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To: fedhead who wrote (26500)	10/10/2000 6:13:34 PM
From: RJL	Read Replies (1) \| Respond to of 436258

"Where would I need to park the cash so I would be guaranteed that I would get it back ?" FDIC insured bank. I think it's 100k max per account though.

To: fedhead who wrote (26500)	10/10/2000 6:16:37 PM
From: Alias Shrugged	Respond to of 436258

Does your broker offer a money market fund which holds short term treasuries only?? Schwab does.

To: fedhead who wrote (26500)	10/10/2000 6:21:47 PM
From: patron_anejo_por_favor	Respond to of 436258

<<Where would I need to park the cash so I would be guaranteed that I would get it back ?>> 3 month T-bills would work, provided your broker remains solvent. For more safety, you could request delivery of the certificates....

To: fedhead who wrote (26500)	10/10/2000 6:27:41 PM
From: Ilaine	Respond to of 436258

You can direct deposit funds with the US Treasury, I don't think it gets any safer than that.

To: fedhead who wrote (26500)	10/10/2000 6:34:56 PM
From: XBrit	Respond to of 436258

Where would I need to park the cash so I would be guaranteed that I would get it back ? Your best bet is to convert it to used 20's and mail it to me. I guarantee I'll give it back <g> Otherwise, try the safest and cheapest discount broker around: treasurydirect.gov Limited range of merchandise, but what they have is really, really, really safe.

To: fedhead who wrote (26500)	10/10/2000 6:37:27 PM
From: pater tenebrarum	Respond to of 436258

make sure that the money market fund you park your dough in holds exclusively government securities. then you have no reason at all to worry. unfortunately many 'approved' money market fund assets are really high risk securities in disguise. the process is as follows: a big bank/credit card issuer/thrift sells claims on various loan assets (be they credit card receivables, mortgages, or whatever) to an obscure finance company which cling en masse to the Cayman Islands like a bunch of limpets. the finance company packages the claims into an asset backed bond, which in turn is then imbued with a credit guarantee by one or more of the big finance houses, often the one from which the claims originated. presto, you have a 'high quality' low yield paper destined for the money market, with the issuer making tax free money on the spread, as the assets backing the paper pay often junk-like yields. there has already been one little publicized blow-up in this area which mowed down a medium sized insurer (name escapes me now). note, there can be no reasonable estimate as to the likelihood of such paper burning. it may turn out to be perfectly safe. but i say, why take a chance? with government paper your risk is at least limited to an eventual attempt at debauching the currency, but that's a process that's well underway anyway, and nothing much can be done about it, except for stashing a percentage of one's assets in gold. one more thing: make sure that your broker has the characteristics of a survivor should times get tough...it has recently come to my attention that getting claims satisfied via the SIPC is like pulling teeth...