Law School Discussion

Home Ownership and Wealth Building

A.

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Re: Home Ownership and Wealth Building
« Reply #500 on: May 11, 2007, 05:14:12 AM »
why throw money/equity away?

While that sounds nice in the abstract, I think the article shows how one can (and right now, probably does) throw away money by buying a house/how one actually builds more "equity" by renting and investing what you saved.

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Re: Home Ownership and Wealth Building
« Reply #501 on: May 21, 2007, 06:54:10 AM »
How many people here have online savings accounts?  With whom and why?

if you don't have an online savings account, why not?

(I wish I could organize this as a poll)

pikey

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Re: Home Ownership and Wealth Building
« Reply #502 on: May 21, 2007, 06:59:09 AM »
How many people here have online savings accounts?  With whom and why?

if you don't have an online savings account, why not?

(I wish I could organize this as a poll)

I don't have one because I don't live in the US.  I'm definitely gonna open one either next week or in August.  I might just go with HSBC because they are a well known intl bank yet still have a great rate, but I'll definitely research it more when the time comes.

Re: Home Ownership and Wealth Building
« Reply #503 on: May 21, 2007, 07:02:38 AM »
How many people here have online savings accounts?  With whom and why?

if you don't have an online savings account, why not?

(I wish I could organize this as a poll)

hsbc online account

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Re: Home Ownership and Wealth Building
« Reply #504 on: May 21, 2007, 07:03:01 AM »
How many people here have online savings accounts?  With whom and why?

if you don't have an online savings account, why not?

(I wish I could organize this as a poll)

I don't have one because I don't live in the US.  I'm definitely gonna open one either next week or in August.  I might just go with HSBC because they are a well known intl bank yet still have a great rate, but I'll definitely research it more when the time comes.

If you're going to be using the account primarily in the U.S., there are definitely better deals.  FNBO Direct is the best one right now: 6% until the end of September.

A.

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Re: Home Ownership and Wealth Building
« Reply #505 on: May 21, 2007, 07:04:01 AM »
How many people here have online savings accounts?  With whom and why?

if you don't have an online savings account, why not?

(I wish I could organize this as a poll)

Lol do I have to answer this?  I'm a bank hopper, like you ;).

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Re: Home Ownership and Wealth Building
« Reply #506 on: May 21, 2007, 07:04:24 AM »
HSBC gets on my nerves in terms of their timing, but you certainly do get the "bang" of having all the ATMs worldwide.  i'm a bit of a rate-chaser but maybe you are right that hunkering down and sticking to one gives you more peace of mind.

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Re: Home Ownership and Wealth Building
« Reply #507 on: May 21, 2007, 07:05:31 AM »
Or just open HSBC and a better account, then transfer money into HSBC when you're going to be abroad.

Re: Home Ownership and Wealth Building
« Reply #508 on: May 21, 2007, 07:05:41 AM »
HSBC gets on my nerves in terms of their timing, but you certainly do get the "bang" of having all the ATMs worldwide.  i'm a bit of a rate-chaser but maybe you are right that hunkering down and sticking to one gives you more peace of mind.

I've never used the atm card that comes with the account

pikey

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Re: Home Ownership and Wealth Building
« Reply #509 on: May 21, 2007, 07:06:51 AM »
How many people here have online savings accounts?  With whom and why?

if you don't have an online savings account, why not?

(I wish I could organize this as a poll)

I don't have one because I don't live in the US.  I'm definitely gonna open one either next week or in August.  I might just go with HSBC because they are a well known intl bank yet still have a great rate, but I'll definitely research it more when the time comes.

If you're going to be using the account primarily in the U.S., there are definitely better deals.  FNBO Direct is the best one right now: 6% until the end of September.

I think at the end of the summer I'm gonna liquidate my mutual fund and put it all it an online savings acccount.  Don't wanna be too risky with my law school money!  I'm only gonna use it in the US, so I'll just look for the best deal going.