Comments on: Saving is for suckers? http://www.manojganesan.com/2009/10/21/saving-is-for-suckers/ It is no use to keep private information which you can't show off - Mark Twain Fri, 03 Sep 2010 01:32:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: What the radical Supreme Court ruling means to you | SoundInvesting.info http://www.manojganesan.com/2009/10/21/saving-is-for-suckers/comment-page-1/#comment-1749 What the radical Supreme Court ruling means to you | SoundInvesting.info Sun, 14 Feb 2010 17:05:11 +0000 http://www.manojganesan.com/?p=184#comment-1749 [...] monelog » Blog Archive » Saving is for suckers? [...] [...] monelog » Blog Archive » Saving is for suckers? [...]

]]> By: Forget Gold, Buy The Unexpected | SoundInvesting.info http://www.manojganesan.com/2009/10/21/saving-is-for-suckers/comment-page-1/#comment-1741 Forget Gold, Buy The Unexpected | SoundInvesting.info Thu, 11 Feb 2010 21:21:10 +0000 http://www.manojganesan.com/?p=184#comment-1741 [...] monelog » Blog Archive » Saving is for suckers? [...] [...] monelog » Blog Archive » Saving is for suckers? [...]

]]> By: Manoj http://www.manojganesan.com/2009/10/21/saving-is-for-suckers/comment-page-1/#comment-1460 Manoj Fri, 23 Oct 2009 15:30:34 +0000 http://www.manojganesan.com/?p=184#comment-1460 Well, relying your growth on mass mentality is a pretty dicey investment strategy to me. I know that overall (over a period of time) things seem rosy, but a depression could just hit you at the worst time. Yes, socking income away in a savings account, the same material amount every time unit is a dumb thing, because you'll never reach your goal. I'm talking about scaling your amounts, every time unit, according to whatever has devalued your money (assuming you're still earning according to these changes). Well, relying your growth on mass mentality is a pretty dicey investment strategy to me. I know that overall (over a period of time) things seem rosy, but a depression could just hit you at the worst time. Yes, socking income away in a savings account, the same material amount every time unit is a dumb thing, because you’ll never reach your goal. I’m talking about scaling your amounts, every time unit, according to whatever has devalued your money (assuming you’re still earning according to these changes).

]]> By: Suriya Subramanian http://www.manojganesan.com/2009/10/21/saving-is-for-suckers/comment-page-1/#comment-1459 Suriya Subramanian Fri, 23 Oct 2009 14:30:59 +0000 http://www.manojganesan.com/?p=184#comment-1459 "To invest more because banks make too much of a profit out of your money is too reactive a philosophy to get into full-scale mutual fund/stocks/index funds investment." I agree with this. But I do not get the rest of what you are trying to say. The linked article says "socking income away in a savings account may be the dumbest idea in the world." which I thought was its message, which I absolutely agree. Am I missing something? “To invest more because banks make too much of a profit out of your money is too reactive a philosophy to get into full-scale mutual fund/stocks/index funds investment.”

I agree with this. But I do not get the rest of what you are trying to say.

The linked article says “socking income away in a savings account may be the dumbest idea in the world.” which I thought was its message, which I absolutely agree. Am I missing something?

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