Findingme's UMS journal

[findingme]

I would spread it out by putting in different things like a CD that has a really good rate, maybe some bonds, and some solid mutual funds. That way your money will be working for you.

Thanks for the wishes Tholt. I agree in putting my money somewhere where it's making money continually. I would not advise what you proposed though based on what I've been hearing the last couple of years. CD's aren't liquid at all, and 3% is the best I've ever seen, and that was years ago. Then there are taxes upon withdrawal. That'd be a negative return after any length of time.

Bonds are not what they used to be. Today I read one could put in $25,000 in bonds 30 years ago, and in 20 years it would be close or above $500,000. The vast majority of all pensions are based on bonds, and though it's been uncirculated, pension organizations are greatly underfunded at this time. State governments and their old vested pensions are not getting returns like they once did since they're based on the bond market. Ever since the Fed has kept interest rates unsustainably low, pensioners took a heavy hit. Profitable bonds work in a healthy market, but ours has been failing for years. The Fed is just making it look good to the average person. This has happened in other countries too, and it's always turned out bad when the value of money is played with.

And mutual funds, no. They appear the most profitable, but their regular contractual fees cut a big hole in one's profit. Like over time, when one thought their money grew 400%, fees brought it much, much lower. All rates of growth vary, but the fees never go away. This doesn't even include taxes, so it's too costly for my taste.

I don't carry all these facts and numbers with me, but I do carry the gist of it. I'm finding money simple if I do what works. I like simple . I've found one myself, and some major leaders in history have used this to their advantage. I will too.