I agree that a savings account is a form of investment. It probably is not the right place for the bulk of your money, however, since the interest rate is very low and doesn't keep up with inflation, meaning you actually lose money each year. For example, if inflation is 3% and your account earns 1.5% (and is taxable), your net return is actually a negative number.
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Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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