Yes, but when it comes to 'buying' a new car, the VAST majority of Americans lease or finance it. Very few people actually pay $30K in cash to buy a loaded Honda Accord, for example. The only people I know who pay cash outright for a brand new, non-luxury car (~$30,000) are people who have above-average incomes and don't care for performance or status. I also know people with above-average incomes who only lease/finance new cars that are in the $60-90K price range and never actually pay cash to own a car outright.
Never did I say you can generate a guaranteed 3%. I'm just saying that it's not hard if you're willing to invest in some more risky vehicles. The only 'guaranteed' returns you speak of can be found in money market funds or high yield savings accounts that yield 7-8 BPs.
19.76% since August 2011 (when I first started working). You are correct -- 4-5% APY is good for this environment. I place riskier bets and most of them have paid off.. hence my higher returns.
As for retirement funds, are you referring to pension funds? 401(k)s? IRAs?
the comment was only stupid people buy cars without having twice its value in cash
hardly anyone can do that
I'm sorry, but I'm not buying 20% in less than 1 year with a 401
it is hard to make 3%, and easier to lose money in risky bets
I've been investing since the mid 80's
where can I find a MM , CD or savings accounts that guarantee 7-8 points or 0.07-0.08% (1 BP = 1/100th %) and why would I want it. lol
I can get 1 to 1.5% locally
large state retirement funds are having trouble yeilding 3%