Logging into my Emigrant Direct account today I noticed, to my dismay, they had once again lowered their yield on the American Dream Savings Account - now down to 3.30%. Yikes! It looks like HSBCDirect is still holding at 3.55%, but I except their yield to drop quickly as well.
I have to admit, it’s a bit depressing to be an investor right now. It’s difficult to make money in stocks, and yields are shrinking. What’s a regular joe-schmoe consumer to do? Stick to the plan, I say. I feel I’m getting some great bargains on stocks in my retirement account that will pay off years down the road.
