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Reply #90: Sure they can. [View All]

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Fuddnik Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-08-11 01:39 PM
Response to Reply #87
90. Sure they can.
I could give you -5% right now.

You give me $100 and I'll give you back $95, a year from now. Unless I can work the magic of compound negative interest, and maybe give you back just $93.

But, on the bright side, dealing with Honest Fudd, you'll lose a lot less than if you invested in, oh say...Bank of America?

I used to know a guy who was a financial advisor. He used to push these Templeton Funds, really hard around the time of the dot-com bust. He brought some prospectuses (prospecti?) to the bar for some of us to look at. I looked them over and said, these have all lost money the last couple of years. His answer? "Yeah, but they lost less than everyone else!" I kidd you not.

I said, No thanks. I'll put it in the credit union at positive interest.

I don't think he's in that business any more.

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