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To: Jim McMannis who wrote (90685)10/20/1999 1:15:00 PM
From: dumbmoney  Respond to of 186894
 
RE:"Why will high interest rates allow you to live comfortably ?"...
I believe its called putting your money in interest bearing securities and living off the interest...

Jeez...

High nominal rates (implying high inflation) are bad, because you pay taxes on the inflation.



To: Jim McMannis who wrote (90685)10/20/1999 1:53:00 PM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
McJimbo - Re: "I believe its called putting your money in interest bearing securities and living off the interest... "

Easy to do as long as youhave plenty of money - in which case almost any interest rate will work.

However, at the margin, if an 8 or 9% interest rate is required for comfortable living, I hope he locks up that rate for a long while - which itself can be bad if interest rated DOUBLE beyond that level.

Paul


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