I’ve never had a bank account.

[NewtoSanDiego]

Sounds like the Obama admistration is trying to expand on these collective organizations. I’m all for banks shutting down these so called credit unions.

What’s next collectives for heathcare?

We are headed down socialism path and the democrats are ramming down the healthcare plan with death panels.

If you want true change, vote Palin 2012

[LA Reader]

[quote=NewtoSanDiego]Sounds like the Obama admistration is trying to expand on these collective organizations. I’m all for banks shutting down these so called credit unions.

What’s next collectives for heathcare?

We are headed down socialism path and the democrats are ramming down the healthcare plan with death panels.

If you want true change, vote Palin 2012[/quote]

Yes! Palin for 2012!!!!!!!!!!!!

[LA Reader]

[quote=NewtoSanDiego]Sounds like the Obama admistration is trying to expand on these collective organizations. I’m all for banks shutting down these so called credit unions.

What’s next collectives for heathcare?

We are headed down socialism path and the democrats are ramming down the healthcare plan with death panels.

If you want true change, vote Palin 2012[/quote]

Yes! Palin for 2012!!!!!!!!!!!!

[LA Reader]

[quote=NewtoSanDiego]Sounds like the Obama admistration is trying to expand on these collective organizations. I’m all for banks shutting down these so called credit unions.

What’s next collectives for heathcare?

We are headed down socialism path and the democrats are ramming down the healthcare plan with death panels.

If you want true change, vote Palin 2012[/quote]

Yes! Palin for 2012!!!!!!!!!!!!

[LA Reader]

[quote=NewtoSanDiego]Sounds like the Obama admistration is trying to expand on these collective organizations. I’m all for banks shutting down these so called credit unions.

What’s next collectives for heathcare?

We are headed down socialism path and the democrats are ramming down the healthcare plan with death panels.

If you want true change, vote Palin 2012[/quote]

Yes! Palin for 2012!!!!!!!!!!!!

[LA Reader]

[quote=NewtoSanDiego]Sounds like the Obama admistration is trying to expand on these collective organizations. I’m all for banks shutting down these so called credit unions.

What’s next collectives for heathcare?

We are headed down socialism path and the democrats are ramming down the healthcare plan with death panels.

If you want true change, vote Palin 2012[/quote]

Yes! Palin for 2012!!!!!!!!!!!!

[moneymaker]

Without reading the entire post(commercial,I’m guessing you spent some of those 20 years perhaps working at a credit union) I will say I started out with a well known credit union,because that’s where one of my parents kept their money. Well I had to move my money else where because they weren’t paying enough in interest. I still have that account open and if they ever decide to pay decent interest I would be happy to move my money back. Truth is you really do have to shop around. My most recent account opened was with US Bank and I like the people they have working for them at my local branch. Honestly most of my money is with what used to be WAMU, I’m not sure if I like Chase to me they resemble a little too closely a bank that sounds like an old stage coach. Anyway just thought I’d counter the original posting, I know financial institutions are a business and just because they are bigger or more efficient does not necessarily mean they are going to share that wealth with you the customer.P.S>Anybody know who pays the best interest right now?

[moneymaker]

Without reading the entire post(commercial,I’m guessing you spent some of those 20 years perhaps working at a credit union) I will say I started out with a well known credit union,because that’s where one of my parents kept their money. Well I had to move my money else where because they weren’t paying enough in interest. I still have that account open and if they ever decide to pay decent interest I would be happy to move my money back. Truth is you really do have to shop around. My most recent account opened was with US Bank and I like the people they have working for them at my local branch. Honestly most of my money is with what used to be WAMU, I’m not sure if I like Chase to me they resemble a little too closely a bank that sounds like an old stage coach. Anyway just thought I’d counter the original posting, I know financial institutions are a business and just because they are bigger or more efficient does not necessarily mean they are going to share that wealth with you the customer.P.S>Anybody know who pays the best interest right now?

[moneymaker]

Without reading the entire post(commercial,I’m guessing you spent some of those 20 years perhaps working at a credit union) I will say I started out with a well known credit union,because that’s where one of my parents kept their money. Well I had to move my money else where because they weren’t paying enough in interest. I still have that account open and if they ever decide to pay decent interest I would be happy to move my money back. Truth is you really do have to shop around. My most recent account opened was with US Bank and I like the people they have working for them at my local branch. Honestly most of my money is with what used to be WAMU, I’m not sure if I like Chase to me they resemble a little too closely a bank that sounds like an old stage coach. Anyway just thought I’d counter the original posting, I know financial institutions are a business and just because they are bigger or more efficient does not necessarily mean they are going to share that wealth with you the customer.P.S>Anybody know who pays the best interest right now?

[moneymaker]

Without reading the entire post(commercial,I’m guessing you spent some of those 20 years perhaps working at a credit union) I will say I started out with a well known credit union,because that’s where one of my parents kept their money. Well I had to move my money else where because they weren’t paying enough in interest. I still have that account open and if they ever decide to pay decent interest I would be happy to move my money back. Truth is you really do have to shop around. My most recent account opened was with US Bank and I like the people they have working for them at my local branch. Honestly most of my money is with what used to be WAMU, I’m not sure if I like Chase to me they resemble a little too closely a bank that sounds like an old stage coach. Anyway just thought I’d counter the original posting, I know financial institutions are a business and just because they are bigger or more efficient does not necessarily mean they are going to share that wealth with you the customer.P.S>Anybody know who pays the best interest right now?

[moneymaker]

Without reading the entire post(commercial,I’m guessing you spent some of those 20 years perhaps working at a credit union) I will say I started out with a well known credit union,because that’s where one of my parents kept their money. Well I had to move my money else where because they weren’t paying enough in interest. I still have that account open and if they ever decide to pay decent interest I would be happy to move my money back. Truth is you really do have to shop around. My most recent account opened was with US Bank and I like the people they have working for them at my local branch. Honestly most of my money is with what used to be WAMU, I’m not sure if I like Chase to me they resemble a little too closely a bank that sounds like an old stage coach. Anyway just thought I’d counter the original posting, I know financial institutions are a business and just because they are bigger or more efficient does not necessarily mean they are going to share that wealth with you the customer.P.S>Anybody know who pays the best interest right now?

[LuckyInOC]

Here’s a thought…

Pick a TBTF bank:
#1 – Put $10K into a CD in that bank.
#2 – Buy $10K of Stock.

After a year, which would yield more?
I know the risks are different.
It’s a question of choice…
Invest it or Save it.

If you are complaining the banks are making too much money, then may be you should be investing in the stock and reaping some of your gov’t money back.

It might help to pay those additional taxes.

A premium window contractor wanted me to sell me replacement windows that would have cost $30k to save me money on my utility bills. My utility bills were less than $200 per month (we don’t need to use our heaters or AC much). Even if my utility bills went to $0, it still would be a 12.5 year payback. If I save 50% on my bill, my payback would be 25 years. Of course as utility costs would rise, payback would be faster. The question would be how much.

On most utility bills, half of the cost is distribution costs. Regardless of how much energy we use, these cost must offset the fixed costs of the utility. As our energy use is reduced collectively, percentage of these fixed costs must rise on the bill. These cost will always rise regardless of the energy used. This will offset any perceived savings. The ones who will benefit the most will be the ones who incur the savings first, kind of like a pyramid scheme.

On utility cost alone, I would probably never live to see the $30k windows payback and I’m 49yo. I could not justify the cost of $30k in windows.

Result: Purchased same efficiency window with low-cost contractor for $10k. I needed new windows for other reasons than energy usage (comfort, noise, leakage, dust, etc.). Invested the other $20k. And I will still not see any payback on the $10k.

The morale of the story: it was more ‘cost effective’ to invest $30K in the utility companies than to change out my windows. It is very unlikely they will go BK. They get equitable cost adjustments every year. The yearly ROI would pay my utilities – win-win. Investment rule #1: Invest in what you use – pay yourself back.

LuckyInOC

[LuckyInOC]

Here’s a thought…

Pick a TBTF bank:
#1 – Put $10K into a CD in that bank.
#2 – Buy $10K of Stock.

After a year, which would yield more?
I know the risks are different.
It’s a question of choice…
Invest it or Save it.

If you are complaining the banks are making too much money, then may be you should be investing in the stock and reaping some of your gov’t money back.

It might help to pay those additional taxes.

A premium window contractor wanted me to sell me replacement windows that would have cost $30k to save me money on my utility bills. My utility bills were less than $200 per month (we don’t need to use our heaters or AC much). Even if my utility bills went to $0, it still would be a 12.5 year payback. If I save 50% on my bill, my payback would be 25 years. Of course as utility costs would rise, payback would be faster. The question would be how much.

On most utility bills, half of the cost is distribution costs. Regardless of how much energy we use, these cost must offset the fixed costs of the utility. As our energy use is reduced collectively, percentage of these fixed costs must rise on the bill. These cost will always rise regardless of the energy used. This will offset any perceived savings. The ones who will benefit the most will be the ones who incur the savings first, kind of like a pyramid scheme.

On utility cost alone, I would probably never live to see the $30k windows payback and I’m 49yo. I could not justify the cost of $30k in windows.

Result: Purchased same efficiency window with low-cost contractor for $10k. I needed new windows for other reasons than energy usage (comfort, noise, leakage, dust, etc.). Invested the other $20k. And I will still not see any payback on the $10k.

The morale of the story: it was more ‘cost effective’ to invest $30K in the utility companies than to change out my windows. It is very unlikely they will go BK. They get equitable cost adjustments every year. The yearly ROI would pay my utilities – win-win. Investment rule #1: Invest in what you use – pay yourself back.

LuckyInOC

[LuckyInOC]

Here’s a thought…

Pick a TBTF bank:
#1 – Put $10K into a CD in that bank.
#2 – Buy $10K of Stock.

After a year, which would yield more?
I know the risks are different.
It’s a question of choice…
Invest it or Save it.

If you are complaining the banks are making too much money, then may be you should be investing in the stock and reaping some of your gov’t money back.

It might help to pay those additional taxes.

A premium window contractor wanted me to sell me replacement windows that would have cost $30k to save me money on my utility bills. My utility bills were less than $200 per month (we don’t need to use our heaters or AC much). Even if my utility bills went to $0, it still would be a 12.5 year payback. If I save 50% on my bill, my payback would be 25 years. Of course as utility costs would rise, payback would be faster. The question would be how much.

On most utility bills, half of the cost is distribution costs. Regardless of how much energy we use, these cost must offset the fixed costs of the utility. As our energy use is reduced collectively, percentage of these fixed costs must rise on the bill. These cost will always rise regardless of the energy used. This will offset any perceived savings. The ones who will benefit the most will be the ones who incur the savings first, kind of like a pyramid scheme.

On utility cost alone, I would probably never live to see the $30k windows payback and I’m 49yo. I could not justify the cost of $30k in windows.

Result: Purchased same efficiency window with low-cost contractor for $10k. I needed new windows for other reasons than energy usage (comfort, noise, leakage, dust, etc.). Invested the other $20k. And I will still not see any payback on the $10k.

The morale of the story: it was more ‘cost effective’ to invest $30K in the utility companies than to change out my windows. It is very unlikely they will go BK. They get equitable cost adjustments every year. The yearly ROI would pay my utilities – win-win. Investment rule #1: Invest in what you use – pay yourself back.

LuckyInOC

[LuckyInOC]

Here’s a thought…

Pick a TBTF bank:
#1 – Put $10K into a CD in that bank.
#2 – Buy $10K of Stock.

After a year, which would yield more?
I know the risks are different.
It’s a question of choice…
Invest it or Save it.

If you are complaining the banks are making too much money, then may be you should be investing in the stock and reaping some of your gov’t money back.

It might help to pay those additional taxes.

A premium window contractor wanted me to sell me replacement windows that would have cost $30k to save me money on my utility bills. My utility bills were less than $200 per month (we don’t need to use our heaters or AC much). Even if my utility bills went to $0, it still would be a 12.5 year payback. If I save 50% on my bill, my payback would be 25 years. Of course as utility costs would rise, payback would be faster. The question would be how much.

On most utility bills, half of the cost is distribution costs. Regardless of how much energy we use, these cost must offset the fixed costs of the utility. As our energy use is reduced collectively, percentage of these fixed costs must rise on the bill. These cost will always rise regardless of the energy used. This will offset any perceived savings. The ones who will benefit the most will be the ones who incur the savings first, kind of like a pyramid scheme.

On utility cost alone, I would probably never live to see the $30k windows payback and I’m 49yo. I could not justify the cost of $30k in windows.

Result: Purchased same efficiency window with low-cost contractor for $10k. I needed new windows for other reasons than energy usage (comfort, noise, leakage, dust, etc.). Invested the other $20k. And I will still not see any payback on the $10k.

The morale of the story: it was more ‘cost effective’ to invest $30K in the utility companies than to change out my windows. It is very unlikely they will go BK. They get equitable cost adjustments every year. The yearly ROI would pay my utilities – win-win. Investment rule #1: Invest in what you use – pay yourself back.

LuckyInOC

[Author]

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