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Strategies & Market Trends : NetCurrents NTCS
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To: Teresa Lo who wrote (579)10/13/2000 1:48:19 AM
From: Michael Watkins   of 8925
 
Well for the record, I've been in TBills for ages except for 10% of our RRSP money. People have been laughing at me all year about it, well, except for the last few months LOL.

I was concerned at one point about leaving my whole account in cash because there are limits as to what the Canadian Securities Protection Fund (can't remember its exact name) will cover for straight cash, but then if things get that bad and Schwab goes out of biz, I'd better have my cash in a mattress or in food or something ;)

Province of BC upped its interest rate on bonds. I'm not interested. LOL

Anecdote, working at that brokerage client of mine, didn't see any panic faces yet. I think folks are still buying this downtrend. Sure seems like it with some of the grinding we've seen on the way down.
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