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Old 06-25-2011, 02:01 PM   #1
RyuLion
 
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:mad PayPal Money Market Fund is Closing.... FUCK!!!!!!!!

Got a lot of money from this since 2001..

Hello Alex,

Thanks for using PayPal and the PayPal Money Market Fund. Unfortunately, we?ve decided to close the Money Market Fund, effective 7/29/11.

What does this mean for you? PayPal will transfer any undisbursed dividends you?ve earned into your PayPal account within 7 business days after we close the fund. Don?t worry; you don?t have to do a thing.

Your 2011 tax documents will continue to be available on the Fund Summary page in your PayPal account throughout 2012. You?ll receive a tax statement from PayPal only if you?ve earned $10 or more in dividends in 2011.

Thanks for your understanding,
PayPal
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Old 06-25-2011, 02:04 PM   #2
Seth Manson
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go bite their ass
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Old 06-25-2011, 02:09 PM   #3
PornMD
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Yea, I'm going to miss earning 0.05% annually on my money. Links pulled.
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Old 06-25-2011, 02:48 PM   #4
woj
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it used to be pretty decent, good for free couple of beers each month without having to do anything... but now a days with 0.05% rate, it's hardly a loss...
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Old 06-25-2011, 02:56 PM   #5
RyuLion
 
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go bite their ass
Already did it..
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Old 06-25-2011, 06:20 PM   #6
Altwebdesign
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Already did it..
Wouldnt expect anything less!
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Old 06-25-2011, 06:25 PM   #7
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Good lord.. you guys kidding me? Bank are paying 0.25% on a regular savings account these days and your sinking your money into 0.05% dividends?
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Old 06-25-2011, 06:27 PM   #8
GAMEFINEST
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There goes that
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Old 06-25-2011, 06:28 PM   #9
SallyRand
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Quote:
Originally Posted by RyuLion View Post
Got a lot of money from this since 2001..

Hello Alex,

Thanks for using PayPal and the PayPal Money Market Fund. Unfortunately, we?ve decided to close the Money Market Fund, effective 7/29/11.

What does this mean for you? PayPal will transfer any undisbursed dividends you?ve earned into your PayPal account within 7 business days after we close the fund. Don?t worry; you don?t have to do a thing.

Your 2011 tax documents will continue to be available on the Fund Summary page in your PayPal account throughout 2012. You?ll receive a tax statement from PayPal only if you?ve earned $10 or more in dividends in 2011.

Thanks for your understanding,
PayPal
It means that it costs more to run than it earns............................................. ........

Why would you trust one thin dime of your money to Paypal in the first place?
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Old 06-25-2011, 06:37 PM   #10
scubadiver626
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Money market with fluctuating interest rates, compounding = good stuff.

If he would have invested in equities at the peak in 2000 or 2007, he'd be at a loss atm.

Money market is safe and makes sense at times. Have an exit strategy with your stocks and use it.
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Old 06-26-2011, 01:39 AM   #11
Chosen
 
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go bite their ass
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Already did it..
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Old 06-26-2011, 02:47 AM   #12
Twoface31
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ummmmmmmmm what is this
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Old 06-26-2011, 04:21 AM   #13
seeandsee
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better put all money on forex market
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Old 06-26-2011, 05:27 AM   #14
CyberHustler
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Why would you trust one thin dime of your money to Paypal in the first place?
Maybe because they've been around for like 13 years... More trustworthy than any "adult" money transfer service.
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