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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Gator1984 ✭  😊 😞
Number: of 4769 
Subject: Re: Apple Goldman account
Date: 04/18/23 9:20 PM
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No. of Recommendations: 2
There are plenty of 4% money market savings accounts around. So it has an Apple logo on it. Big deal? Apple/Goldman can only pay 4% if they can find a way to deploy the funds earning higher than 4% net of expenses. It is not like Apple can just use the funds to buy back shares. They have to buy earning assets with appropriate risk and duration. This will be part of an FDIC insured bank. I just don't see it as a gamechanger.

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