This should be preached and practiced everywhere.

Banks: 3%

Financial Institutions: 12%

Average rate of return each year.

Divide the % into 72, and it will tell you how long it takes for x number to double.

Invest $2,000 at age 20.

Do the bank route.

And then the other.

People would have to be complete morons to keep their savings in bank accounts.


I own parts of 347 companies. I OWN parts of them. To me, that's the essence of why we're America. We can own something and call it ours, rather than have some socialist or fascist dictate to us where we put our work.

Ahhh.

quote:

I own parts of 347 companies. I OWN parts of them. To me, that's the essence of why we're America. We can own something and call it ours, rather than have some socialist or fascist dictate to us where we put our work.

I thought you said banks were bad... and my bank is the only one that can give you 3%.

BTW you don't "own" those companys, those companys own you, after all whos buying the most from them?

Joey, why are you starting a new thread for this. It easily falls into your other thread?

And by the way, people keep money in savings accounts so they have it on hand. The purpose of savings accounts is not gain oodles of money.

Like I said, but stocks if you want a real return. That 12% you claim you spent, which has to be less than 6.48 dollars, since you can't afford one share os Starbucks.

Ahhhhh. You must be living large.