FOUND $$$$ (Savings bond)-- want opinions - Page 2 - TriStateTuners.com :: Home of Tristate Auto Enthusiast

KingOfDelco · 08-13-2008, 01:09 PM

CHAOS- there are some things we can change, and some we can't. Our country's "system" is very well set-up and protected by the people it serves, the richest 2%.

The US will not "collapse", but we are def going to see some MAJOR changes as teh baby-boomers all get old and retire and the new generations come on.

Twas- yeah, i didn't realize the orange account was 3%, Captain really helped me to figure it out.

The Captain · 08-13-2008, 01:15 PM

Quote:

Originally Posted by TrboChicsRock

So with that in mind, having a savings account is pointless? Since the money I have in there now is going to be worthless in twenty years I might as well spend it now!

How much are you making in your savings account? If it is more than the rate of inflation, you are losing, but at least you are fighting inflation to a degree. I'm not saying your money is worthless, but it is losing worth.

KoD, if you are interested in saving you money with fair returns, look into TIPS (treasury inflation protected securities) Basically they are bonds that have inflation adjustments built in so that you receive a certain return, even if inflation goes to 5%, you will still end up with x% of your initial investment over inflation.

If you're just looking to make a few bucks on money you have sitting around, look into an hsbc online account. 3.5%

BradC · 08-13-2008, 01:18 PM

Quote:

Originally Posted by CHAOS

you do realize that we can vote to change this crap right?

bush isnt going to be president forever... and granted both of the current candidates are worthless... change will have to happen.

What?

How is Bush at fault for what the Fed does?

The Federal Reserve isn't fully a government institution, and doesn't have to get permission from congress or the pres.

The only way for this **** to get better, is for someone like Ron Paul to dismantle the Fed. There is no reason for it, other than to get bankers rich.

DPancoast · 08-13-2008, 01:56 PM

Cash it now and put some sweet mods on your Scion.

Or better yet. Cash it now and buy a Nikon camera to spy on your neighbor with.

or you could just use it as toilet paper I'm sure. I forgot about your big man job that you have making tons of money.

gpzjack · 08-13-2008, 02:06 PM

um....its 650 for petes sake.....its not like its a million. Cash it in and have some fun. Either way in 20 years it will barely put gas in your car so have fun now.

coleycole · 08-13-2008, 02:10 PM

Cash that thing in who wants to wait 20 years to make $400.

twastheglow · 08-13-2008, 02:14 PM

Quote:

Originally Posted by coleycole

Cash that thing in who wants to wait 20 years to make $400.

+1! That's an excellent point!

ThatTealHatch · 08-13-2008, 02:22 PM

ING savings. <----- money doubles every seven years

KingOfDelco · 08-13-2008, 04:01 PM

Quote:

Originally Posted by DPancoast

Cash it now and put some sweet mods on your Scion.

Or better yet. Cash it now and buy a Nikon camera to spy on your neighbor with.

or you could just use it as toilet paper I'm sure. I forgot about your big man job that you have making tons of money.

"big man job" (whatever that means)..yes.

"making tons of money".... def not. :D

I have a Nikon, maybe i can use the cash to buy a new battery for it. Are they less than $665?? I'm just a noob, i dont know. i guess.

lol, the scion is as modded as its going to be (from this owner anyway)

08-13-2008, 02:06 PM	#25
gpzjack Tri-State Addict Join Date: Jan 2007 Location: Aston Member #3422 My Ride: 07 Legacy 06 Mazda5 96 Dakota 78 Firebird 03 Kawasaki iTrader: (2)	um....its 650 for petes sake.....its not like its a million. Cash it in and have some fun. Either way in 20 years it will barely put gas in your car so have fun now. __________________ 07 Legacy 06 Mazda5 96 Dakota 78 Firebird 03 Kawasaki To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.

08-13-2008, 02:10 PM	#26
coleycole Tri-State Addict Join Date: May 2008 Member #7902 My Ride: 2004 Nissan 350Z Roadster 6m/t iTrader: (0)	Cash that thing in who wants to wait 20 years to make $400. __________________ "As you sow, so shall you reap."

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08-13-2008, 01:09 PM	#21
KingOfDelco Tri-State Addict Banned Join Date: Jun 2008 Location: 19026 Member #8058 My Ride: '05 Scion Coupe iTrader: (0)	CHAOS- there are some things we can change, and some we can't. Our country's "system" is very well set-up and protected by the people it serves, the richest 2%. The US will not "collapse", but we are def going to see some MAJOR changes as teh baby-boomers all get old and retire and the new generations come on. Twas- yeah, i didn't realize the orange account was 3%, Captain really helped me to figure it out.

08-13-2008, 02:22 PM	#28
ThatTealHatch Tri-State Addict Join Date: Mar 2008 Location: Philadelphia Member #7110 iTrader: (5)	ING savings. <----- money doubles every seven years