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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (1257)	10/20/2005 8:53:08 PM
From: Slagle	Respond to of 218129

TobagoJack Re: "cash" let me give you something else to worry about though I am sure you are already aware of the risk: The "cash" to which you refer is nothing but an electronic entry in an account. Of course you can diversify by having multiple accounts in many different places and surely that will help. But if things get bad still there is a risk. You may be in better shape than a person in the US in this regard. Most Americans have all their assets here and back during the Y2K mania I remember many discussions on some of these same message boards about the insecurity of FDIC insured accounts in a real crisis. The best explanation I heard was that if the FDIC guidelines were followed to the letter all a person could expect to have protected in a crisis was $100,000 total, no matter how many accounts the person had. To make things worse, "cash" tends to be a very concentrated position, especially when you keep dialing 1-800 "get me out" <g>. What the heck to do with all the "cash"? Slagle