Wednesday, October 10, 2007

Punny Poll #25: Where Do You Keep Your Savings?

Author: Nick
Category: Money
Topics: ,

ah keeps mah money in uh burlap sack

I was shocked to learn that, according to the results of the last Punny Poll, over 90% of you wonderful readers don’t have a business of your own. Not even a side business! And nearly all of you non-businesspersons have no interest in starting a business ever. Yes, starting a business can take some time; but it no longer takes a whole lot of money thanks to the power of the internet, and owners of even the tiniest of side businesses can earn hundreds of thousands of dollars more over their lifetime than their counterparts who solely “work for the man.”

There’s been a lot of talk lately about finding better places to save your money with high-yield savings account rates dropping and the stock market acting more like a random number generator than anything else. It’s interesting to see where people like to stash their cash, so Punny Poll #25 asks exactly that.

How would cutting Saturday mail delivery affect you?

View Results

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13 Responses »

1.

plonkee
October 10th, 2007 at 2:39 pm

Its mostly in savings at the moment, but I’m putting more into an index fund in an attempt to change to a better allocation.

2.

shraz
October 10th, 2007 at 3:16 pm

Mostly CD’s some in savings.

3.

Mrs. Micah
October 10th, 2007 at 7:53 pm

CDs & plain old savings. Should have gone with liquor, in retrospect.

4.

Ivy
October 10th, 2007 at 11:58 pm

Hi,

I adore your blog, and find myself oft agreeing with much of what you say (even when you “future blog”!).

However, I must take issue with your “random number generator” comment regarding the markets.

It is true that some sectors’ volatility has increased more than twice what it was at the close of 2006. However, with volatility comes opportunity (mining, commodities, foreign equities, multinationals, “gadget” tech, ag, [heavy] construction, fast food), as well as heartache (brokers, builders, much retail, many finances).

This is a period that just begs to own serious multinational plays, as well as some more defensive ones. It’s not that a portfolio needs to be completely balanced – but it does need fluidity to respond to unforeseen stimuli. I’ve worked very hard this year to maintain strong growth, and our portfolios have rewarded us with records across the board – and not just because of owning GOOG, LFC, or SNP. Stalwarts including GE, MCD, and UN really work well because of their international business diversification (a significant criterion present in my screening boards – which generally means combing through statements to add up numbers – includes the percentages of sales, revenues, and earnings earned internationally for “domestic” companies).

For further study, check out MTW, AME, SSW, UN, ADM, and SIAL.

5.

Jonathan Livingston
September 16th, 2010 at 12:33 pm

As we all know, due diligence is a must, especially today, as we are going through an Economic Crisis that boggles the mind as to money supply contraction, rolled over and expanded debt obligations, serious unemployment, everyday consumer price inflation and asset value deflation.

We need to help inform each other how to research, discover and share with each other all the dealers out there that are non-disclosing, that are manipulative deceivers. Please help us help you in your pressing decisions regarding when, what and how.

As you know, there are core, not “fiat” major assets to own and hold during such a Crisis. Investment Grade Diamonds, Real Estate and Gold Bullion, Silver.

I have been researching where to buy and hold Gold and Silver Bullion, from Dealers that are free, clear and unencumbered with full and honest disclosure about all of the Dealers who have negative legal history, massaged financial history, false storage guarantees, poor and/or no audit history, unfair costs, large unearned commissions that are not disclosed from all of the websites of those Dealers who claim that they are solid Gold and Silver Bullion Providers.

Amongst most of those Market Makers, Gold Dealers, Bullion Banks I was shocked most by one website that I found that had such a large litigation history that I could not believe they still existed. Rated “D” by Better Business Bureau.

This Entity still is operating but never discloses, as required, this negative history. I assume that is why they are still doing business in the Precious Metal’s Sector.

That Entity is Monex Gold Depository Company located in Newport Beach, CA.

I compared MonexGold to GoldMoney in London, Zurich and HongKong for direct purchases of Gold and Silver Bullion. GoldMoney buys directly from Gold Bullion Refiners….not from the major Gold Bullion Banks.

What a difference between MonexGold and GoldMoney?

As in any due diligence exploration to assure every best effort has been made so as to preserve, protect and defend our own purchasing power, as a hedge against printed “fiat” electronic printed paper money, it seems highly probable that real assets like Registered Diamonds, Real Estate and Gold are the only “real money” choices.

Good Due Diligence can dig up a lot of shocking discoveries. Please, invest the time and share your findings so that we all can continue and discover the downsides “out there” by visiting and comparing GoldMoney against MonexGold’s website in Newport Beach, CA.

What a massive difference in required disclosures and litigation history. Due diligence is a must in this economic environment.

In these times, stay well and prosper.

Jonathan

6.

ملتقى صبايا العرب
March 25th, 2011 at 9:40 pm

Its mostly in savings at the moment, but I’m putting more into an index fund in an attempt to change to a better allocation.صبايا العرب

7.

شات
August 2nd, 2011 at 5:32 pm

jfps http://www.q8motor.com/

8.

شات صوتي
August 2nd, 2011 at 6:17 pm

qe http://www.q8cam.com/vb

9.

Savings Accounts
August 9th, 2011 at 12:39 am

I keep my savings in an online high interest savings account. There is no point keeping savings if it isn’t going to earn you a little bit of interest!

10.

دردشة مصرية
September 15th, 2011 at 8:23 am

mcryh resha

11.

The Invest In Silver Guy
November 12th, 2011 at 7:55 pm

At This Time the economic state is so insane and many people really really don\’t comprehend just what is REALLY materializing! It actually is really just how many sheepel go along with the rest and then never think for their selves. For me personally I invest in silver considering that it is REAL money and not simply a piece of paper that can usually get printed anytime someone bats an eye. Many thanks friend for the terrific blog post, a lot more individuals should be informed in finances!

12.

رسائل
November 21st, 2011 at 9:32 pm

I have a presentation that I am presently working on
التقويم الميلادي 2012

13.

شات
January 27th, 2012 at 10:13 pm

thanx this topic very very good

i will spend my time in this site

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