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iBoaterer[_2_]

August 11th 12 02:39 PM

America's Navy...

In article , dump-on-
says...

On 8/10/12 7:04 PM, BAR wrote:
In article ,
says...

On Fri, 10 Aug 2012 08:18:15 -0400, X ` Man
wrote:

On 8/10/12 8:12 AM, BAR wrote:
In article ,
says...

Simple minded guy.

Get used to it. Lots of Gen X and millennial will be saying this when
the cost of those entitlements start showing up on their W-2

I am 51 and I have planned my retirement to not expect any government
handouts.

There's always the hope you'll be wiped out by more shenanigans on Wall
Street. Then you can start a new career as a Wal-Mart greeter, thus
proving the validity of the Peter Principle.

Harry, What's your plan, when the financial system crashes?
I bet your union pension is invested in Wall Street too.
Where are your personal investments?

Harry is the perfect example of the desire to perpetuate the nanny
state. I am in a position not to be a burden on society, my children,
the rest of my family and all Harry can say is that he hopes I am wiped
out.

You are lacking compassion.

He lacks compassion because he's positioned him self to not be a
monetary burden on society and his children???

BAR[_2_]

August 11th 12 04:44 PM

America's Navy...

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.

JustWait[_2_]

August 11th 12 06:20 PM

America's Navy...

On 8/11/2012 11:11 AM, wrote:
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.

Most food and milk, gas, oil, everything is up at least 50% increase in
the last three years... It's not like we didn't know the economy would
go with gas though.

iBoaterer[_2_]

August 11th 12 08:43 PM

America's Navy...

In article , says...

On 8/11/2012 11:11 AM, wrote:
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.

Most food and milk, gas, oil, everything is up at least 50% increase in
the last three years... It's not like we didn't know the economy would
go with gas though.

Horse****!~

BAR[_2_]

August 12th 12 12:46 AM

America's Navy...

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.

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