Imagine having $1,000,000.00 in the bank ...... - GoFuckYourself.com

L-Pink · 03-24-2008, 06:33 AM

And getting twenty grand interest because of the federal subsidized rates. Our economic policy sure nails those that have saved their money. Talk about sending the wrong message.

themonk · 03-24-2008, 06:37 AM

oh someone just sent me 1000000$ in epassporte by mistake

haahaha

Fap · 03-24-2008, 06:40 AM

Well said...

gornyhuy · 03-24-2008, 08:02 AM

Yup, there are PLENTY of ways the system is set up to reward fuckheads and penalize success. Its so god damned irritating.

DaddyHalbucks · 03-24-2008, 09:30 AM

No surprise. Investors have to take more risk and assume a more active role to get the big returns.

tranza · 03-24-2008, 09:52 AM

I'd be pretty pissed if I only made that out of 1Million.

xmas13 · 03-24-2008, 09:55 AM

L-Pink · 03-24-2008, 10:00 AM

Quote:

Originally Posted by DaddyHalbucks

No surprise. Investors have to take more risk and assume a more active role to get the big returns.

A lot of people have no desire to enter the stock market.

Antonio · 03-24-2008, 10:23 AM

this is actually a good thing - it'll stimulate the people to get their money out of the banks and hopefully inject them into the economy

teh moment you are dissapointed with the interest you get from your bank you'll start looking into other ways to make your money work for you - starting your own business, investments, you name it

Violetta · 03-24-2008, 10:59 AM

wish I had that kinda money... gee!

D · 03-24-2008, 11:03 AM

Quote:

Originally Posted by L-Pink

A lot of people have no desire to enter the stock market.

That's what CD's are for, I guess.

Straight out bank accounts pay shit. There's no real return without some form of commitment, it seems.

L-Pink · 03-24-2008, 03:15 PM

Quote:

Originally Posted by D

That's what CD's are for, I guess.

Straight out bank accounts pay shit. There's no real return without some form of commitment, it seems.

CD's are around 2%

L-Pink · 03-24-2008, 03:21 PM

Quote:

Originally Posted by Antonio

this is actually a good thing - it'll stimulate the people to get their money out of the banks and hopefully inject them into the economy

teh moment you are dissapointed with the interest you get from your bank you'll start looking into other ways to make your money work for you - starting your own business, investments, you name it

From April 1st of 07 thru yesterday the Dow shows a slight loss, does anyone really think the next 12 months will be any better?

GigoloMason · 03-24-2008, 03:55 PM

Low risk, low return. It's not brain surgery.

D · 03-24-2008, 04:21 PM

Quote:

Originally Posted by L-Pink

CD's are around 2%

All the ones I looked at before Christmas were 5-6% (some were like 2-3%, but those were all like 4-month term)... which brought them to the level of shorter-term bonds.

Have things changed that much in the last few months?

After Shock Media · 03-24-2008, 04:25 PM

Who would keep 1 million in the bank when that is way above what the FDIC will even ensure. Sounds like a fool to me and we know what everyone says about a fool and their money.

Intervader · 03-24-2008, 04:37 PM

That is kinda sending the save and not spend message.

tiger · 03-24-2008, 04:37 PM

I get your point people that save are punished.

But anyone that had 1 mill sitting in a bank account or money market is not very bright to begin with.

03-24-2008, 04:53 PM

Quote:

Originally Posted by After Shock Media

Who would keep 1 million in the bank when that is way above what the FDIC will even ensure. Sounds like a fool to me and we know what everyone says about a fool and their money.

If you split it up $100,000 per bank you are OK.

Not that it would be a smart thing to do anyway.

c0ld · 03-24-2008, 04:58 PM

Quote:

Originally Posted by Antonio

this is actually a good thing - it'll stimulate the people to get their money out of the banks and hopefully inject them into the economy

teh moment you are dissapointed with the interest you get from your bank you'll start looking into other ways to make your money work for you - starting your own business, investments, you name it

That's true.. And then people will probably be dissapointed again, and again move to their banks. And meanwhile, state is taxing

.
But hey, I live in a good country with very good social services so I don't really care.

L-Pink · 03-24-2008, 05:05 PM

Quote:

Originally Posted by After Shock Media

Who would keep 1 million in the bank when that is way above what the FDIC will even ensure. Sounds like a fool to me and we know what everyone says about a fool and their money.

OK, rephrased to sound more investment savvy ... $1,000,000.00 in liquid assets.
And no one keeps it all in one account. And few fools accumulate that kind of asset, do they?

farkedup · 03-24-2008, 06:21 PM

nobody keeps that kind of "cash" its always put into various other places. Think of Bill Gates "value" when Msoft stocks took a dive for the yahoo thing...

tony286 · 03-24-2008, 06:24 PM

i doubt anyone with that kind of money has it in a pass book account.

slapass · 03-24-2008, 06:30 PM

Just look around a bit. Ing is 3.35% on savings. Federally insured mtge backed securities are like 5.5%. I am with you. I did not have the size of your problem but it was still big cash and nowhere to go. Bought some real estate and put some in the market. All green now and I put it in a month a go.

slapass · 03-24-2008, 06:32 PM

And folks tons of people make that kind of money and have no clue what to do with it. You think all of the guys who got early into porn learned what good investments were by running their TGP's? Making money and investing money are usually two different skill sets.

SomeCreep · 03-24-2008, 07:48 PM

One word: Equities.

(All the non-investors are scratching their foreheads. Huuuuuuh, whats that?!!?)

Stocks, niggas.

03-24-2008, 06:33 AM	#1
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Imagine having $1,000,000.00 in the bank ...... And getting twenty grand interest because of the federal subsidized rates. Our economic policy sure nails those that have saved their money. Talk about sending the wrong message.

03-24-2008, 06:37 AM	#2
themonk Confirmed User Join Date: May 2006 Posts: 6,511	oh someone just sent me 1000000$ in epassporte by mistake haahaha __________________ 175$ Per Sale - The Best Sponsor

03-24-2008, 08:02 AM	#4
gornyhuy Chafed. Join Date: May 2002 Location: Face Down in Pussy Posts: 18,041	Yup, there are PLENTY of ways the system is set up to reward fuckheads and penalize success. Its so god damned irritating. __________________ icq:159548293

03-24-2008, 09:30 AM	#5
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	No surprise. Investors have to take more risk and assume a more active role to get the big returns. __________________ Boner Money

03-24-2008, 09:52 AM	#6
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	I'd be pretty pissed if I only made that out of 1Million. __________________ I'm just a newbie.

03-24-2008, 06:40 AM	#3
Fap Just Du It Industry Role: Join Date: Feb 2004 Posts: 12,094	Well said...

03-24-2008, 09:55 AM	#7
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	__________________ ICQ 557504926

03-24-2008, 10:23 AM	#9
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	this is actually a good thing - it'll stimulate the people to get their money out of the banks and hopefully inject them into the economy teh moment you are dissapointed with the interest you get from your bank you'll start looking into other ways to make your money work for you - starting your own business, investments, you name it

03-24-2008, 10:59 AM	#10
Violetta Affiliate Join Date: Jul 2004 Posts: 28,735	wish I had that kinda money... gee! __________________ M&A Queen

03-24-2008, 03:55 PM	#14
GigoloMason Confirmed User Join Date: May 2005 Posts: 742	Low risk, low return. It's not brain surgery. __________________

03-24-2008, 04:25 PM	#16
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	Who would keep 1 million in the bank when that is way above what the FDIC will even ensure. Sounds like a fool to me and we know what everyone says about a fool and their money. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

03-24-2008, 04:37 PM	#17
Intervader Confirmed User Join Date: Oct 2006 Location: Canada Posts: 242	That is kinda sending the save and not spend message. __________________ Business Development VR/Game/Web [email protected]

03-24-2008, 04:37 PM	#18
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	I get your point people that save are punished. But anyone that had 1 mill sitting in a bank account or money market is not very bright to begin with. __________________

03-24-2008, 06:21 PM	#22
farkedup Confirmed User Join Date: Nov 2007 Location: Kalamazoo, MI Posts: 2,490	nobody keeps that kind of "cash" its always put into various other places. Think of Bill Gates "value" when Msoft stocks took a dive for the yahoo thing... __________________ -- QUOTE ME IT MAKES ME FEEL SPECIAL --

03-24-2008, 06:24 PM	#23
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	i doubt anyone with that kind of money has it in a pass book account.

03-24-2008, 06:30 PM	#24
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	Just look around a bit. Ing is 3.35% on savings. Federally insured mtge backed securities are like 5.5%. I am with you. I did not have the size of your problem but it was still big cash and nowhere to go. Bought some real estate and put some in the market. All green now and I put it in a month a go.

03-24-2008, 06:32 PM	#25
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	And folks tons of people make that kind of money and have no clue what to do with it. You think all of the guys who got early into porn learned what good investments were by running their TGP's? Making money and investing money are usually two different skill sets.

03-24-2008, 07:48 PM	#26
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	One word: Equities. (All the non-investors are scratching their foreheads. Huuuuuuh, whats that?!!?) Stocks, niggas. __________________ Webair Hosting I use and recommend Webair for hosting.