What are they doing with your savings?
Banks have been posting exceptionally high profits. Americans are becoming more thrifty and building their savings accounts. Yet, instead of banks rewarding depositors with higher rates of return on savings they are lowering them! And Americans keep stashing cash into their banks; over $10 Trillion is on deposit! That’s excellent news!
Or is it?
It’s wonderful to see Americans saving more and slowly breaking their collective financial enslavement to Madison Fifth Avenue. But instead of being rewarded by the big banks Americans are now treated as if the banks are entitled to their deposits. Have you actually calculated your rate of return on your savings account? CD? Money Market Account? I pick up more change on the streets while walking my dog than most Americans earn in their accounts each month. And that’s pathetic!
You can continue to be treated as if your bank is entitled to your money and continue to be enslaved by the mantra that the banks deserve your money OR you can start exploring options for investing and saving. And of course – I have an option for you to explore: Pride of Austin High Yield Fund 1 (A Regulation D Security filed with SEC)!
Here is it by the numbers:
18.5% Annualized Return paid out for the 4th Quarter of 2011
17.6% Yield paid out for 2011
15.93% Historical Yield since inception (December 2008)
Compare that with your bank statements!
Is your retirement account flat? Change it to a self-directed retirement account and take charge of your future.
Interested in learning more? Contact us and we’ll help you break free of the feeling that banks are entitled to your money and that you do not deserve to be rewarded for your hard work and commitment to saving more.