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Re: Savings account [Re: Born] #6447111 01/31/19 07:22 PM 01/31/19 07:22 PM
Joined: Jul 2017 Posts: 2,672 Ohio W Willy Firewood trapper
Willy Firewood trapper W Joined: Jul 2017 Posts: 2,672 Ohio	Investing in gold, silver, and lead is sometimes a wise investment. The economy crash of October seriously hurt many folks. I need oil and natural gas prices to rise. Our money market portfolio was diversified - we had stock in both Coke and Pepsi. Seriously. FRAC LIVES MATTER

Re: Savings account [Re: Born] #6447120 01/31/19 07:35 PM 01/31/19 07:35 PM
Joined: Jan 2009 Posts: 6,683 PA G gryhkl trapper
gryhkl trapper G Joined: Jan 2009 Posts: 6,683 PA	Most our money is in the maket. I manage most of the stock account and our ROTHs myself. Those have done very well. We have a traditional IRA managed by "professionals" that I haven't contributed to since 2002-It hasn't matched the market. I have been lucky, but I'm getting nervous enough that I'm planning on meeting with a fee-only financial advisor. Anybody have any tips about where to find the best?

Re: Savings account [Re: RKG] #6447193 01/31/19 08:53 PM 01/31/19 08:53 PM
Joined: Jul 2016 Posts: 296 NE Wisconsin DecoyMacoy trapper
DecoyMacoy trapper Joined: Jul 2016 Posts: 296 NE Wisconsin	Originally Posted by RKG Not to hijack the thread, but it really irks me when we are so easily distracted by what the news, or politicians, or whoever, want us to see and believe. Forget the wall for a minute, either side of the argument- Look at the personal financial trouble our countrymen, and by extension, we are in. Look at the financial trouble our nation is in. I gave a presentation 2 weeks ago and asked if anyone could imagine what a trillion dollars looked like. Sparing all the details and build up: If you stacked 100 dollar bills on a standard pallet (42x42) and went 3 feet high, a trillion dollars would fill a football field, including the endzones. Our current debt is $22 trillion- 22 football fields worth of 100 dollar bills stacked on pallets. Our current year deficit is another football field of stacked 100 dollar bills..... How is this ever going to be mitigated? Who is ever going to bring it up? Everything, from BOTH sides of the aisle, is smoke and mirrors.

Re: Savings account [Re: Born] #6447202 01/31/19 08:59 PM 01/31/19 08:59 PM
Joined: Jan 2007 Posts: 87 Frederick, Maryland S stoney trapper
stoney trapper S Joined: Jan 2007 Posts: 87 Frederick, Maryland	Big banks care about fees first, interest second. Keep your savings to live off of in a bank you're comfortable with. Put what you can in index funds or ETFs. Let your money work for you while you sleep. The nine most terrifying words in the English language are, "I'm from the government and I'm here to help."

Re: Savings account [Re: stoney] #6447265 01/31/19 10:22 PM 01/31/19 10:22 PM
Joined: Dec 2006 Posts: 11,335 East-Central Wisconsin B bblwi trapper
bblwi trapper B Joined: Dec 2006 Posts: 11,335 East-Central Wisconsin	I have not been able to find current national debt data or our GDP or total economic activity in dollars, but what I would be interested in is, is this. Is our national economy while strong and growing, growing faster or slower than our national debt? We better be able to grow faster as a national economy with 3-4% UE instead of national debt or we will be at a point where the debt will consume the entire federal budget. That may take a generation but we seem to be on that path. Some help please If we grow our national debt 1 trillion per year with 300 million citizens that means 3,333 dollars of additional debt per year. If we half that it is 1660. If the average tax payer is getting a 1200 tax savings that to me does not compute long term in helping citizens obtain financial security. Bryce Last edited by bblwi; 01/31/19 10:26 PM.

Re: Savings account [Re: Born] #6447443 02/01/19 01:38 AM 02/01/19 01:38 AM
Joined: May 2010 Posts: 10,471 mn north of blakely S Steven 49er trapper
Steven 49er trapper S Joined: May 2010 Posts: 10,471 mn north of blakely	http://www.usdebtclock.org/# Bryce, here is a pretty good resource too look up the US debt and a bunch of other useful info. According to this GDP has risen 128 percent since 2000, Since 2000, the national debt has risen by approximately 380 percent. Our economy is run by debt and let's not forget about Quantitative Easing. "Inflation is always and everywhere a monetary phenomenon". Milton Friedman.

Re: Savings account [Re: Born] #6447502 02/01/19 07:24 AM 02/01/19 07:24 AM
Joined: Mar 2009 Posts: 1,432 Akron, Ohio bass10 trapper
bass10 trapper Joined: Mar 2009 Posts: 1,432 Akron, Ohio	I agree with most, if you're looking for your money to make you money then why would you have one penny in savings? That should just be a cushion if ever needed but I just put cash in my safe at home. ETF's are a great way to go. There are plenty of liquid investments you can get into. "The more people I meet the more I love my dog!"

Re: Savings account [Re: Born] #6447554 02/01/19 08:44 AM 02/01/19 08:44 AM
Joined: Aug 2012 Posts: 3,986 South Dakota R Rat Masterson trapper
Rat Masterson trapper R Joined: Aug 2012 Posts: 3,986 South Dakota	Pot farms in Mn.

Re: Savings account [Re: Born] #6447556 02/01/19 08:46 AM 02/01/19 08:46 AM
Joined: May 2010 Posts: 28,978 potter co. p.a. P pcr2 "Twerker"
pcr2 "Twerker" P Joined: May 2010 Posts: 28,978 potter co. p.a.	TimBer

Re: Savings account [Re: Born] #6447558 02/01/19 08:46 AM 02/01/19 08:46 AM
Joined: Dec 2015 Posts: 2,889 NNY 0 080808 trapper
080808 trapper 0 Joined: Dec 2015 Posts: 2,889 NNY	In NY also.

Re: Savings account [Re: Born] #6447561 02/01/19 08:49 AM 02/01/19 08:49 AM
Joined: May 2010 Posts: 28,978 potter co. p.a. P pcr2 "Twerker"
pcr2 "Twerker" P Joined: May 2010 Posts: 28,978 potter co. p.a.	pot farms in ny yes,timber in ny NO.

Re: Savings account [Re: Born] #6447584 02/01/19 09:13 AM 02/01/19 09:13 AM
Joined: Aug 2008 Posts: 16,240 ny U upstateNY trapper
upstateNY trapper U Joined: Aug 2008 Posts: 16,240 ny	I wanted to get some 401k money out of the stock market,so I flipped some into a CD at 2.50%. Now that's not GREAT,,but Its in a safe account with no stock market gamble. the wheels of the gods turn very slowly

Re: Savings account [Re: upstateNY] #6447636 02/01/19 09:58 AM 02/01/19 09:58 AM
Joined: Jan 2010 Posts: 397 sw minn. Flipper trapper
Flipper trapper Joined: Jan 2010 Posts: 397 sw minn.	U Originally Posted by upstateNY I wanted to get some 401k money out of the stock market,so I flipped some into a CD at 2.50%. Now that's not GREAT,,but Its in a safe account with no stock market gamble. At 2.5% you are loosing money against inflation. When the market goes down it always trends back up leave your money in the market so you can ride the wave back up. Smart investors pour money into a down market let time in the market work for you. Buy low sell high that's how to make money

Re: Savings account [Re: RKG] #6447724 02/01/19 11:21 AM 02/01/19 11:21 AM
Joined: Dec 2006 Posts: 7,423 Blue Creek, Ohio Hal "old windy fartbag"
Hal "old windy fartbag" Joined: Dec 2006 Posts: 7,423 Blue Creek, Ohio	Originally Posted by RKG if you slice the American financial system down the middle- the majority cannot withstand more than 2 or 3 weeks of monetary stress. It needs to be addressed. It is not the "American financial System". It is the Americans. Its not a matter of "can't" save for a rainy day, it's a matter of "won't" save for a rainy day. And people act like this is a new phenomenon. It's been going on forever. It is not instinctive to save. I don't know how you teach people this. It's seems pretty straightforward to me. But i'm not here to hold their hand or listen to them crybaby about it when it bites them on the butt. La pervenche est une trï¿½s belle couleur!!

Re: Savings account [Re: Hal] #6447727 02/01/19 11:24 AM 02/01/19 11:24 AM
Joined: Dec 2006 Posts: 7,161 Three Lakes,WI 72 C corky trapper
corky trapper C Joined: Dec 2006 Posts: 7,161 Three Lakes,WI 72	Originally Posted by Hal Originally Posted by RKG if you slice the American financial system down the middle- the majority cannot withstand more than 2 or 3 weeks of monetary stress. It needs to be addressed. It is not the "American financial System". It is the Americans. Its not a matter of "can't" save for a rainy day, it's a matter of "won't" save for a rainy day. And people act like this is a new phenomenon. It's been going on forever. It is not instinctive to save. I don't know how you teach people this. It's seems pretty straightforward to me. But i'm not here to hold their hand or listen to them crybaby about it when it bites them on the butt. x2 http://www.usdebtclock.org/

Re: Savings account [Re: Flipper] #6447729 02/01/19 11:25 AM 02/01/19 11:25 AM
Joined: Aug 2008 Posts: 16,240 ny U upstateNY trapper
upstateNY trapper U Joined: Aug 2008 Posts: 16,240 ny	Originally Posted by Flipper U Originally Posted by upstateNY I wanted to get some 401k money out of the stock market,so I flipped some into a CD at 2.50%. Now that's not GREAT,,but Its in a safe account with no stock market gamble. At 2.5% you are loosing money against inflation. When the market goes down it always trends back up leave your money in the market so you can ride the wave back up. Smart investors pour money into a down market let time in the market work for you. Buy low sell high that's how to make money I don't have to ride anything.Its a guaranteed 2.5% with zero chance of loss due to a down market.To each his own. the wheels of the gods turn very slowly

Re: Savings account [Re: Born] #6447770 02/01/19 12:15 PM 02/01/19 12:15 PM
Joined: May 2010 Posts: 10,471 mn north of blakely S Steven 49er trapper
Steven 49er trapper S Joined: May 2010 Posts: 10,471 mn north of blakely	You did all right Upstate. If I am recalling correctly aren't you retired or about to retire? "Inflation is always and everywhere a monetary phenomenon". Milton Friedman.

Re: Savings account [Re: Born] #6447776 02/01/19 12:22 PM 02/01/19 12:22 PM
Joined: Aug 2011 Posts: 1,600 Ohio N newtoga trapper
newtoga trapper N Joined: Aug 2011 Posts: 1,600 Ohio	I agree with Hal, people won’t save. I maxed 401, saved and invested in vacant ground and retired 10 years early. lifetime member NTA, OSTA, GTA

Re: Savings account [Re: Steven 49er] #6447884 02/01/19 03:05 PM 02/01/19 03:05 PM
Joined: Aug 2008 Posts: 16,240 ny U upstateNY trapper
upstateNY trapper U Joined: Aug 2008 Posts: 16,240 ny	Originally Posted by Steven 49er You did all right Upstate. If I am recalling correctly aren't you retired or about to retire? been retired for 3 months now.Had 40 years in the United Steelworkers Union. Last edited by upstateNY; 02/01/19 03:08 PM. the wheels of the gods turn very slowly

Re: Savings account [Re: Born] #6452284 02/05/19 10:05 PM 02/05/19 10:05 PM
Joined: Jul 2017 Posts: 2,672 Ohio W Willy Firewood trapper
Willy Firewood trapper W Joined: Jul 2017 Posts: 2,672 Ohio	We are retired, but I went back to work. Started a business to be able to afford retirement. So not really retired. I primarily manage our retirement finances to make the money work for us. Today I went bank shopping for terms on cds. The best rate I found is 3% for 15 months. They would not negotiate for a better rate. A cd is good for peace of mind and fewer sleepless nights in a declining market. October was a micro depression. Some large funds lost 6% of value in one month. The cd rate is far better than mismanagement by a financial adviser. I remember long ago getting 20% interest on a savings account when inflation was out of control. Vehicles were being repossessed and homes forclosed upon. Hopefully inflation will not rise with the increased fed rate. FRAC LIVES MATTER

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