I tobacco by the pound and roll my own cigarettes. I paid $14.49 for it. Sense the Tax rape it is now $60.00 per pound. The cheapest I can get it is $45.00 Per Pound, but there is no way to get it because of the run on it and the discount stores will not carry it anymore due to a deposit that has to be retained for it. The cheapest generic Pack Cigarette is now $5.00. The premium Cigarettes Went off the chart. I know not Everyone is stopping smoking. I know there is a solution for us financially challenged people to continue smoking. What is it? Spill your guts, tell your secrets, tell you resources and give me and or the rest of us a reliable connection.
Oh! And FYI to those non-smokers out there. I appreciate your concern for mine and everyone elses health that uses tobacco, but this is not the question being addressed here. I am addressing those hard core, dyed in the wool tobacco users. If you are so concerned about our healths, why don’t you tell and or get everyone concerned ( medical field, government, ect.ect) to quit making it so difficult to stop useing tobacco products ie. fleecing us with the high prices of those products that enable us to stop.
You that don’t have an idea about tobacco addiction, please refrain from making any comments or remarks.
This is serious as you have no idea the affects of withdraw from tobacco use.
There is going to be a bunch of ANGRY! Grouchy! PISSED OFF! people ready to kick butt on or about the 12th hour of withdraw. It don’t make you sick or weak or any of those other things that junkies go through, You just get angry very fast and your adridline kicks in high speed and become aggressive.
Unfortunealty ladies and gentlemen, the problem with getting tobacco from sources ie. indian reservations or on-line, by the time you pay the shipping and taxes to get it into texas it come out to the same price as if I bought it here.
As far as smoking a pipe, well lets think about that, I bag tobacco, which is also used as pipe tobacco but much cheaper than pipe tobacco. Please read the question thouroughly and understand what your reading before you answer. Thank you.
A money market deposit account (MMA) is a high interest-earning account offered by a financial institution that operates under the Federal Deposit Insurance Corporation (FDIC) with limited transaction privileges mostly related to writing checks. Formally known as a money market deposit account, a MMDA functions as any regular savings account, but has higher minimum balance requirements that range between $1,000 to $2,500 and minimum number of withdrawals. Besides, it offers a higher rate of return because it is subject to the current interest rates that vary.
Advantages
(a) Liquidity
Funds in money market accounts are highly liquid and can be withdrawn as cash or transferred to other accounts.
The beneficiary may withdraw the money at any time without any fees or penalties and has easy access through checks, transfers, or ATMs. However, the withdrawals can be between three and six per month and are subject to varying withdrawals requirements. For instance, credit unions typically require a minimum deposit of $250 to open a money market deposit account and do not carry any service charge fees. On the contrary, larger banks typically charge fees and penalties when the balance falls below the minimum deposit of $5,000.
The money deposited in a money market account is invested through the bank or credit union, which collects the return. The interest paid to the account beneficiary remains in the account, but the bank lends that money to other accounts by charging a slightly higher interest for the loan than the interest paid to the account beneficiary. Therefore, the bank makes money by selling money, but it offers the flexibility to the account beneficiary to get the money instantly, without having to pay any penalties.
(b) Safety
Money market accounts are a safe investment, although their interest rates are low, because they are insured by the FDIC up to $250,000 or even a higher amount if they are linked to certain property investments. This means that, in case of liquidation of the bank, the insured deposits will be made by the FDIC as soon as possible either by cash or by offering to the depositor a transferred deposit of equal amount to a new insured institution.
FDIC is being kept solvent by the US Congress to ensure it can cover cases of emergency. However, there are certain scenarios that could possibly undermine the FDIC’s solvency. Such scenarios could be a credit crisis that occurs simultaneously with a general funding emergency; a war that deteriorates financial situation at home; an economic war with China.
(c) Interest
Money market deposit accounts earn higher interest than savings accounts. Nevertheless, they fall below the market average of interest on growth investment vehicles, such as stocks, mutual funds and long-term certificates of deposit (CDs). A money market deposit account offers investors returns as high as a short-term CD and it does not provide substantial enough interest payments to provide for long-term gains.
The interest rate is subject only to the amount of money that has been deposited and is not associated to the maturity date as it happens with the certificates of deposit (CDs). This enables investors to collect their cash any time, depending upon their investment plan. Besides, although interest rates in money market deposit accounts are lower than those of certificates of deposit, they enable investors to stay ahead of inflation.
Disadvantages
Money market deposit accounts have their disadvantages as well.
(a) Minimum withdrawals
Money market deposit accounts allow few withdrawals per month, when dealing with third parties. In general, banks try to discourage investors from exceeding their minimum or maximum limits because there are fees involved. If the money market account falls below the minimum required balance, or it exceeds the limited number of transactions, the beneficiary pays high fees. In some cases, banks are closing the accounts in an effort to convince customers to limit their transactions. However, ATM transactions are not included.
(b) Higher balance requirements
For investors who anticipate needing a healthy portion of their savings at any time, money market deposit accounts may not be the best option. A MMDA typically requires a higher balance than a savings account, and penalizes the beneficiaries if it drops below the minimum.
Overall, money market deposit accounts are a good option for retirees or investors who prefer to earn a high interest on their money with the least possible risk, while maintaining direct access to their funds and being insured against loss. For a long-term horizon, other accounts may offer even higher interest, but they may be more risky. Generally, investors prefer money market deposit accounts because they are flexible and safe.
Christina Pomoni has acquired her MBA Finance from the American College of Greece. Her advanced familiarity with financial statement analysis, capital budgeting and market research has been acquired through her professional career at high-esteemed organizations. As part of her long journey, Christina has served as an Equity Research Associate at Telesis Securities (EFG Eurobank) and a Financial & Investment Advisor at ING Group. Besides, having lived at Chicago, IL, Boca Raton, FL and Paris, France has helped her, not only to be a successful professional, but mostly to see life under a more creative and innovative perspective.
Since 2005, Christina provides high quality writing services to numerous websites and research companies contributing her knowledge and expertise. Her areas of specialization are Business, Finance & Investment, Society, Politics & Culture. She also has a very good knowledge of Entertainment, Health & Fitness and Computers & Technology.
Christina currently designs the website of her own writing company. Believing that knowledge is the road to opportunity and development, her mission is to promote her already established knowledge to a growing number of visitors and to provide high quality writing services to meet the most demanding customer requirements.