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What's Safe Now ? ( Where to Put Your Money in These Uncertain Times )
Seeking Alpha ^
| Sept 18,2008
| Mike Steinhardt
Posted on 09/18/2008 4:20:05 PM PDT by SeekAndFind
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To: SeekAndFind
The author was refering to this Fidelity Fund in the above article :
Fidelity U.S. Treasury Money Market Fund(FDLXX)
To: SeekAndFind
Cookie Jar or mattress are both looking very good right about now.
3
posted on
09/18/2008 4:23:56 PM PDT
by
petro45acp
(NO good endeavor survives an excess of "adult supervision" (read bureaucracy)!)
To: SeekAndFind
I gotta chuckle at guys like this Fox Business News Happy Hour Professor. He was tooting his horn about jumping in and buying Goldman when everyone else was selling. Sounds great right? It lost another 25% the next day. Whoops.
4
posted on
09/18/2008 4:24:05 PM PDT
by
kinghorse
(Obama's going to have (correction already has) his own Plumber's Union.)
To: petro45acp
Don’t forget your ammo and non-perishable goods.
5
posted on
09/18/2008 4:25:42 PM PDT
by
randomhero97
("First you want to kill me, now you want to kiss me. Blow!" - Ash)
To: SeekAndFind
The “breaking of the buck” at the Reserve Money Market Mutual Fund is very troubling. I understand this is the "industrial" money market, not the consumer money market.
6
posted on
09/18/2008 4:26:22 PM PDT
by
aimhigh
To: SeekAndFind
Four years of canned food, a cabin in the hills, and a shotgun with lots of ammunition.
7
posted on
09/18/2008 4:26:29 PM PDT
by
Sooth2222
("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
To: SeekAndFind
8
posted on
09/18/2008 4:26:35 PM PDT
by
BGHater
(Democracy is the road to socialism.)
To: petro45acp
I just got a call from my mutual fund guy. Turns out my “cash” reserve fund was through Lehman’s. Lost 2% and we’re putting it into something that really IS cash. Honest! It CAN’T go down - trust me.
9
posted on
09/18/2008 4:27:07 PM PDT
by
21twelve
(Don't wish for peace. Pray for Victory.)
disclosure I put some long term money to work with the DIA and a couple of heavy industry companies that got beat down with the crash the yesterday. Or was it day before? anyway I am grabbing falling swords/knives/whatever. See how it plays out two years from now. Seems like we were all going to financially die right after Enron and 9-11 as well. But this is different, right? We’ll see.
10
posted on
09/18/2008 4:27:25 PM PDT
by
kinghorse
(Obama's going to have (correction already has) his own Plumber's Union.)
To: SeekAndFind
Treasuries may not be 1000% safe....it may be that nothing is 1000% safe.But when the US Treasury becomes unable to satisfy its various obligations we're *all* pretty much scr*wed I'd say.
To: SeekAndFind
What's Safe Now ? ( Where to Put Your Money in These Uncertain Times ) They've really got me nervous. I just laid down a wad of cash to get a small fortune out of Nigeria and I don't want to put it in a bank that can't be trusted. What should I do?
12
posted on
09/18/2008 4:28:43 PM PDT
by
tbpiper
(Obama/Biden: Instead of Ebony and Ivory, we have Arrogance and Insolence.)
To: petro45acp
The volatility can get to you some times ~ my portfolio fell 5% yesterday. It rose 6% today. That's a 1% overnight gain, plus, if you annualize the rate it's INCREDIBLE.
No doubt we should have more days like that!
13
posted on
09/18/2008 4:29:28 PM PDT
by
muawiyah
To: SeekAndFind
Where is a list of banks that are NOT invested in Mortgages?
To: SeekAndFind
Put it in classic ‘66 Mustangs.
To: SeekAndFind
For safety: invest in a range of tried and tested companies with hard assets or recession-proof assets/business models. Make massive inflation work for you!
E.g. Wal-Mart. Pine Creek Timber. Realty Inc. Add ~ 14 others of your choice.
Disclaimer: I own no WMT, PCL or O. Anyway as a British citizen the SEC can't touch me for talking up stocks :0)
16
posted on
09/18/2008 4:52:37 PM PDT
by
agere_contra
(When it came time to decide on Christ's fate, Pilate voted 'present' - FReeper mkmensinger)
To: BGHater
BGHater - I am in absolute hysterics after seeing your post. LOL.
17
posted on
09/18/2008 4:57:42 PM PDT
by
agere_contra
(When it came time to decide on Christ's fate, Pilate voted 'present' - FReeper mkmensinger)
To: agere_contra
Times like these is when you need to invest in laughter.
18
posted on
09/18/2008 5:01:13 PM PDT
by
BGHater
(Democracy is the road to socialism.)
To: Sooth2222
>> Four years of canned food, a cabin in the hills, and a shotgun with lots of ammunition.
After six months on canned food, I’m afraid I’d have to turn the shotgun on myself...
19
posted on
09/18/2008 5:09:53 PM PDT
by
Nervous Tick
(I've left Cynical City... bound for Jaded.)
To: BGHater
Shot gun! I suspect that guy can get some heavier firepower if needed. Just mount it on the helicopter and go!
20
posted on
09/18/2008 5:13:23 PM PDT
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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