J
John Galt
Guest
My Dad and I had a very brief conversation about
investing today (I never bring it up.... a more touchy
subject than religion and politics in his house).
His main sources of income are his and my mother's SS
and his pension. All of his investments are CDs.
I think he is getting 2.5% or so. Says he can't go out further since he "may not be here next year".
Most of his money is sitting in his checking account
drawing -0-. He is happy that he has all that
money in checking. The really amazing thing is that
so many younger (and presumably smarter) people
do some equally weird stuff with their money. A lot
of this stuff is pretty basic, like...............if you have 100k
sitting in checking and you can get 2.5% in a MM, you
are losing $2500 per year. It's just like burning money in your yard really, unless you think the bank can
make better use of it
JG
investing today (I never bring it up.... a more touchy
subject than religion and politics in his house).
His main sources of income are his and my mother's SS
and his pension. All of his investments are CDs.
I think he is getting 2.5% or so. Says he can't go out further since he "may not be here next year".
Most of his money is sitting in his checking account
drawing -0-. He is happy that he has all that
money in checking. The really amazing thing is that
so many younger (and presumably smarter) people
do some equally weird stuff with their money. A lot
of this stuff is pretty basic, like...............if you have 100k
sitting in checking and you can get 2.5% in a MM, you
are losing $2500 per year. It's just like burning money in your yard really, unless you think the bank can
make better use of it
JG