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.

It is still an investment. Where exsactly do you think banks get the
funds to make loans to anyone? Do you believe they just print their
own to loan out. That money comes from savings, CDs interest paid to
the banks on loans etc.

Funny, I point out that Hilton has her money invested regardless of
how she got it and you want to change the cubject by whining about
whether or not she has any lucrative investments.
Chances are she has her money in stocks and bonds and such thus her
money is being used by many more than just herself.