Category Archives: Investing

Marcus – Goldman Sachs Online Savings Account

Earn higher interest rate with Goldman online online savings account called Marcus. Annual Percentage Yield (APY) may change at any time, before or after account is opened.


– 1.60 % APY – Rates as of May 12, 2018
– No minimum deposit to open (minimum $1 to earn stated Annual Percentage Yield).
– No transaction fees.
– You can make online withdrawals from your savings accounts up to $125,000 per transaction—for higher amounts

Loyal3 is closing on May 22, 2017

Here is the email notification I received that Loyal3 brokerage is shutting down, effective May 22 2017. Loyal3 was a commission free brokerage where you could buy fractional shares. Effective May 22, 2017, LOYAL3 will transfer its customer accounts to FolioFirst.

FolioFirst is a new platform developed for LOYAL3 customers and will be available at starting May 22, 2017.

What is an Automated Investing Service ?

An automated investing service (or Robo advisor) is an alternative to traditional financial advisory services. These services use software to invest and manage a globally diversified portfolio accounts automatically.

With these services, you will be asked series of financial risk-assessment questions to to build a portfolio that meets your risk tolerance and saving goals. Based upon your risk tolerance, computer software algorithm takes care of your portfolio management and allocation (choosing the funds, re-balancing and dividend reinvestment) automatically.

What Is Commercial Paper

A short-term, unsecured financing vehicle used typically by corporations to cover immediate credit needs . It is also used by money markets as a short-term investment vehicle.

  • Commercial paper notes are short-term notes issued in denominations of $100,000 or in an integral multiple of $1,000 in excess of $100,000. The maturity of the notes cannot exceed 270 days from the date of issuance. (maturities ranging from 2 to 270 days).