The investment theory is a good one…. but with interest hovering around 1% for CD’s…50 cents would still only be $1.11 in 80 years!Passbook savings is paying a TENTH of a percent…. you’ll never make it to a dollar.(Don’t know exactly cos the online calculators won’t accept less than 1%.)
A really good investment at 6% would yield a bit over $60… still not enough for one night in a retirement home by 2096…and a pack of gum might cost $60 by then.then you have to figure Agnes’ idea of a good investment…we’ve seen her schemes…
Just buy the gum, if you can still find any for 50¢.In 40 years, at least you’ll have a story to tell your grandchildren about when gum cost less than a dollar.
The investment theory is a good one…. but with interest hovering around 1% for CD’s…50 cents would still only be $1.11 in 80 years!Passbook savings is paying a TENTH of a percent…. you’ll never make it to a dollar.(Don’t know exactly cos the online calculators won’t accept less than 1%.)
A really good investment at 6% would yield a bit over $60… still not enough for one night in a retirement home by 2096…and a pack of gum might cost $60 by then.then you have to figure Agnes’ idea of a good investment…we’ve seen her schemes…
Just buy the gum, if you can still find any for 50¢.In 40 years, at least you’ll have a story to tell your grandchildren about when gum cost less than a dollar.