Piggy Bank America

Fortune notes that  Bank America dividend return is currently close to 5% .

As this is an order of magnitude higher that the bank's basic savings account rates, one wonders how many such accounts will survive the depositors discovery that, instead of giving Bank America $5000 in order to reap the one-tenth to one-half percent interest currently offered, customers can realize rates eight to fifty times higher by buying 100 shares of the bank's highly liquid stock online?

To how many other Big Board banks do similar equity equations apply?  Major online brokerages offer turnaround costs for 100 share transactions from $20 to $50.

Comments

[Tim Worstall]

A couple of years back in the UK there was an even better one. Fixed rate mortgages were below the dividend return on the FTSE 100. The advice was to remortgage as much as you could and fill your boots with stock.

[Oddball]

Dear Dr. Seitz,

My folks taught me not to take financial advice from strange Physicists, but it made sense to me, especially since there is a sale right now on Bank of America stock. I got a few dozen shares and it only cost me $5 commission.

[Viagra Online]

Piggy bank (sometimes penny bank or money box) is the traditional name of a coin accumulation and storage receptacle; it is most often, but not exclusively, used by children. The piggy bank is known to collectors as a "still bank" as opposed to the "mechanical banks" popular in the early 20th century. These items are also often used by corporations for promotional purposes. Their shape is most often that of a little pig.

Piggy banks are typically made of ceramic or porcelain, and serve as a pedagogical device to teach the rudiments of thrift and savings to children; money can be easily inserted, but in the traditional type of bank the pig must be broken open for it to be retrieved. Most modern piggy banks, however, have a rubber plug located on the underside; others are made of vinyl and have a removable nose for easy coin access. Some piggy banks incorporate electronic systems which calculate the amount of money deposited.

[generic viagra]

good blog, this topic is really interesting, thanks for sharing, my contribution here.
http://www.xlpharmacy.com/viagra/generic.php
http://www.safemeds.com/viagra/generic.html
Theresa G. Link
4365 Pineview Drive
Mankato, MN 56 001

[Health News]

Thank you for introducing me the wonderful information.And .....Totally boring.!