04-19-2010, 01:37 PM
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#18 (permalink)
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Ahoy Fuckbag
Join Date: Sep 2008
Location: In a pineapple under the sea
Posts: 3,540
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Quote:
Originally Posted by f3lix
Guys, there are fews ways to win these days. I mean this in all honesty. Do NOT tie up your money in some 2% shithole. Not a CD. Why? Because you are LOSING money to inflation tax. Inflation tax is hitting at a MINIMUM 4% per year and upwards to 9% per year. Meaning, if you invest in a 2% paying CD or whatever, your money is worth less coming out than when it went in.
For this reason alone, I've cashed all my savings bonds (I get taxed on the interest, anyway) and am investing in stronger items like gold (which doesn't inflate.)
Blonde, your $500 is worth far more now than it will be in two years. Spend it. You'll get it back quite quickly (like... one week of work...)
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Regardless of the rate of inflation, $500 in a CD is 2% better than $500 in a checking / savings account drawing nothing.
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Quote:
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You often seem to think that the lowest-hanging-fruit makes you some sort of comedy genius. You're just not a good person. You're spiteful, constantly negative, and bring others down to make yourself feel better. I just don't have room for that.
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