MyRa

canndo

canndo

Well-Known Member
NoDrama said:
I have already answered your questions, unfortunately you are too intellectually weak to answer even a single one of mine. Not only do you not understand money, you have zero clue about finance. I mean none at all. You put your money where your mouth is and convert all your assets into "risk free" savings bonds called MyRA, like a savings bond touted to be risk free wasn't already available to you for the last 100+ years.

For the government to come up with a all new type of investment that promises to do what they promised regular savings bonds and treasuries would do , seems a bit fishy, why come up with something new when you already have the exact same thing? That seems inefficient, unless of course buried in the fine print is the clause that in the event of near default the the money will be Cyprus'd. I know you have no clue what that means, so I won't try to explain it and confuse you even more.

Why not just buy TiPS?

Savers get raped in a world of inflation.
Click to expand...

So very sad, so very very true.
 
Wavels

Wavels

Well-Known Member
NoDrama said:
Why not just buy TiPS?

Savers get raped in a world of inflation.
Click to expand...
Good question.
Obama is mostly about showmanship and optics.

TIPS are now available (since 2008) in as small as $100 minimum denominations.
In this historically low interest rate environment they make more sense than a standard fixed rate bill, note or bond.


edit attempt failed so this this is how line should read
Tips are now available ( since '08) in as small as $100 minimum denominations.


Okay third attempt, can't get rid of dopey smiley...should read (since two thousand eight)
Site appears to be more high than I am
 
N

NoDrama

Well-Known Member
Wavels said:
Good question.
Obama is mostly about showmanship and optics.

TIPS are now available (since 2008) in as small as $100 minimum denominations.
In this historically low interest rate environment they make more sense than a standard fixed rate bill, note or bond.


edit attempt failed so this this is how line should read
Tips are now available ( since '08) in as small as $100 minimum denominations.


Okay third attempt, can't get rid of dopey smiley...should read (since two thousand eight)
Site appears to be more high than I am
Click to expand...
Use brackets instead [2008]
 
N

NoDrama

Well-Known Member
schuylaar said:
better yet, how many people had a 401k in 2007, that no longer have one due to "the great recession"?..take a quick guess.
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Most of 'em? Not saying they are all recovered, many people had to sell out to stay in their homes or fund their unemployment. I know my parents 401K was DEVASTATED and lost 80%, but they almost got it back now. meaning they only lost about 10% (inflation), though my dad thinks he has it all back and didn't lose any. he is like Cheezy in that he doesn't understand inflation and that he has actually lost money still. My 401K only gained 1% during the great recession, but my puts and shorts made me over 1400%.
 
N

NoDrama

Well-Known Member
in 2001 you could have purchased 1/10 ounce of gold for $25 exactly. Then it could have sat there until today and at drastically lower prices in a free fall to the floor ( your prediction anyway) and sold that very same 1/10 ounce of gold for $155 today.

Instead you got $34

 
MuyLocoNC

MuyLocoNC

Well-Known Member
schuylaar said:
better yet, how many people had a 401k in 2007, that no longer have one due to "the great recession"?..take a quick guess.
Click to expand...
Better, better yet, how many people were buying silver at an average price of $5 per ounce for twenty years leading up to 2007, instead of jamming it into 401ks? At least one that I know of for sure. That person could cash out for about quadruple his investment right now. Unless he cashed out for a chunk of cash in 2011 and only made 9.5 times his investment.
 
B

beenthere

New Member
MuyLocoNC said:
Better, better yet, how many people were buying silver at an average price of $5 per ounce for twenty years leading up to 2007, instead of jamming it into 401ks? At least one that I know of for sure. That person could cash out for about quadruple his investment right now. Unless he cashed out for a chunk of cash in 2011 and only made 9.5 times his investment.
Click to expand...
We had a shit load of silver we had purchased over time since 1994, we dumped it about three years ago and got about $39 oz.
Unfortunately, we're still hanging on to our gold.
 
twostrokenut

twostrokenut

Well-Known Member
beenthere said:
We had a shit load of silver we had purchased over time since 1994, we dumped it about three years ago and got about $39 oz.
Unfortunately, we're still hanging on to our gold.
Click to expand...
Why is that unfortunate? I would say it was unfortunate to have dumped the silver....even at 39.
 
N

NoDrama

Well-Known Member
BigNBushy said:
How does that change the fact that she lost $4?
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He figures that since it was a gift, it's pure profit. He could have just sold the savings bond back for the $25, invested in gold and made 500% profit, but he figures that making $9 is a big deal, but then the fact that inflation ate up $13 of value completely escapes him.

When Cheezy is about 80 years old and destitute with a fat 401K that can purchase a roll of shit paper at most, then and only then will he see the light of day.
 
NLXSK1

NLXSK1

Well-Known Member

  • I imagine something where a certain amount is deducted from your paycheck into an individual account just for you.​
Click to expand...
It was called the social security TRUST FUND... But the politicians broke into the piggy bank and stole all the loot and left IOU's.

Now you want to propose we do the same thing again? I dont trust my government...
 
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