Comments on: Good Financial Choices http://holybuckfatman.com/2007/08/10/good-financial-choices/ YES. WE. DID!!!!! Thu, 20 Nov 2008 14:24:58 +0000 http://wordpress.org/?v=2.5 By: TheHolyFatman http://holybuckfatman.com/2007/08/10/good-financial-choices/#comment-2931 TheHolyFatman Sat, 11 Aug 2007 16:11:56 +0000 http://holybuckfatman.com/2007/08/10/good-financial-choices/#comment-2931 My father once told me that the interest rate on his first mortgage was 14.5% Savers would be rewarded if the interest rates were to rise. Sadly, it seems that stashing cash away is always looked upon as a poor investment choice, since it grows at a snails pace. Americans used to save. Why have we suddenly be conditioned to take so many risks? This house of cards will eventually fall. My father once told me that the interest rate on his first mortgage was 14.5%

Savers would be rewarded if the interest rates were to rise. Sadly, it seems that stashing cash away is always looked upon as a poor investment choice, since it grows at a snails pace.

Americans used to save. Why have we suddenly be conditioned to take so many risks? This house of cards will eventually fall.

]]> By: Alex http://holybuckfatman.com/2007/08/10/good-financial-choices/#comment-2927 Alex Sat, 11 Aug 2007 13:35:56 +0000 http://holybuckfatman.com/2007/08/10/good-financial-choices/#comment-2927 People overextend their faith in interest rates, forgetting that back in the 80's interest rates were well into the 10-14% range. People underestimate the value and liquidity of cash. People overextend their faith in interest rates, forgetting that back in the 80’s interest rates were well into the 10-14% range. People underestimate the value and liquidity of cash.

]]>