Anyone use ING?

[sherman]

Transfered money from my checking account to on eof my daughters savings account today...literally took less then 10 seconds from logging on to site to transaction complete...amazing....i LOVE ING.....

 

[finite]

Inflation is running at 5%. 4% interest = losing money.

 

[juice]

last month was the 1st month inflation went over 4%, so you probably arent losing money.

 

[ConansHammer]

i have been in the money bizz for a while and in the end the best thing that you can do is put 90% of your money into stuff that is absolutely safe.

The other 10% should be put in to once or twice a year opportunities.
Wait until a no brainer financial sitution happens. The current oppurtunity( soon to end) is shorting oil. Before that it was going long on gold. Before that shorting tech.

I love places like ING. Stay there until you can get 8 % on guaranteed money from them or someone else. The first "legit "companies to be offering this kind of long term rate will be from the life industry.

 

[sherman]

Inflation is running at 5%. 4% interest = losing money.

not true....

 

[LEYKIS101]

I found the published current inflation rate in Sept. to be 4.69%, but YTD I would say we're averaging about 3.25-3.5%.