04 Aug 12 08:40, Mark Hofmann wrote to Roy Witt:   
      
      
      
    RW>> 8^) So does keeping it in the stock market. One of my stocks has   
    RW>> gone down below what I paid for it originally. The rest seem to do   
    RW>> fluctuate just above that. But I'd sure like to see them where they   
    RW>> were 4 years ago.   
      
    MH> I had stock funds for my daughters that I started when they were   
    MH> born. Last year, my oldest daughter turned 18 and she was able to   
    MH> cash it in. The total return on 18 years was around 4%.   
      
   You would have been better served with that money in a money market fund.   
   Up until Obama began spending us into this economy, my money market was   
   paying more than your 18 year total, per month.   
      
    MH> That translates into a loss when you calculate in the fact that the   
    MH> cost of living has more than doubled since then.  I would have needed   
    MH> to make over 100% just to keep up with the cost of living.   
      
   With the inflation rates of the last 20 years, you lost money.   
      
    MH> Things have been going to crap ever since the best president we ever   
    MH> had, Reagan, was in office.  We are just going faster and faster in   
    MH> the wrong direction with each year that passes.   
      
   That will all change in January.   
      
    RW>> So does owning a house, but we'll all have to live with that.   
    RW>>   
      
    MH> Yes, but owning a home will always be better than throwing money out   
    MH> the window on rent.   
      
   Some people don't believe that because the money paid in rent is a cost   
   of living, no matter where that is. I had a friend who rented and put what   
   he saved in loan interest into a money market fund. He died a rich man and   
   someone else rented his apartment the following month.   
      
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