Interesting article about getting rid of the penny

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Interesting article about getting rid of the penny

Postby highroller4321 » Thu Apr 05, 2018 1:16 pm

http://news.coinupdate.com/why-we-shoul ... materials/

"The National Association of Convenience Stores and the Walgreens drugstore chain have estimated that handling pennies adds 2 to 2.5 seconds per cash transaction. Assume that the average citizen makes one such transaction every day, and so wastes (to be conservative) 730 seconds a year. The median worker earns just over $36,000 a year, or about 0.5 cents per second, so futzing with pennies costs him $3.65 annually."
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Re: Interesting article about getting rid of the penny

Postby Recyclersteve » Thu Apr 05, 2018 5:41 pm

So I guess you are saying that the person who finds $3.65 annually on the ground or in Coinstar machines breaks even... :)
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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