{"id":259,"date":"2011-12-22T05:50:00","date_gmt":"2011-12-22T10:50:00","guid":{"rendered":"http:\/\/littlesvr.ca\/grumble\/?p=259"},"modified":"2012-12-05T00:53:08","modified_gmt":"2012-12-05T05:53:08","slug":"save-your-money-impossible","status":"publish","type":"post","link":"http:\/\/littlesvr.ca\/grumble\/2011\/12\/22\/save-your-money-impossible\/","title":{"rendered":"Save your money? Impossible."},"content":{"rendered":"

A set of circumstances have left me with a lot of time on my hands. I’ve spent some of several days reading back posts on Garth Turner’s blog<\/a>. He got kicked out of the conservative party so probably isn’t a total asshole.<\/p>\n

I started reading it because of my interest in real estate, and the obscene rise in housing prices in the last several years. But reading his rants for a few months back I’ve now got even bigger concerns.<\/p>\n

I’m sure everyone has seen the “save your money” commercial (even I have, though I don’t watch TV). And I bought the idea. My risk tolerance is zero, and I’d 100% rather not lose money and not gain interest than take risks on investment portfolios that may return 10% or may cost the same.<\/p>\n

But things have changed since I started building up my savings. The savings account interest has been at 1.5% or lower for years, but the inflation is steady at 3%. That means I’m losing 1.5% of my savings every year.<\/p>\n

To add insult to injury I’m paying taxes on the 1.5% interest (even though it’s actually a 1.5% loss). So after taxes I’m making 0.9%. That means after taxes I’m losing 2.1% of my savings every year<\/strong>.<\/p>\n

That makes me want to cry.<\/p>\n

What choice do I have? Get a portfolio and risk losing everything quickly, or slowly lose everything over a long period of time?<\/p>\n

I guess I shouldn’t complain too much, there are plenty of people who lost their life’s savings in the stock market, at least I have.. 100\/2.1.. roughly fifty years to lose it all. I should research how compound negative interest works :)<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

A set of circumstances have left me with a lot of time on my hands. I’ve spent some of several days reading back posts on Garth Turner’s blog. He got kicked out of the conservative party so probably isn’t a total asshole. I started reading it because of my interest in real estate, and the … <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-andrew","4":"post-259","6":"format-standard","7":"category-uncategorized"},"_links":{"self":[{"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/posts\/259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/comments?post=259"}],"version-history":[{"count":5,"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/posts\/259\/revisions"}],"predecessor-version":[{"id":264,"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/posts\/259\/revisions\/264"}],"wp:attachment":[{"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/media?parent=259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/categories?post=259"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/littlesvr.ca\/grumble\/wp-json\/wp\/v2\/tags?post=259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}