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posted by
BC-A
on November 21, 2011 at 11:17 PM
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Raye09
Good luck with your endeavours luv, I worked for myself most of my life and never regretted it really. I made my living but not any great savings. The cash I have is from Veterans Affairs and is invested in the bank here, but our banks operate differently because they are really regulated by government. Like you though, I just am invested in a low risk profile and it's served me well since my wife Joyce died. At 75 now I'm not concerned too much about the future of course, and now that Kabu is here and we share, has made life a lot easier for both of us.Have a Happy Thanksgiving luv.
posted by
WileyJohn
on November 21, 2011 at 7:27 PM
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Re: Raye..credit unions have always had my vote...
Definitely so, Rumor. Thank you.
posted by
Raye09
on November 21, 2011 at 6:31 PM
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Re:
I only was because the incentives seemed worthwhile at the time. Not anymore. Yes, credit unions are a good choice for many. Thanks for visiting, TAPS.
posted by
Raye09
on November 21, 2011 at 6:31 PM
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Re:
Good decision these days, FSI. Thanks for reading..
posted by
Raye09
on November 21, 2011 at 6:29 PM
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Raye..credit unions have always had my vote...
They have banks beat IMO.....
posted by
Rumor
on November 21, 2011 at 1:21 PM
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I've never been a stock-market person. A credit union might be worth looking into though.
posted by
TAPS.
on November 21, 2011 at 11:39 AM
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I myself do not have any money in the stock market either.
posted by
FormerStudentIntern
on November 21, 2011 at 10:35 AM
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Re: My son is looking after my finances in Australia.....not doing well
Sorry to hear, Dear Kabu. Seems to be the case for many who worked hard and saved..
Thank you for stopping by..
posted by
Raye09
on November 21, 2011 at 7:31 AM
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Re:
Interesting, CC! In the U.S. stock market, investments lose value because of day trading - a game the wealthy and deluded enjoy - and because of institutional manipulation. There have been class action lawsuits over some of these shenanigans - gotten a few "settlements" myself - amounting to a minute percentage of what they gained and what I and others lost. Also here, many companies have eliminated their employee's pension accounts and the only other option for retirement saving has been through 401k plans.
Thanks for visiting..
posted by
Raye09
on November 21, 2011 at 7:30 AM
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My son is looking after my finances in Australia.....not doing well
at the moment.Sniff
posted by
Kabu
on November 21, 2011 at 7:07 AM
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I agree it is hairy seeing your money diminish as it does in value always through inflation
The sad thing is Raye that the majority of people have their savings locked into shares via insurance and pension schemes. Property was too highly priced because of no control over mortgages. If one has loads of money one could just get the nominal rate and just lose 4or so percent a year. A cartoon in the paper yesterday showed the bank manager selling a 50K bond and thinking 4.5 K for the bank. Your next blog will be interesting.
posted by
C_C_T
on November 21, 2011 at 12:06 AM
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