Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Dr. Seuss who wrote (4356)	3/7/1998 6:03:00 PM
From: Pancho Villa	Read Replies (2) of 18691

Dr Seuss, Dr Pancho here on TIAA-CREF Money Market. I recently placed all my mutual fund 403b money into their money market fund. I am reading from the prospectus and I see that they invest in low risk short-term debt (commercial paper, CD's, Bankers' acceptances and also treasuries) except for the government instruments the are not insured but believe me they are very low risk. If you could pick individual CD issues if you buy it in denominations of less than 100,000 at maturity then these are insured and you could just buy several CD's. However this is an option with CREF. I transfered my stuff to CREF money market Account and IMO, for practical purposes this is as safe as a treasury, of course the yield varies as maturities come and go. Right now I believe the yield is about 5.3-5.4%. I know someone brought up this question but IMO this money market accoutn is as safe as safe can be. We ain't talking WW 3 and/or world economic colapse here [I hope. If this were, the case the thing to do is to buy gold bullion!] Pancho

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