Were The Little Old Ladies Who Put Their Life Savings Under The Bed Bigger Financial Geniuses?

Wouldn’t a lot of people have loved to take their advice now, huh?
Even Hollywood stars like Kevin Bacon and Kyra Sedgwick are broke. Billionaires are committing suicide. People are flying out of planes and faking their deaths to get away from the system. The Santa Claus killer.
Thank god I wasn’t rich enough to be in that ****.

Related posts:

  1. Why Would People Want To Put Their Savings In Life Insurance?
  2. Why Do People Believe The Governments Can Guarentee Their Life Savings ?
  3. What’s Wrong With Extorting Sick People Out Of Their Life Savings?
  4. Would There Be Enough Money In Fdic To Pay Everyone Who Lost Their Life Savings In A Total Banking Colapse?
  5. How Much Should I Put Towards Paying Off My Debt, And How Much Should I Put Towards Savings?
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3 Responses to Were The Little Old Ladies Who Put Their Life Savings Under The Bed Bigger Financial Geniuses?

  1. Duchess X says:
    January 19, 2010 at 1:00 am

    Looks that way.

  2. Kiran C says:
    January 19, 2010 at 4:46 am

    No. The inflation will erode the value of their money. You are joking, I hope.
    Recessions always shine the spotlight on bad behavior. Saving your money that you do not need for five years in the stock market now. Stock will surge again.

  3. Galaxie Girl says:
    January 19, 2010 at 11:43 am

    My husband and I have all our money in bank accounts, and one CD. That CD is getting us over 4% in interest right now, and matures in March. We don’t have anything in stocks, 401k’s, etc. So we’re doing just fine ourselves.