04 Aug 12 08:40, Mark Hofmann wrote to Roy Witt:



 RW>> 8^) So does keeping it in the stock market. One of my stocks has
 RW>> gone down below what I paid for it originally. The rest seem to do
 RW>> fluctuate just above that. But I'd sure like to see them where they
 RW>> were 4 years ago.

 MH> I had stock funds for my daughters that I started when they were
 MH> born. Last year, my oldest daughter turned 18 and she was able to
 MH> cash it in. The total return on 18 years was around 4%.

You would have been better served with that money in a money market fund.
Up until Obama began spending us into this economy, my money market was
paying more than your 18 year total, per month.

 MH> That translates into a loss when you calculate in the fact that the
 MH> cost of living has more than doubled since then.  I would have needed
 MH> to make over 100% just to keep up with the cost of living.

With the inflation rates of the last 20 years, you lost money.

 MH> Things have been going to crap ever since the best president we ever
 MH> had, Reagan, was in office.  We are just going faster and faster in
 MH> the wrong direction with each year that passes.

That will all change in January.

 RW>> So does owning a house, but we'll all have to live with that.
 RW>>

 MH> Yes, but owning a home will always be better than throwing money out
 MH> the window on rent.

Some people don't believe that because the money paid in rent is a cost
of living, no matter where that is. I had a friend who rented and put what
he saved in loan interest into a money market fund. He died a rich man and
someone else rented his apartment the following month.

                R\%/itt

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