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BAR[_2_]

In article ,
says...

On Sat, 11 Aug 2012 11:44:44 -0400, BAR wrote:

In article ,
says...

On Sat, 11 Aug 2012 08:14:53 -0400, BAR wrote:

In article ,
says...

On Fri, 10 Aug 2012 19:17:56 -0400, BAR wrote:

Look at Cardinal Bank in Virginia, they offer a pretty good interest
rate on checking accounts.

Money in the bank is always slow bleeding. Inflation will eventually
eat up any profits you would ever see.

You can get 2% up to $100,000.

Anyone who actually believes inflation is under 2% does not do the
shopping in their house.

2% is better than than 1/2 percent.

It is just slower bleeding.

The fact remains that Wall Street is really the only investment that
hopes to keep up with inflation.
Certainly there are always going to be winners and losers but that is
why we have fund managers. My 401k is still double what it was in 1996
when I stopped putting money in it. That is a 4.5% annual gain over 16
years using the 72 rule.
My personal equities are actually doing better than that.

If you need to park some cash you can do worse than earning 2% a year.