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Thread: Fed rate cuts and your wallet
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03-17-2008, 06:32 PM #1Registered User
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Fed rate cuts and your wallet
Fed rate cuts and your wallet
We've already had five interest rate cuts since September of last year. And we may be on the verge of yet another one. What will this mean to your wallet?
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03-17-2008, 09:31 PM #2Registered User
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It means nothing to me. We as an American people are not financially sound. We do not have ample savings or investments. We buy lots of stuff on credit. When we truly need something we have to buy that on credit. We are in this mortage mess because people bought houses they couldn't afford and defaulted. People with bad credit bought houses and defaulted. I am guilty of not having enough in savings. I have 1 small personal loan, 1 atv loan, and a house payment. I'm trying my best to get rid of the 2 loans so I'll just have the mortgage. Then I can save more and work on paying off my house. I'm tired of not being a financially sound American.
Carrie, ravenmaniac - I love my Ravens!!!!
Play Like a Raven!
Rock the Red - C-A-P-S CAPS! CAPS! CAPS!
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03-17-2008, 09:58 PM #3Registered User
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means I'll get less interest income from my CD's so I will have to buy shorter term CD's so I can cash out quickly and re-invest into something else, maybe stocks, maybe real estate...
lets see what happens but I'll be sure to be ready for anything and can liquidate into cash quickly...
cash is king.
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03-17-2008, 10:15 PM #4Registered User
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I would have it covered.
I've been debt free and investing for 12 years.
I'm ready for anything.
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