Imagine having $1,000,000.00 in the bank ......
 

And getting twenty grand interest because of the federal subsidized rates. Our economic policy sure nails those that have saved their money. Talk about sending the wrong message.

oh someone just sent me 1000000$ in epassporte by mistake :) haahaha

Well said...

Yup, there are PLENTY of ways the system is set up to reward fuckheads and penalize success. Its so god damned irritating.

No surprise. Investors have to take more risk and assume a more active role to get the big returns.

I'd be pretty pissed if I only made that out of 1Million.

A lot of people have no desire to enter the stock market.

this is actually a good thing - it'll stimulate the people to get their money out of the banks and hopefully inject them into the economy

teh moment you are dissapointed with the interest you get from your bank you'll start looking into other ways to make your money work for you - starting your own business, investments, you name it

wish I had that kinda money... gee!

That's what CD's are for, I guess.

Straight out bank accounts pay shit. There's no real return without some form of commitment, it seems.

CD's are around 2%

From April 1st of 07 thru yesterday the Dow shows a slight loss, does anyone really think the next 12 months will be any better?

Low risk, low return. It's not brain surgery.

All the ones I looked at before Christmas were 5-6% (some were like 2-3%, but those were all like 4-month term)... which brought them to the level of shorter-term bonds.

Have things changed that much in the last few months?

Who would keep 1 million in the bank when that is way above what the FDIC will even ensure. Sounds like a fool to me and we know what everyone says about a fool and their money.

That is kinda sending the save and not spend message.

I get your point people that save are punished.

But anyone that had 1 mill sitting in a bank account or money market is not very bright to begin with.

If you split it up $100,000 per bank you are OK.

Not that it would be a smart thing to do anyway.

That's true.. And then people will probably be dissapointed again, and again move to their banks. And meanwhile, state is taxing :2 cents:.
But hey, I live in a good country with very good social services so I don't really care.

OK, rephrased to sound more investment savvy ... $1,000,000.00 in liquid assets.
And no one keeps it all in one account. And few fools accumulate that kind of asset, do they?

nobody keeps that kind of "cash" its always put into various other places. Think of Bill Gates "value" when Msoft stocks took a dive for the yahoo thing...

i doubt anyone with that kind of money has it in a pass book account.

Just look around a bit. Ing is 3.35% on savings. Federally insured mtge backed securities are like 5.5%. I am with you. I did not have the size of your problem but it was still big cash and nowhere to go. Bought some real estate and put some in the market. All green now and I put it in a month a go.

And folks tons of people make that kind of money and have no clue what to do with it. You think all of the guys who got early into porn learned what good investments were by running their TGP's? Making money and investing money are usually two different skill sets.

One word: Equities.

(All the non-investors are scratching their foreheads. Huuuuuuh, whats that?!!?)

Stocks, niggas.