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(Bloomberg)   Interest rates are so low, investors are actually losing money by just parking their cash. Bonus: Losses tied to consumers paying off their debt and not paying interest   (bloomberg.com) divider line 5
    More: Cool, MBS, loan origination, Federal Housing Administration, Hebron, harp, Robert Menendez, sales managers, First Horizon National Corporation  
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3484 clicks; posted to Business » on 30 Jul 2012 at 3:35 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2012-07-31 01:49:45 AM
1 votes:

voodoojuice: If you feel like buying stocks to try and get that magic 10% return, be careful. The Wall Street banks are just siphoning off your wealth, and in the end it's the middle and lower class that will get screwed.


Right on! They're just, like, leeches, man.

I'll just keep all my money in a sock!
kab
2012-07-30 07:53:14 PM
1 votes:

thompsonius: Side note to debt free smugsters - hoarding your cash is a negative investment. It's really not that complicated, but apparently your liberal arts degree didn't cover that.


And dumbest post of the year award goes to....
2012-07-30 06:14:45 PM
1 votes:

WhiskeySticks: Debt is dumb, cash is king, and the payed off home mortgage has taken the place of the BMW as the new status symbol of choice.


Dave Ramsey, is that you?
2012-07-30 05:10:19 PM
1 votes:

Slaves2Darkness: HeadLever: dchurch0: Paid off all of my debts about two years ago, except for a car payment. Got another year or so to go on that. Being debt free is magical, and the banks can go F themselves. I'll never pay interest again if I can help it. I know that's not possible if I intend to buy a house, but that's a choice I guess I'll make later on in life. For now, I'm a happy renter.

Just finished paying off my student loans about a week ago. No debt except for the mortgage. It feels great

I don't know about you, but I went debt free about 5 years ago and I suddenly have more money then I know what to do with. This year I took my nephews to Disney just because I could.


I paid off my student loans 2 years ago and it is nice seeing my savings account grow fatter with every paycheck.

/Only debt is my 15-year fixed-rate mortgage @ 2.98%
2012-07-30 04:10:07 PM
1 votes:
Paid off all of my debts about two years ago, except for a car payment. Got another year or so to go on that. Being debt free is magical, and the banks can go F themselves. I'll never pay interest again if I can help it. I know that's not possible if I intend to buy a house, but that's a choice I guess I'll make later on in life. For now, I'm a happy renter.
 
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