You, sir, are thinking ahead.
Question: What is the purpose of the last step of purchasing shares in the bank or bearer bonds?
Are the funds not safe simple in the account? If not, why not?
As are you. Birds somewhat of a feather.
I have tried to help everyone on this thread you created , as much as possible.
Hubby and I saw this Socialism coming years ago!!!
Paid off all our debts including all mortgages,Credit Cards,moved to the country,Bought guns ammo,gold,silver,art,took special care to employ our family in our business,cut back on spending,researched the local banks until we found a couple sound ones,with limited or no exposure to the mortgage crisis and split our money between them,and just are hunkering down to ride this out. And laughing at the fools who think Obama will save them.
I’m not very savvy about money, the various ideas on this thread are quite astonishing to me...as well as a bit confusing. One year ago I pulled all my money out of the stock market. Not that I’m rich or anything, but it’s my nest egg. Stuck all in Bank CD’s, as that seemed safest for time being. Now I’ve watched the decrease in interest rates to the point where it’s hardly worth keeping in the bank. The old “under the mattress” strategy is starting to seem the safest thing, in a fireproof lock box. At least then I can get my hands on it fast if necessary!