where are your saving?

Bobitis · 10-17-2010, 03:56 PM

I have a savings account at my CU with about 3,500 bucks in it.
I get 60 cents a month in interest.

Squeeze ME, but that ain't right.

Where ya'll got your investments tied up?

pinecone70 · 10-17-2010, 04:10 PM

Bonds.

Gun Geezer · 10-17-2010, 04:12 PM

Been wondering much the same thing. Nothing around here is paying more than 1-2 percent unless you have big bucks and are willing to tie it up for 10 years. The stock market is too crazy. Over the past 5 years, my mutual funds and IRA's have lost half their value and municipal bonds don't pay much more than bank rate's. I'd be better off putting all my investments into gold and keeping it in my gun safe. I'm beginning to see the "change" already!

carver · 10-17-2010, 05:35 PM

When you already don't have much, you don't save money. You save at the store, and you save when you get a good deal on a gun. Maybe someday ammo will be worth it's weight in Gold. If that ever happens I'll be rich!!

TheGunClinger · 10-17-2010, 06:07 PM

Quote:

Originally Posted by carver

When you already don't have much, you don't save money. You save at the store, and you save when you get a good deal on a gun. Maybe someday ammo will be worth it's weight in Gold. If that ever happens I'll be rich!!

Me too! After bullets and guns, stock up on toilet paper. That will be worth gold too if TSHTF.

Crpdeth · 10-17-2010, 09:01 PM

Beans, bullets and band-aids.

graehaven · 10-18-2010, 06:29 AM

Yep. Moved into tangible assets.

CampingJosh · 10-18-2010, 08:04 AM

I have some emergency money in a money market account with Ally Bank (Ally.com).

Other than that, we're clearing out ALL of our debt. Should be free and clear on everything by February.

Your best investment is to quit being a profit source for others.

graehaven · 10-18-2010, 03:53 PM

Got $88k left on the mortgage. I WON'T be done by February.

pinecone70 · 10-18-2010, 04:16 PM

I am going to invest in more firearms soon, as savings account interest and CD rates are in the toilet.

CampingJosh · 10-18-2010, 09:16 PM

Quote:

Originally Posted by graehaven

Got $88k left on the mortgage. I WON'T be done by February.

Yeah, I don't have a mortgage. One of the mixed blessings of my job is that there is a provided house on site. It's great that we don't have any housing payment, but we also don't end up having any equity in anything when we eventually move on.

Vladimir · 10-18-2010, 11:45 PM

I have decent savings. Hopefully by January I will have enough for a comfortable living in Moscow, plus a down payment on a house/condo stateside when I return

. I suspect a comfortable living might end up taking a bit more money, but no one ever said a down payment had to be "x" dollars

.

It stays in the bank, where, until about two month's ago, I kept it all in checking. Now transferring it to savings as I go. When you are investing small amounts of cash (I do not know what I would qualify as small, but I would call even $10,000 small) there is no investment that will pay well without huge risk. I put it into savings mostly so I can have a definitive count of what I have "saved". Checking is too fluid for that.

NRA_guy · 10-19-2010, 06:08 AM

I was having US Savings Bonds deducted at work for my grandson's college.

Now the Feds have stopped payroll deduction for Savings Bonds (I guess they were losing money on it---or the Chinese offer a better deal).

I would like to cash the bonds I have ($5,000) [screw the Fed] and start investing in something else, but I am not sure what.

I considered gold or silver but that seems rather non-liquid.

Stock are too risky.

I don't know enough about bonds.

One thing I have noticed: There are no trustworthy sources of financial advice for the common man. I am sure rich people have advisers---but recent headlines indicate that some of them are cheaters, too.

jack404 · 10-19-2010, 06:48 AM

i've a few punts on the stocks every now and again but i read a lot first , watch who develops what new stuff and who is watching , 5k max punt i've been lucky

the mineral side of Australia is doing good as supplies to china are kicking in again mainly steel for their car industry .. so have some medium long term punts there

otherwise i'm doing a bit of trading and trying new or "unique" items not available here

the silver bullet gun oil for one

my tools where my best investment and have made me some dollars

but my education on older trades and skills has paid the best

i shot and skinned over 70 foxes this winter and good few roo's

the old time tanning gives far better results on fox and roo fur than industrial methods and so i get a way above average price for the skins

bunnies where plentiful too but theres one price for rabbit so thats that ..

so i dunno about true investments so much but theres a few ways to make a buck without working full time

but savings ?? hahahaha whats that??

Jeff Midguard · 10-22-2010, 01:59 PM

Isn't it awesome how the banks got all that bailout money from the feds essentially free. Then they turn around and loan it for double-digits, and pay next to nothing for interest on savings. Firearms are probably a much better investment now.

pinecone70 · 10-22-2010, 02:03 PM

Yep. I just spoke to a rep from my bank, the best they can do for high-yield savings is .65%, yet they can give me 3% on the first $500. Sad.

AngelDeville · 10-22-2010, 02:16 PM

I have about 1k lbs in lead bars, they can be cast into any caliber, and exchanged for goods and services.

Shooter45 · 10-22-2010, 02:21 PM

Jeff Midguard · 10-22-2010, 04:32 PM

Good idea on the lead, Angel. Gold might actully have a better ballistics coefficient, but might be a bit pricy.

dons2346 · 10-22-2010, 06:49 PM

My daughter works for a bank in West LA. (That's Kalifornia to most of you). She is in upper management, not a lackey at the window.At the present time, she doesn't have a clue as to where to put your money.

fleetwood1976 · 10-22-2010, 08:36 PM

virtually no cash here.

Trouble 45-70 · 10-23-2010, 12:41 PM

Quote:

Originally Posted by AngelDeville

I have about 1k lbs in lead bars, they can be cast into any caliber, and exchanged for goods and services.

HAZMAT and EPA cops should be at your place about 02:40 tomorrow.

fleetwood1976 · 10-23-2010, 01:49 PM

cash is the worst thing to be invested in. Metals, guns, ammo, coins, scrap silver and gold. If you can buy these items at wholesale or less, put your money in these things.

Gun Geezer · 10-23-2010, 02:35 PM

An old high school buddy of mine is a financial planner. He has given me a few tips but over the past few years we have both lost our shirts in the market.(at least half our shirts) He still believes "staying the course" will, over the long run, average out to our best advantage. His argument, of course, is past performance over the last 50 years. He doesn't seem very receptive to my argument that the present economy is nothing like what we experienced in the 50 past years.
My main problem is, I'm close to 70. The long run just ain't what it used to be. I'm worried about today and hopefully tomorrow.

Bobitis · 10-23-2010, 03:49 PM

I guess what really irks me is, I can use their money at 8%, but they can use mine at .2%. That's a 97% difference.

And this is a National Guard Credit Union!

I could see a 60/40 split, or even 70/30. But 97/3?

Not only that, but my 'free' checking now costs me 5 bucks a month.
I write 3-4 checks a year.

So much for credit unions...

10-17-2010, 03:56 PM	#1
Bobitis Advanced Senior Member Join Date: Apr 2009 Posts: 6,612	where are your saving? I have a savings account at my CU with about 3,500 bucks in it. I get 60 cents a month in interest. Squeeze ME, but that ain't right. Where ya'll got your investments tied up? __________________ ^.^ A point in every direction is the same as having no point at all -->

10-17-2010, 04:10 PM	#2
pinecone70 Advanced Senior Member Join Date: Jul 2008 Location: Minnesota Gal! Posts: 4,730	Re: where are your saving? Bonds. __________________ _____________________________________________ "Miss Scarlet, in the library...with a revolver...."

10-17-2010, 04:12 PM	#3
Gun Geezer Advanced Senior Member Join Date: Oct 2009 Location: Central Florida Posts: 1,710	Re: where are your saving? Been wondering much the same thing. Nothing around here is paying more than 1-2 percent unless you have big bucks and are willing to tie it up for 10 years. The stock market is too crazy. Over the past 5 years, my mutual funds and IRA's have lost half their value and municipal bonds don't pay much more than bank rate's. I'd be better off putting all my investments into gold and keeping it in my gun safe. I'm beginning to see the "change" already!

10-17-2010, 05:35 PM	#4
carver TFF Moderator/Host Join Date: Jul 2008 Location: DAV, Deep in the Pineywoods of East Texas, just west of Shreveport, LA Contributor Posts: 11,220	Re: where are your saving? When you already don't have much, you don't save money. You save at the store, and you save when you get a good deal on a gun. Maybe someday ammo will be worth it's weight in Gold. If that ever happens I'll be rich!! __________________ Y'all be safe now, ya hear! Lamentations Chapter 5: 1. Remember, O LORD, what is come upon us: consider, and behold our reproach. 2. Our inheritance is turned to strangers, our houses to aliens. 3. We are orphans and fatherless, our mothers [are] as widows. 5. Our necks [are] under persecution: we labour, [and] have no rest. 16. The crown is fallen [from] our head: woe unto us, that we have sinned! 21. Turn thou us unto thee, O LORD, and we shall be turned; renew our days as of old.

10-17-2010, 09:01 PM	#6
Crpdeth Advanced Senior Member Join Date: Apr 2002 Location: Location: Location Contributor Posts: 8,247	Re: where are your saving? Beans, bullets and band-aids. __________________ Our greatest pretenses are built up not to hide the evil and the ugly in us, but our emptiness. The hardest thing to hide is something that is not there. ~Eric Hoffer

10-18-2010, 06:29 AM	#7
graehaven Advanced Senior Member Join Date: May 2007 Location: Upstate NY Posts: 2,853	Re: where are your saving? Yep. Moved into tangible assets. __________________ The beauty of the second amendment is that it will not be needed until they try to take it." - Thomas Jefferson RESISTANCE IS FEUDAL... PREPARE TO SERVE.

10-18-2010, 08:04 AM	#8
CampingJosh TFF Moderator/Host Join Date: Sep 2007 Location: Indiana Contributor Posts: 4,786	Re: where are your saving? I have some emergency money in a money market account with Ally Bank (Ally.com). Other than that, we're clearing out ALL of our debt. Should be free and clear on everything by February. Your best investment is to quit being a profit source for others. __________________ Nothing posted on TheFirearmsForum.com constitutes legal, accounting, gunsmithing, or other professional advice. Readers are encouraged to consult with qualified professionals for real advice. Your life is lived at your own risk. Don't blame me for the dumb things you do.

10-18-2010, 03:53 PM	#9
graehaven Advanced Senior Member Join Date: May 2007 Location: Upstate NY Posts: 2,853	Re: where are your saving? Got $88k left on the mortgage. I WON'T be done by February. __________________ The beauty of the second amendment is that it will not be needed until they try to take it." - Thomas Jefferson RESISTANCE IS FEUDAL... PREPARE TO SERVE.

10-18-2010, 04:16 PM	#10
pinecone70 Advanced Senior Member Join Date: Jul 2008 Location: Minnesota Gal! Posts: 4,730	Re: where are your saving? I am going to invest in more firearms soon, as savings account interest and CD rates are in the toilet. __________________ _____________________________________________ "Miss Scarlet, in the library...with a revolver...."

10-18-2010, 11:45 PM	#12
Vladimir Advanced Senior Member Join Date: Jan 2008 Location: Issaquah WA Posts: 3,558	Re: where are your saving? I have decent savings. Hopefully by January I will have enough for a comfortable living in Moscow, plus a down payment on a house/condo stateside when I return . I suspect a comfortable living might end up taking a bit more money, but no one ever said a down payment had to be "x" dollars . It stays in the bank, where, until about two month's ago, I kept it all in checking. Now transferring it to savings as I go. When you are investing small amounts of cash (I do not know what I would qualify as small, but I would call even $10,000 small) there is no investment that will pay well without huge risk. I put it into savings mostly so I can have a definitive count of what I have "saved". Checking is too fluid for that. __________________ -JVRR меня зовут Владимир или Джеймс. Я знаю только немного русский язык (я американец, но мой пра дедушка русски). STEAM (CSS, TF2, etc): Ask me! Xbox LIVE! GT: "Vlad is Rad" PS3 PSN: "Vlad_Is_Rad"

10-19-2010, 06:08 AM	#13
NRA_guy V.I.P. Member Join Date: May 2010 Location: Mississippi Posts: 287	Re: where are your saving? I was having US Savings Bonds deducted at work for my grandson's college. Now the Feds have stopped payroll deduction for Savings Bonds (I guess they were losing money on it---or the Chinese offer a better deal). I would like to cash the bonds I have ($5,000) [screw the Fed] and start investing in something else, but I am not sure what. I considered gold or silver but that seems rather non-liquid. Stock are too risky. I don't know enough about bonds. One thing I have noticed: There are no trustworthy sources of financial advice for the common man. I am sure rich people have advisers---but recent headlines indicate that some of them are cheaters, too.

10-19-2010, 06:48 AM	#14
jack404 Former Guest Join Date: Jan 2010 Location: Australia Contributor Posts: 17,622	Re: where are your saving? i've a few punts on the stocks every now and again but i read a lot first , watch who develops what new stuff and who is watching , 5k max punt i've been lucky the mineral side of Australia is doing good as supplies to china are kicking in again mainly steel for their car industry .. so have some medium long term punts there otherwise i'm doing a bit of trading and trying new or "unique" items not available here the silver bullet gun oil for one my tools where my best investment and have made me some dollars but my education on older trades and skills has paid the best i shot and skinned over 70 foxes this winter and good few roo's the old time tanning gives far better results on fox and roo fur than industrial methods and so i get a way above average price for the skins bunnies where plentiful too but theres one price for rabbit so thats that .. so i dunno about true investments so much but theres a few ways to make a buck without working full time but savings ?? hahahaha whats that?? Last edited by jack404; 10-19-2010 at 06:50 AM..

10-22-2010, 01:59 PM	#15
Jeff Midguard V.I.P. Member Join Date: Aug 2010 Location: Baja Arizona Posts: 233	Re: where are your saving? Isn't it awesome how the banks got all that bailout money from the feds essentially free. Then they turn around and loan it for double-digits, and pay next to nothing for interest on savings. Firearms are probably a much better investment now.

10-22-2010, 02:03 PM	#16
pinecone70 Advanced Senior Member Join Date: Jul 2008 Location: Minnesota Gal! Posts: 4,730	Re: where are your saving? Yep. I just spoke to a rep from my bank, the best they can do for high-yield savings is .65%, yet they can give me 3% on the first $500. Sad. __________________ _____________________________________________ "Miss Scarlet, in the library...with a revolver...."

10-22-2010, 02:16 PM	#17
AngelDeville Senior Member Join Date: Aug 2007 Location: ABQ Posts: 644	Re: where are your saving? I have about 1k lbs in lead bars, they can be cast into any caliber, and exchanged for goods and services. __________________ Why don't guns go off "accidentally" when people aren't around?

10-22-2010, 02:21 PM	#18
Shooter45 Administrator Join Date: Feb 2001 Contributor Posts: 8,746	Re: where are your saving? +1

10-22-2010, 04:32 PM	#19
Jeff Midguard V.I.P. Member Join Date: Aug 2010 Location: Baja Arizona Posts: 233	Re: where are your saving? Good idea on the lead, Angel. Gold might actully have a better ballistics coefficient, but might be a bit pricy.

10-22-2010, 06:49 PM	#20
dons2346 Advanced Senior Member Join Date: Aug 2009 Location: Move between WA and points south Contributor Posts: 1,415	Re: where are your saving? My daughter works for a bank in West LA. (That's Kalifornia to most of you). She is in upper management, not a lackey at the window.At the present time, she doesn't have a clue as to where to put your money. __________________ "A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks." --Thomas Jefferson, letter to Peter Carr, 1785

10-22-2010, 08:36 PM	#21
fleetwood1976 Advanced Senior Member Join Date: Feb 2009 Location: Southern Indiana Contributor Posts: 1,333	Re: where are your saving? virtually no cash here.

10-23-2010, 01:49 PM	#23
fleetwood1976 Advanced Senior Member Join Date: Feb 2009 Location: Southern Indiana Contributor Posts: 1,333	Re: where are your saving? cash is the worst thing to be invested in. Metals, guns, ammo, coins, scrap silver and gold. If you can buy these items at wholesale or less, put your money in these things.

10-23-2010, 02:35 PM	#24
Gun Geezer Advanced Senior Member Join Date: Oct 2009 Location: Central Florida Posts: 1,710	Re: where are your saving? An old high school buddy of mine is a financial planner. He has given me a few tips but over the past few years we have both lost our shirts in the market.(at least half our shirts) He still believes "staying the course" will, over the long run, average out to our best advantage. His argument, of course, is past performance over the last 50 years. He doesn't seem very receptive to my argument that the present economy is nothing like what we experienced in the 50 past years. My main problem is, I'm close to 70. The long run just ain't what it used to be. I'm worried about today and hopefully tomorrow.

10-23-2010, 03:49 PM	#25
Bobitis Advanced Senior Member Join Date: Apr 2009 Posts: 6,612	Re: where are your saving? I guess what really irks me is, I can use their money at 8%, but they can use mine at .2%. That's a 97% difference. And this is a National Guard Credit Union! I could see a 60/40 split, or even 70/30. But 97/3? Not only that, but my 'free' checking now costs me 5 bucks a month. I write 3-4 checks a year. So much for credit unions... __________________ ^.^ A point in every direction is the same as having no point at all