Originally posted by
For many it's usually some type of insurance, I expect. For me, right now, it's the raised sewer bill! It's positively scandalous to have to pay so much for sewer when my water bill is so low!
An expense I really dislike paying, are service fee's related to banking and money management. It doesn’t matter whether it's a checking account, ATM, saving's account, business account, or investment's in general. I feel as though I'm paying someone to use my money.
Still sticks in my craw;
Some time back, my long time broker at Merrill Lynch retired,. He was unceremoniously replaced by a new young gun. This young gun’s first suggestion, was for me to invest retirement funds in an energy firm. It then only took thirty days for this stock to drop by half. This paper loss necessitated a one on one meeting with the new young gun. I suggested that it might be wise to sell the stock, and cut my losses. He on the other hand, was still very gung ho, and felt I should stay the course. Soon after, my investment went Bankrupt. This was not a paper loss, it was a never “friggin’” see my money again loss. So, what does this have to do with a bill? I was charged a large transaction fee from Merrill Lynch, for the privilege of seeing my retirement money disappear. In retrospect, I would have been better off going to see David Copperfield, and watch him disappear.