I'm a 22 year old guy that just got started with my company's 401(k) a few months ago. Which elections should I choose, and what percentage should I put towards each?
It is in a bank account right now and it is getting 0.89% interest. I want to buy a motorcycle in a few months, but if i make a good return on this money than the motorcycle can wait. I just wanted ...
My wife and I are starting life, so to speak, and I have come to the conclusion that we are somewhat horrible with money. While we make it paycheck to paycheck with comfort and enough to spend, it is ...
I am looking for very low commissions and hoping to find an online brokering firm where I can trade small amounts of stocks easily and without losing money to fees. Also, my starting balance is small ...
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Hi,
i'v never bought shares in my life and dont have any clue what share market is all about,i would like to invest in shares though,i'm looking to start with £500pounds and see how ...
Why do people in the UK not put their money on a German bank account?
In the UK, only 50,000 pounds are protected per bank account. In Germany (e.g. Sparkasse or Volksbank) all your money is protected - even if it was 10 million. So why do people leave their money on British bank accounts and risk loosing part of their money (if they have more then 50,000 pounds) ? Additional Details With German bank I don't mean the "Deutsche Bank" - I mean one of the "public banks" that are a federation of thousands of banks that will "buy" any bank that gets into trouble to insure that the money for the customers is always safe.
Probably because NO-ONE has faith in ANY banks at the minute.
Just look at Iceland for example.
oldgrumpy
Considering the present 'Iceland' crisis, I think it would be wise to steer clear of all foreign banks.
Usually, the better the offers of interest and conditions - the higher the risk.
This sort of turmoil could easily breed international tension !
NightTrainWooWoo
Because it's the only bank left!
London NW3
Currency conversion risk.First to put into bank and then to draw out again.If the Euro appreciates or depreciates against pound you could have a lot less than when you started
oldnodd
it might not be a good idea to start promoting mass exodus from the British banks! No stampedes please!
betmoneyonit2
Uh huh, put money in German banks where the value is falling like a rock, when they can simply divide their assets and spread it out, or put it in American banks where the value is climbing like a tree rat and each account is insured to 250k.
That makes no sense what so ever and exactly why it should be a capital offense for a socialist to every mutter the word economics.
Suburban
The simple answer to that is the British people are not THAT well informed.
Did the German bank advertise in the popular newspapers?
Or on TV?
No, I didn't think so
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