Quote:
Originally Posted by CliffFletcher
Frankly, in today’s economic climate you’re kind of a chump if you save.
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Not only are you a chump if you save, but saving actually makes you poorer today. GICs, and government bonds pay less than inflation and even mortgage rates are now below inflation. The only option if you don't want your nest egg to lose it's value to is to invest in equites, businesses, or buying properties.