Quote:
Originally Posted by miraja2
I admit to knowing nothing, not even knowing where to start.
Please no bullshit responses, PLEASE. I know there are a lot of smart people who can comment on this. If one wanted to start out/ get into savings accounts and was willing to put $5.42 a month into it, how would you go about it? Is $5.42 a month pennies in a savings account? Can you make $ off it?
Thanks, I ask because some dude told me these things were like....a sure thing....and he said he actually makes money every single month in his! Ima gonna be rich!
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while savings accounts are generally good , they are a bad investment now in this country.
the us gov't is not helping out savers at this point , they are actually destroying them.
by running huge federal defecits and keeping interest rates artifically low the gov't is penalizing savers
the value of the dollar is declinig every day and that makes your $ in a savings account worth less
my advice to you is to play the ponies and try to make some $ that way until the gov't starts to reward savers