PayPal Money Market Fund is Closing.... FUCK!!!!!!!!
 

Got a lot of money from this since 2001.. :Oh crap

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

go bite their ass

Yea, I'm going to miss earning 0.05% annually on my money. Links pulled.

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... :2 cents:

Already did it..:1orglaugh

Wouldnt expect anything less!

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?

There goes that

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?

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.

:1orglaugh:1orglaugh:1orglaugh

ummmmmmmmm what is this :)

better put all money on forex market :)