I can't believe the rates on savings and certificate of deposits.
And things aren't looking any better for a long time to come. Those of us who elected to rent or share expenses living with someone instead of buying a house, thereby saving a little for the future are being punished by the housing crisis with insanely low rates.
Of course I know I'm losing money because of inflation, but where would a gal park it? Stocks or bonds?
The fluctuation is scary, too high risk for a woman like me.
Real estate? I'm told a person can get a hellva deal right now. But wait, that's what I want to avoid. Owning means dealing with things that break, roofs that leak, insurances against flood, flame and famine. Well, flood, and flame.
Ok, then, does a person invest in overseas shit. I think not. When they go under, who's gonna guarantee the investment.?
No, I'm not gonna go buy a couple sticks of gold, for one reason, I think its the next bubble to burst.
The best investment is actual food. The price is going up way faster than anything else, and a person will always need it. Just rotate it, and don't let it spoil. That would be money down the toilet.
So, I guess I'll stick with my home town bank, the FDIC insured stuff, and hope to see better days.
Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts
Certificate Renewal Is Painful
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