Quote:
Originally Posted by directfiesta
The low interest rates are having huge negative effect on the income of pensionners .
I invested 600K in real estate, because my return is about 12% ( not necessarely cash tough - paying capital )
If I left that money in secure investment , I would get about 8000.00 a year return ... hardly enough to live on.
10 years ago, that same 600K would bring back 40 to 45K yearly ....
So situation under Obama did get worse ( nothing related to him ) and now will gett way worse as the safdety net is removed by Trump .
PS: you will be old one day ....
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So invest in land or gold, etc. There are many pension schemes that allow a broad range of investments.