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Banking Secrets: How Vienna Marriott makes extra $5,000/yr

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There's a saying I came up with a while ago -- "If you don't take care of your money, someone else will be more than happy to do it for you." Have you ever wondered how exactly banks make their money? Today, Vienna Marriott joins us to share this secret with us, and how you too can benefit by making a few simple changes with your hard-earned money.Notes/Links/Transcript: http://www.moMoneyTV.com/vlog/...

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: vlogolution

Length: 07:30
Rating: 3.61
Views: 4434

Tags: ach  banking  banks  brokers  compound  eft  etf  fees  interactive  interest  marriott  paypal  trading  vienna  

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Video Comments

vangie811 (November 30, 1999 at 12:00 am)
this lady must be high!!!
TruthRaider (November 30, 1999 at 12:00 am)
Well, garima, if you think it's that funny - give me a green mark! It'll be a "first" for me!
garima1w (November 30, 1999 at 12:00 am)
hahaha very funny
garima1w (November 30, 1999 at 12:00 am)
hahaha very funny
garima1w (November 30, 1999 at 12:00 am)
hahaha very funny
garima1w (November 30, 1999 at 12:00 am)
hahaha
Peta454 (November 30, 1999 at 12:00 am)
:quote: dip stick :unquote: can also be dipsh1t
TruthRaider (November 30, 1999 at 12:00 am)
She's got all of her money stuff in her bra - $25. 'cause that's it will hold!
vlogolution (November 30, 1999 at 12:00 am)
And here's a last little hint for you. If you have less than 10K sitting around in IB not paying interest, you can park it in short-term 1-3 year treasury credit/bond ETFs such as CSJ or SHY (Lehman iShares). They may be slightly riskier than 90-day t-bills due to the slightly longer holding-period, but not much riskier. And unlike a CD, they can also be sold at anytime. You can also look back historically to see how interest rate changes affected the underlying price.
vlogolution (November 30, 1999 at 12:00 am)
you're correct, although these are more recent IB policies that were enacted over the last few years. however, the $10/mo (or $3/mo in your case) is in fact to cover the exchange fees they include with your account each month - just log into your TWS and you have real-time quotes. So, you are in fact getting something for that monthly fee. And with interest, you'll still make more after the fee than most banks are paying.

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