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Thread: Peeps suggestion to you.
03-03-2013, 12:02 PM #1
Peeps suggestion to you.
I dont care what age you are this is an important peice of information ill be giving you.
As much as i hate the current monetary system you have to work witht he tools you are given in a world to survive.
So peeps suggestion to you.
YOU ALL SHOULD GO TALK TO AN FINACIAL ADVISER
What you may not know is there is a constant inflation going on in the world including your governments. What my adviser told me is governments usualy settle for 3% per year.
So every year say if you have 100$ next year your money will be worth about 97$ compaired to what it was the year before.
So what you should be doing with your money is talking to a finacial adviser and see if you can find a plan that gives you more money than the inflation rate will be so while your monies value may be diminishing each year your moneys growth will match that of what your money is worth.
But by doing this you have a risk factor. you may never lose money in lower risk investments however your interest rate will not be above that of which the inflation rate will be therefore you actualy are losing spending power.
So my suggestion for all of you younger and older(most likely older have already started) is go to whoever you do your banking with and speak to an adviser to find out what type of investments would be good for you.... its always good to start investing earlier
03-03-2013, 12:18 PM #2
My family just buys gold
03-03-2013, 12:29 PM #3
03-03-2013, 12:49 PM #4
I've already started when I was 16. Savings bonds will payback in the future for sure .
03-03-2013, 01:07 PM #5
03-03-2013, 03:43 PM #6
03-03-2013, 03:48 PM #7
Last edited by Clay10; 03-03-2013 at 03:53 PM. Reason: Merged
03-04-2013, 12:58 PM #8
03-04-2013, 01:01 PM #9
03-04-2013, 01:08 PM #10