where are your saving?

Discussion in 'General Discussion' started by Bobitis, Oct 17, 2010.

  1. fleetwood1976

    fleetwood1976 Active Member

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    Feb 22, 2009
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    1,416
    Location:
    Southern Indiana
    virtually no cash here.
  2. Trouble 45-70

    Trouble 45-70 New Member

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    Apr 10, 2009
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    NE Ar. W. of Black River
    HAZMAT and EPA cops should be at your place about 02:40 tomorrow.
  3. fleetwood1976

    fleetwood1976 Active Member

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    Location:
    Southern Indiana
    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.
  4. Gun Geezer

    Gun Geezer Well-Known Member

    Joined:
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    1,999
    Location:
    Central Florida
    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.
  5. Bobitis

    Bobitis Guest

    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.:mad:

    And this is a National Guard Credit Union!:eek:

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

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

    So much for credit unions...:(
  6. NRA_guy

    NRA_guy Member

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    May 31, 2010
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    288
    Location:
    Mississippi
    States have usury laws that limit interest rates, but Uncle Sam knows better than the states:

    http://en.wikipedia.org/wiki/Usury

    http://www.lectlaw.com/files/ban02.htm
  7. Rocketman1

    Rocketman1 Well-Known Member

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    Location:
    Columbus, Ohio
    Stock up on guns, ammo, food and survival gear. If this country goes belly up, (which it will) any money you invest in a bank, bonds, IRA or 401k will be gone, gone, gone.
  8. Jeff Midguard

    Jeff Midguard New Member

    Joined:
    Aug 31, 2010
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    Location:
    Baja Arizona
    Good Luck Geezer, and everyone else approaching retirement. You're right that it aint like it used to be. Cash is definitely a bad idea. Currency devaluation might be one of the only options available to reduce the deficit.
    Keep in mind that your advisor will be among the unemployed if he can't instill a certain amount of confidence in his investors.
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