Re: ING Direct vs Emigrant Direct Bank
My first xfer to E.D. went off just fine no hitches. See ya ING! (for now that is).
Any of us who have studied or work(ed) in the financial field know about the theory of efficient markets. That is, one can really never beat the market on a consistent long term basis. Reason is, the law of large numbers. Once everyone finds out about a good investment (or savings acct) it's just a matter of time that the return of that investment will be diminished. In other words, E.D. will only keep this rate as long as they need the dinero. Once everyone floods into this rate they, like ING, will trail the next "E.D." But for now, that's why I decided to get in early. Long live competion in the markets!
Way to go the E.D.'s of the world!
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