, 2005 11:17 am Post subject: |
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Investing Sr. Associate
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No, I am not saying that I would necesairly be interested in this, but I just think it might fit in with the site well. Something that might make it even more interesting is if the interest rates fluxuated. For example, if you set it up so the interest rate was between 1% and 2%, it would be great if a script could randomily choose a number between 1 and 2, and set it for the interest rate for the week, month, or whatever.
Tom |
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| freeye |
| Posted: Fri May 20, 2005 3:03 pm Post subject: |
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Investing Manager
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| in a stock brokerage account what you may describing is called a money market sweep account. in brief, new money and stock sale proceeds are automatically swept into this account. typically earning relatively small interest rates. |
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| blackfoxtrade |
| Posted: Tue Jun 07, 2005 7:44 am Post subject: |
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Associate
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| eInvesting Admin wrote: | This is a fine idea Tom. Perhaps we can have it so you earn a % or two on the eInvesting$ you don't have invested and think of it as being in the bank.
We'll have to see how difficult this would be to do.
In the meantime maybe someone can recommend a very safe stock that doesn't gain that much but almost never loses anything.
Only problem is you'll still lose the 10 e$ from buying and then 10 again when you sell.... |
well there still is a problem with that, because every time you post you receive e$ which need to be invested or kept in a bank as mentoined above. But you can't go running to buy stocks every now and then - the fees eat your profit away...  |
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| Dave Rathbun |
| Posted: Tue Jun 07, 2005 10:50 am Post subject: |
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CFO
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| blackfoxtrade wrote: | | But you can't go running to buy stocks every now and then - the fees eat your profit away... |
Hmmm, sounds like the simulator is doing a good job of simulating the real world of investing.  |
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