The Up And Down Of The Stock Market
Subject: Financial
Article #015
01-24-2016
Perhaps now is a perfect time to rethink where you choose to place your hard earned money.
To me, the stock market is just another form of gambling. Truthfully, is any amount of money (large or small) worth risking?
The first question you may want to ask yourself is, how much money do you have invested? And, how much do you have safely set aside if and when the stock market falls?
Even opening a savings account to set money safely aside may make you wonder if your money is truly safe.
In the 1970's, one could consider opening a savings account and earn 5% on every $100 saved. That was $5.00 a year. The percentage offered now is not even worth mentioning.
In todays time, even a savings is not safe if you don't research the options, and ask for a plain old fashion savings account that is FDIC insured.
The percentage may be peanuts, but your savings should be there when you need it. Just be sure to deposit or withdraw some funds at least once a year or the bank will try to send it to Government, and then you'll have to pay to have your savings returned.
A law should be enforced that a bank must pay more of a percentage to a plain old fashion savings account. A bank makes huge profits from their account holders, you should not have to risk your savings to make a little of the bank's profiting from your savings.
Think before you start or continue your savings.
God Loves All His Children.
To me, the stock market is just another form of gambling. Truthfully, is any amount of money (large or small) worth risking?
The first question you may want to ask yourself is, how much money do you have invested? And, how much do you have safely set aside if and when the stock market falls?
Even opening a savings account to set money safely aside may make you wonder if your money is truly safe.
In the 1970's, one could consider opening a savings account and earn 5% on every $100 saved. That was $5.00 a year. The percentage offered now is not even worth mentioning.
In todays time, even a savings is not safe if you don't research the options, and ask for a plain old fashion savings account that is FDIC insured.
The percentage may be peanuts, but your savings should be there when you need it. Just be sure to deposit or withdraw some funds at least once a year or the bank will try to send it to Government, and then you'll have to pay to have your savings returned.
A law should be enforced that a bank must pay more of a percentage to a plain old fashion savings account. A bank makes huge profits from their account holders, you should not have to risk your savings to make a little of the bank's profiting from your savings.
Think before you start or continue your savings.
God Loves All His Children.
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