Hi Columbus, I use discount brokerage services and on-line depending upon the urgency. I've not used full service for years. Never could figure out what service I was getting! :-)
Much seems to be discussed about Y2K, but not much need for concern. It's going to be the EXCUSE OF THE MILLENNIUM for many businesses, but if we think about it, most of these companies expense and depreciate their computer gear pretty quickly anyway. This means that they would have spent money on software and hardware changes anyway +or- a year or two. So where's the problem?
As far as apocalyptic predictions, I'm sure that some assholes someplace are going to try to take advantage of whatever inconveniences come about, but that there's nothing much that will change in our daily lives.
As far as cash reserves go, my M.O. includes keeping a cash reserve for all my equities at all times except the market bottom! :-) for instance, I was holding about 40% Cash for my VTSS account at last Summer's peak. I used about half of that when the price fell to its Fall low. Not quite 100% invested, but I did add 33% to my overall holding with those buys.
My overall account started the year at 36% cash and was spent down to about 5% by October. It's been re-building nicely ever since. So, I won't be holding any extra cash when we change the calendar, just whatever the market's risk profile asks me to hold.
Best regards, Tom |
