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Communist Party Liberal Fascists to "Occupy Wall Street"
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. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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. |
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