
| Msg # 324 of 1396 on ZZCA4365, Monday 7-14-24, 8:54 |
| From: GENIUS |
| To: ALL |
| Subj: Re: Overdraft Interest = 21%!!! |
XPost: nf.general From: genius@warp.nfld.net You lose money both ways.The thing that pisses me off is that banks don't pay at least the inflation rate as determined by the consumer price index (CPI). And I was making a point that there are many better alternatives for protecting, and making your money grow, than a savings or checking account. Basically either the bed or bank method will cause you to lose money because of inflation. You just lose a little less by putting it in the bank. Everyone should realize that you MUST keep up with inflation so your money has the same buying power next year and the next etc.. And you need to get more than the inflation rate if you want to make money off your money. --- SoupGate-Win32 v1.05 * Origin: you cannot sedate... all the things you hate (1:229/2) |
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