Did you see the word 'forced' in my post? Terry
On Sat, Sep 27, 2008 at 9:33 AM, Edmund Storms <[EMAIL PROTECTED]> wrote: > Come on, get real. No one is forced into the stock market this way. Pass > book accounts always pay less than other investments because they are > considered safer. Same with money market accounts. A trade off always > exists between safety and the risk of making more money. Lots of different > investment methods exist these days that allow a person to match their risk > to an expected reward. The difference between these methods involves how > much knowledge and attention is required. A passbook account requires no > knowledge, hence gives the least return. Money can be made in the stock > market even now, but this requires knowledge and attention, which most > people do not have or do not want to get. In this life, you get what you pay > for. In making money the payment is in time and attention. Otherwise, you > have only yourself to blame. > > Ed > > > > On Sep 27, 2008, at 8:16 AM, Terry Blanton wrote: > >> Jeff, >> >> You hit the nail with your head when you pointed out the loss of rates >> on passbook accounts. The loss of reasonable returns on these havens >> forced people into the money market and eventually into the stock >> market. The result is an inflated and volatile stock market and >> people living on the edge of panic. >> >> I'm not sure the bailout will restore the waning faith of the masses. >> And, our entire financial system is founded on faith in fiat funds be >> it cash, stocks or bonds. >> >> Terry. >> >> On Fri, Sep 26, 2008 at 4:53 PM, Jeff Fink <[EMAIL PROTECTED]> wrote: >>> >>> >>> -----Original Message----- >>> From: Edmund Storms [mailto:[EMAIL PROTECTED] >>> Sent: Friday, September 26, 2008 4:25 PM >>> To: vortex-l@eskimo.com >>> Cc: Edmund Storms >>> Subject: Re: [Vo]:OFF TOPIC News of the bailout >>> >>> Actually, only the Supreme Court can answer this question and they >>> show no interest in doing so. The cause of the problem is obvious to >>> anyone who has looked at reality. Many mistakes were made, but each >>> has been identified and attempts will be made to apply a correction. >>> Of course, the corrections will be imperfect because of the required >>> compromises, but they will be put in place no matter who is elected. >>> The only issue of this electron is how will the next mistake be >>> handled? The next mistake is now being created by the structure of the >>> bailout. The next president will have runaway inflation and high >>> interest rates. Who do you think will handle this problem to your >>> benefit? >>> >>> Ed >>> >>> >>> Right now we have inflation running at approximately 10% annual rate and >>> savings accounts paying around 1 1/2% for a net loss of 8 1/2%. On top >>> of >>> that we must pay income tax on the 1 1/2%. Part of Obama's plan to >>> balance >>> the budget is to subject that 1 1/2% to social security payments as well! >>> It is part of his plan to redistribute the wealth. Inflation is a tax, >>> and >>> it loots the savers. The stock market is too scary to mess with. >>> I-bonds >>> are paying 0% interest right now, but even at that, they might be the >>> best >>> investment out there. >>> >>> The majority of people endeavor to conduct their lives in such a manner >>> so >>> as not to be a burden to others. They are the targets of this >>> redistribution. Some poor people seek jobs while others milk the system. >>> If the job creators are plundered by the government, where will the jobs >>> come from? When the haves are reduced to havenots, we will all be >>> losers. >>> We cannot advance the economy by punishing the hard working successful. >>> >>> Jeff >>> >>> >> > >
