I received my PayPal dividend for the month of September several days ago, but kept forgetting to post about it until now. This time around, my share amounted to $12.89 — a number that I’m happy with, particularly considering all the turmoil in the financial markets. From what I understand, the PayPal money market is NOT FDIC insured, which means that my actual balance could drop. It hasn’t thus far, but I’m seriously considering removing my money from PayPal and putting it into an FDIC-insured bank account.
Am I being an alarmist? Perhaps. But why wait until I lose money to act? Come to think of it, knowing how much I give in to procrastination, that’s probably exactly what will happen!