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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35367  
Subject: Re: Comparing Savings Yields for Oregon Resident Date: 2/20/2006 11:22 AM
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Mark,

Charlie has explained his definitions of the words several times already, and they should also be obvious from context.

He is not trying to confuse but to educate. I'm surprised that you're attributing ulterior motives to him as he is always quite upfront about everything.

I don't mind it when people use different definitions for words than I do, as long as they're consistent. I can "translate".

When Charlie says
Savings vehicles, on average and over the long haul going forward, will never preserve purchasing power
he means that savings vehicles always lose to inflation. However much purchasing power you start with, you'll end up with less. (As opposed to the stock market, where you have a quite good chance of ending up with more purchasing power.)

When Charlie says
But savings vehicles can be an effective tool for conserving purchasing power
he means that you probably won't lose THAT MUCH purchasing power, especially in the short-term. (As opposed to the stock market, where over a short term you have a significant chance of ending up with less purchasing power).
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