marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,505
I'm enjoying some hefty deposits into my MM. I also moved a chunk into a floating bank rate currently paying ~8.6% which had been paying less that half that 18 months ago. Payments come tonight!
Of course for every receipt there's some poor bum paying 7%+ on some sort of loan, but it's always better to be signing the back of the check than the front of the check.
Having said that, I find it difficult to believe that there's enough "new income" in the form of simple interest to make a notable difference in our vast economy. Folks on this forum, sure, but the nation on a whole, I can't buy it.
As we live on just dividends/interest (and SS) I'm building up a nice buffer.
Of course for every receipt there's some poor bum paying 7%+ on some sort of loan, but it's always better to be signing the back of the check than the front of the check.
Having said that, I find it difficult to believe that there's enough "new income" in the form of simple interest to make a notable difference in our vast economy. Folks on this forum, sure, but the nation on a whole, I can't buy it.
As we live on just dividends/interest (and SS) I'm building up a nice buffer.
Last edited: