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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Terry Maloney who wrote (247668)7/2/2003 11:19:18 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
Terry,

I have run out of ideas where to hide with paper. The best I can come up with at the moment is foreign government debt of Australia, New Zealand, Canada, and Norway. The darn Canadian and Norwegian governments will not register their debt to be sold to people from Minnesota, Sooooooo Australia and New Zealand are my options.

Bought a starter position in QRACX - maybe these boys can make a buck for me during the next 10 years. <gg>

I am trying an experiment with Australian government debt. Bought some short term debt. It was a 3 months to maturity with 2.54 YTM. There is currency risk, but for some reason I do not have a lot of faith in the US dollar. If this works, this could be a game for US investors to manage their own money market fund. Rates are better than any short term AAA or FDIC insured junk in the states.

Can you believe what people are paying for equities these days - the world has gone mad!!!!!!!!
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