Is your credit card balance growing in these hard times? Be alert
to this costly faux paus I fell prey to.
Now I find myself being charged 43.00 and 68.oo a month by credit protector.
Perhaps I signed up for this when my Wells Fargo banker. When Wells Fargo signed me up for the credit card they put in a credit
protector plan unbeknownst to me. It started out at $8.99 per month and grew until now it is .899 per $1,000.
All this time a maximum ripoff has been happening against my account and
I guess I get the stupid award..
The rate on this account was just increased to 24% per annum too.
Now that I just cancelled it in disgust I realize that maybe I might have
wanted it.
No, Let it go. Financial service institution’s are just anathema
lately.
My Wells Fargo transfer from Wachovia from Aged wards a three tier transfer
resulted in a annual fee from my cash balance of $218 MINUS $60 ANNUAL FEE = 158.00 NOW
With respect to any financial services company the fine print will kill
you
Fruit Jar Federal Savings seems to be the only safe port in this storm
Don't even go on line to pay bills and bank.
Our PC Leader just had his day job laptop stolen, He thanks God he was too chicken to put any financial info in the computer,
never even bought stuff online!!! Praise the Lord for prudence. The three days gross receipts the computer cost
is another story. PC Leader says, "I was only worried about hackers, bots, etcetera operating over the net.
Imagine the havoc to be done once they've stolen your whole computer!!!"
Don't be a Gehazi (2 Kings 5:26), greedy one. Remember what
times we are in. Remember the key to contentment (Phillipians 4:11).
Still, God wants us to be the best stewards we can be.
One pc reports that he asked to be shown 6 or 7 stocks by an A.G. Edwards pair
who solicited him by phone and sent him a "dreams come true with us" brochure and letter. The analyst told him
he had some ideas and wanted to do research and then would call. Instead, they called him to come in, and while his
two children watched their t.v. they showed him a medtech stock he laughed at and picked apart. No six or
seven stocks to diversify. When they intimated he might go buy the doggy stock from a discount broker he bought 6% of
what he planned to invest to show good faith. This stock A.G. Edwards made a market in collapsed to a third of value
within a week and the pc never ever got a call from them. The stock is worthless.
Heypcs recommends divestment from stock and bond type accounts
in favor of fruit jar federal savings, what used to be a joke about saving your money at home.
A pc had a small Ira with around $200 sold through Metlife called
state Street Research Funds. It merged or somehow became Blackrock Funds. You pcs better read the propspectus
when that happens(Gehazi doesn't need a Bible or devotional to read, he's got post and pre merger prospecti to read regarding
his $200 account.)
$15 per month service charges later, when only $88 (after Dec 30"s
$15 servioce charge) remained he cashed out happily willing to absorb the 10% IRS pre age 59 premature distribution
penalty. (The nice Blackrock funds people cashed him out for $73 on January 9 scarfing down another $15 just
11 days after the last one.
Heypcs stewardship strategy: Divest IRA's and pay
the 10% Irs penalty, if you are 60 years old there won't be any penalty. Taxes`will be due. Penalties plus taxes
may be below service charges and account maintenance fees inflated many times through numerous unread prospecti.
Your old Dean Witter IRA's are now being pillaged in like fashion by
Morgan Stanley. I.e. $2,000 account suffering $75 quarterly account maintenance fees.*
We hear these practices are industry wide and firmlly recommend fruit
jar federal!
Super c strategy
If this money is near forgotten and out of mind enough to be cionfiscated
unawares by the securities(insecurities really!) industry, then a great c super strategy is start an inventive gospel
spreading enterprize with the money. Ask the Holy Spirit for an idea Proverbs 8:12.
Your return will be much higher and fully guaranteed to never stop
paying off "make freinds with unrighteous mammon that you may receive back in your everlasting habitation."
As to self directed retirement at social security, the securities industry
has already shown they will pillage "average Joe's" retirement; so skip the selfdirection and leave it alone.
