Home › Forums › Financial Markets/Economics › Those with savings accounts in here!
- This topic has 45 replies, 9 voices, and was last updated 17 years, 1 month ago by
ucodegen.
-
AuthorPosts
-
January 15, 2008 at 8:10 AM #11514January 15, 2008 at 8:36 AM #136117
snail
ParticipantI already gave up and went to the dark side with foreign currency and gold. Personally not really comfortable with foreign currency but don’t have any option with the prediction of more rate cut (Ben will definitely cut more before the end 2008). Check Australian $, good rate and stability (actually appreciation vs. US$), I don’t have any but want to add it into my portfolio. I am just steaming at the FED right now…these people suppose to protect our interest
January 15, 2008 at 8:36 AM #136421snail
ParticipantI already gave up and went to the dark side with foreign currency and gold. Personally not really comfortable with foreign currency but don’t have any option with the prediction of more rate cut (Ben will definitely cut more before the end 2008). Check Australian $, good rate and stability (actually appreciation vs. US$), I don’t have any but want to add it into my portfolio. I am just steaming at the FED right now…these people suppose to protect our interest
January 15, 2008 at 8:36 AM #136379snail
ParticipantI already gave up and went to the dark side with foreign currency and gold. Personally not really comfortable with foreign currency but don’t have any option with the prediction of more rate cut (Ben will definitely cut more before the end 2008). Check Australian $, good rate and stability (actually appreciation vs. US$), I don’t have any but want to add it into my portfolio. I am just steaming at the FED right now…these people suppose to protect our interest
January 15, 2008 at 8:36 AM #136354snail
ParticipantI already gave up and went to the dark side with foreign currency and gold. Personally not really comfortable with foreign currency but don’t have any option with the prediction of more rate cut (Ben will definitely cut more before the end 2008). Check Australian $, good rate and stability (actually appreciation vs. US$), I don’t have any but want to add it into my portfolio. I am just steaming at the FED right now…these people suppose to protect our interest
January 15, 2008 at 8:36 AM #136320snail
ParticipantI already gave up and went to the dark side with foreign currency and gold. Personally not really comfortable with foreign currency but don’t have any option with the prediction of more rate cut (Ben will definitely cut more before the end 2008). Check Australian $, good rate and stability (actually appreciation vs. US$), I don’t have any but want to add it into my portfolio. I am just steaming at the FED right now…these people suppose to protect our interest
January 15, 2008 at 8:44 AM #136368Raybyrnes
ParticipantYou could look at Treasury that are indexed to the inflation rates. Preet safe bet there. I would also think taxes. You are paying taxes on MMA anyway so you were already behind the inflation rate. You may want to consider looking at a California Municipal Bond Bond. I like the American Funds as a solid mutual company and if you have over 100K you begin to get break point on the load.
Also if you purchased CD’s see if ther is a bump or add on provision. I bpurchased CD’s from WAMU and it had an add on provision. F
For instance you put 10K into 9 CD at 5.45%. Now that the Rates on MMA are adjusting I have the option of adding up to an addional 10K into my orginal CD accoutn at the 5.45%. You may want to see if you CD’s have that option. I know mine do.
January 15, 2008 at 8:44 AM #136436Raybyrnes
ParticipantYou could look at Treasury that are indexed to the inflation rates. Preet safe bet there. I would also think taxes. You are paying taxes on MMA anyway so you were already behind the inflation rate. You may want to consider looking at a California Municipal Bond Bond. I like the American Funds as a solid mutual company and if you have over 100K you begin to get break point on the load.
Also if you purchased CD’s see if ther is a bump or add on provision. I bpurchased CD’s from WAMU and it had an add on provision. F
For instance you put 10K into 9 CD at 5.45%. Now that the Rates on MMA are adjusting I have the option of adding up to an addional 10K into my orginal CD accoutn at the 5.45%. You may want to see if you CD’s have that option. I know mine do.
January 15, 2008 at 8:44 AM #136394Raybyrnes
ParticipantYou could look at Treasury that are indexed to the inflation rates. Preet safe bet there. I would also think taxes. You are paying taxes on MMA anyway so you were already behind the inflation rate. You may want to consider looking at a California Municipal Bond Bond. I like the American Funds as a solid mutual company and if you have over 100K you begin to get break point on the load.
Also if you purchased CD’s see if ther is a bump or add on provision. I bpurchased CD’s from WAMU and it had an add on provision. F
For instance you put 10K into 9 CD at 5.45%. Now that the Rates on MMA are adjusting I have the option of adding up to an addional 10K into my orginal CD accoutn at the 5.45%. You may want to see if you CD’s have that option. I know mine do.
January 15, 2008 at 8:44 AM #136334Raybyrnes
ParticipantYou could look at Treasury that are indexed to the inflation rates. Preet safe bet there. I would also think taxes. You are paying taxes on MMA anyway so you were already behind the inflation rate. You may want to consider looking at a California Municipal Bond Bond. I like the American Funds as a solid mutual company and if you have over 100K you begin to get break point on the load.
Also if you purchased CD’s see if ther is a bump or add on provision. I bpurchased CD’s from WAMU and it had an add on provision. F
For instance you put 10K into 9 CD at 5.45%. Now that the Rates on MMA are adjusting I have the option of adding up to an addional 10K into my orginal CD accoutn at the 5.45%. You may want to see if you CD’s have that option. I know mine do.
January 15, 2008 at 8:44 AM #136133Raybyrnes
ParticipantYou could look at Treasury that are indexed to the inflation rates. Preet safe bet there. I would also think taxes. You are paying taxes on MMA anyway so you were already behind the inflation rate. You may want to consider looking at a California Municipal Bond Bond. I like the American Funds as a solid mutual company and if you have over 100K you begin to get break point on the load.
Also if you purchased CD’s see if ther is a bump or add on provision. I bpurchased CD’s from WAMU and it had an add on provision. F
For instance you put 10K into 9 CD at 5.45%. Now that the Rates on MMA are adjusting I have the option of adding up to an addional 10K into my orginal CD accoutn at the 5.45%. You may want to see if you CD’s have that option. I know mine do.
January 15, 2008 at 9:08 AM #136353Rich Toscano
KeymasterHere’s an article I wrote about this topic (a year ago almost to the day): http://pcasd.com/cash_not_as_safe_as_it_seems
Maybe some helpful ideas in there. Good luck. With our dysfunctional modern monetary system, you have to pick your poison: it’s purchasing power risk or market risk. There is no truly safe place to hide.
I have some thoughts about TIPS and munis but can’t really talk on this forum about specific investments… feel free to email me though, rtoscano at pcasd dot com.
rich
January 15, 2008 at 9:08 AM #136455Rich Toscano
KeymasterHere’s an article I wrote about this topic (a year ago almost to the day): http://pcasd.com/cash_not_as_safe_as_it_seems
Maybe some helpful ideas in there. Good luck. With our dysfunctional modern monetary system, you have to pick your poison: it’s purchasing power risk or market risk. There is no truly safe place to hide.
I have some thoughts about TIPS and munis but can’t really talk on this forum about specific investments… feel free to email me though, rtoscano at pcasd dot com.
rich
January 15, 2008 at 9:08 AM #136388Rich Toscano
KeymasterHere’s an article I wrote about this topic (a year ago almost to the day): http://pcasd.com/cash_not_as_safe_as_it_seems
Maybe some helpful ideas in there. Good luck. With our dysfunctional modern monetary system, you have to pick your poison: it’s purchasing power risk or market risk. There is no truly safe place to hide.
I have some thoughts about TIPS and munis but can’t really talk on this forum about specific investments… feel free to email me though, rtoscano at pcasd dot com.
rich
January 15, 2008 at 9:08 AM #136154Rich Toscano
KeymasterHere’s an article I wrote about this topic (a year ago almost to the day): http://pcasd.com/cash_not_as_safe_as_it_seems
Maybe some helpful ideas in there. Good luck. With our dysfunctional modern monetary system, you have to pick your poison: it’s purchasing power risk or market risk. There is no truly safe place to hide.
I have some thoughts about TIPS and munis but can’t really talk on this forum about specific investments… feel free to email me though, rtoscano at pcasd dot com.
rich
-
AuthorPosts
- You must be logged in to reply to this topic.