Where to Keep Cash When No Investment Seems Safe
Eric Dash
Sep 10, 2008
http://www.nytimes.com/2008/09/10/business/businessspecial3/10cash.html
CASH used to be the most boring of assets. But not this year.
DEPOSIT ACCOUNTS A checking account is probably the simplest cash management tool, but few investors use it strategically. Your goal should be to put in enough money to cover your basic needs but no more. After all, checking accounts have just about the lowest yield of any investment, and the interest is taxable.
MONEY MARKET FUNDS Another portion should be allocated to money market mutual funds, which carry relatively low yields but are generally safe and liquid, despite the problems some of them had over the past year as investments in complex mortgage-related securities soured.
C.D.’s AND BROKERED DEPOSITS Investors who do not need their money on hand but are still looking for a safe haven might find certificates of deposit attractive. Banks set their own interest rates, and those badly in need of deposits offer the most attractive rates. C.D.’s are backed by F.D.I.C. insurance. You will have plenty of options. At least six institutions are currently offering one-year C.D.’s at interest rates of 4.25 percent or better.
Internet Censorship Alert
Internet Censorship Alert: Alex Jones exposes agenda to 'blacklist' dissenting sites (March 14, 2010)
As I predicted, the Obama Administration is trying to shut down the Internet - at least the parts he doesn't like. Barack Obamas regulatory czar, Cass Sunstein has stated that he wants to ban conspiracy theories from the internet. Think about what this means - Every video, every website, every blog, every email, that exposes or just criticizes the government for any reason whatsoever could be labeled a "conspiracy" and taken down. Your home could be raided in the middle of the night, and you could be carted of to jail for criticizing the government. All they have to do is call it a "conspiracy theory".
http://www.youtube.com/watch?v=aqAWmBLFodE
Monday, September 22, 2008
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