Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: NucTrader who wrote (376034)	10/9/2008 7:12:09 PM
From: mikereid	Respond to of 436258

Sorry to interrupt this thread with "reality" (always in quotes). >Find a bank that's not going to go broke and put your kids money in a CD. Next ? Umm, OK, thanks for the advice, but was hoping to be just a WEE bit more aggressive. Are interest rates going to go THAT negative or is no stock, index or mut fund going to gain better over the next decade and a half ? I'm in Canada and our 5-7 big "official" banks APPEAR to be pretty solid, but we all know about myths and illusions no ? Money has been sitting in stupid money market for 5 years; been grumbling regularly bout the negative real return and the continued market bull, esp. w/ the Canuck mining & energy sector. So I check the indexes and some mutual funds for education and saw a few days ago that we were AHEAD with the "stupid" money market. Cool. This summer we would have been WELL ahead with the market options I considered; effective interest rate from 7-12%. It's all withered VERY fast the last few months. Never switched to bonds or GICs cause I been counting on rising inflation. With a worldwide depression seemingly at hand, perhaps Canada Gov't Bonds are a good bet, for at least some of the assets. Too bad Canada has suspended the traditional savings bond fall program for the first time ever, given the exceptional market circumstances. Watch out below when I pull the 20k out of the money market. Maybe that 20k is all that is holding this ship-bag of an integrated world economy together... :)