To: Trading Machine who wrote (10418 ) 9/21/2001 4:21:15 AM From: MonsieurGonzo Read Replies (1) | Respond to of 11051 hey man, you're safe; you just don't FEEL safe {grin} ...no way Fidelity/Vanguard/American Funds MM% gonna crap out on us but, there's hunnerts of the silly MM% thingys in lesser fund families and yeah - sometimes these lesser MM% go ____ just like sometimes banks and S&L's go ____ and that's where FDIC came from ~ lesson learned sometime waaay back when Granpa was lookin' another bear beast BigKahuna in the eye. If you ain't in a big FundFamily then, yeah ~ mebbe switch yer MM% over to a USTreasury-backed MM% Fund. My only point, then ~ about MM% was that the yield you be gettin' is now likely equal to or less than what, the ~3.875% yield on US Treasury backed, Inflation-Proof Securities -- so, to my mind - at the same risk/yield - I'd rather sit/save US TYX bonds with some inflation insurance built into them, rather than non-gov't MM% w/o any COLA potential. ...fwiw. Um, try to remember that (when I'm sober) I'm half-crazy, half the time now (^_^)humor ? here's fresh from my mail-box, fwiw : > > > > "Papa," little Sammy asks his father. "What is the stockmarket?" > > "Oh, Sammy," replies the father, "you are much too small to understand!" > > "I am NOT too small! I want to KNOW, now!" Sammy protested. > > "Ach, wait a few years, then you will understand better." > > "Papa, I don't want to start life poor, like you, > selling second-hand clothes so... I want to know!" Sammy insisted. > > "Alright,," the father gave in. "It's like this: > You buy two chickens. The two chickens lay eggs. > So... next year you have thirty chickens. > > The thirty chickens, they all lay eggs too. > The chickens lay eggs, the eggs turn into chickens. > > So, you end up having thousands of chickens. > > You see, my son, THIS is the stockmarket. You understand, Sammy?" > > "Yes, Papa." > > "And then, one day, the sky opens up big-time. > And it rains like in the days of Noah! > > The floods, they come and they take the chickens with them > and wash away all the chickens until they drown > and you have only two or three chickens left! You understand?" > > "Oh, yes, Papa." > > "You see, my son, THIS is the stockmarket." > > "Papa! You should have bought DUCKS!!! " > >