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so what are you doing to earn interest in your $

rh71

rh71

No Lifer
lol @ 1.10% savings account interest rate... why do I even bother? BTW, no I'm not a stock gambler.
 
no worries, once hyper inflation kicks in next year, your savings will be worthless anyway

http://www.howestreet.com/articles/index.php?article_id=12506

German hyperinflation is one classic and often-cited example, and with good reason. When I was named president of the Federal Reserve Bank of Kansas City in 1991, my 85-year old neighbor gave me a 500,000 Mark German note. He had been in Germany during its hyperinflation and told me that in 1921, the note would have bought a house. In 1923, it would not even buy a loaf of bread.
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Someone recently wrote that I evoked “hyperinflation” for effect. Many say it could never happen here in the U.S. To them I ask, “Would anyone have believed three years ago that the Federal Reserve would have $1¼ trillion in mortgage back securities on its books today?” Not likely. So I ask your indulgence in reminding all that the unthinkable becomes possible when the economy is under severe stress.
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Building a house and getting a 30 year mortgage with dirt cheap interest rates and letting inflation handle the rest.

😛
 
Investing in government bonds wouldnt be a bad idea. Though most of my free cash is tied into common stock with a beta level of .50 on the risk-o-meter.
 
1/3 in mutual funds
1/3 in savings accounts and GICs

I only started dabbling in mutual funds a year ago, but when I started, I inadvertently bought some shares when stocks hit near rock-bottom. I've made a few bad buys since, but have been balancing them out with somewhat-better buys (only things keeping me above principle right now are the rock-bottom buys).

By the way, I don't have balls, so most of my mutual funds are bond-focused.
 
This year: investing in a small orchard for the farm. Apple trees, cherry trees, peach trees, pear, plum; a couple dozen blueberry bushes; strawberry patch. The value of the harvested food (some sold) should exceed the initial investment by more than interest would have within 5 or 6 years.
 
DrPizza said:
This year: investing in a small orchard for the farm. Apple trees, cherry trees, peach trees, pear, plum; a couple dozen blueberry bushes; strawberry patch. The value of the harvested food (some sold) should exceed the initial investment by more than interest would have within 5 or 6 years.
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tangibles ftw. or is that tangerines? 😛
 
I locked my money into 3 year CD's just over 1 year ago. Paying 5% right now. People told me that I'm stupid for locking in for 3 years. Year #1 looks pretty good right now.

Also started an installment savings account - pay same amount into the account each month for 3 years. Earns 5.25% for the 3 year period.

Just had several 1 year CD's expire that were at 3%. Not sure what to do with them other than save them in case I need them while being unemployed.
 
Stocks, mostly. A large portion of my savings went to buying a house, then an AC unit, then a car, all in the course of four months.
 
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