On Mon, 19 Sep 2011 22:17:23 +0900, Brenda Ann wrote:

"First Post" wrote in message
...

Even if it is sitting in a bank savings account it is invested. Seems
one of the problems with the liberal mentality is very few of you
financially illiterate doofuses actually know what investing is.



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You haven't been out much lately, have you? Bank savings accounts, and
that includes CD's and IRA's, are not an investment. They don't even
keep up with rising prices or the devaluation of the dollar. Best I've
seen even for an IRA in about two years is around 2.5%. Savings doesn't
even make a full percentage point. Interest on a checking account is a
joke, and not even a funny one... in the 1/100ths of a percentage point.

Most pay between 6 and 25% interest on a credit card, the lucky ones at
the lower end. But you can barely earn a small fraction of that on what
YOU give to the bank.