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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: chris714 who wrote (6784)	1/10/2003 3:42:52 PM
From: Tommaso	Respond to of 39344

>>>I am continuing to add to TIPS Funds.<<< A TIPS fund was among the limited alternatives for my wife's pension money. I expect that TIPS will be knocked down like all other bonds by rising interest rates, but then should at least break even as inflation kicks in and they are adjusted for it. Meantime, they have been wonderful for the last eighteen months--up over 20%, I think. I do admire Tobias's book for all its practical advice on living cheaply and saving money. I carry it even further. There are a lot of people nowadays who will not bend over to pick up a penny, but it takes about two seconds to do so and that makes a tax-free income of $18 an hour (better than $30 an hour with deductions) plus it's good exercise. And there are actually people who think they are saving money by making minimum payments on a credit card and putting money in a savings account. And people who think that if you turn the thermostat up to eighty when the house is cold, it will warm up to 70 faster than if you just set it to 70. People who land high-paying jobs right out of college or who inherit money may find penny-pinching silly, but that's the way Warren Buffet and John Templeton got started, and that's the way that a lot of us accumulated the capital to start investing in the first place.