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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: posthumousone who wrote (12912)	1/9/1998 8:19:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Hi Gary; well the MM is about as safe as your going to find , if it's insured, ( not all are ) there is no such thing as perfect safty..if a big big crash comes. Governments can even default, and have done so. Loyds of London crashed not all that long ago, and took most of it's investors to the poor house. The 87crash hit people not in the market, or who thuogt they had gotten out.. but a lot of Jobs dried up, and they couldn't makle house notes. The parking lots of Banks were full of cars they took back because people couldn't make paynments. -------------------- So the first safty "is no dept." to have to pay if the cash flow stops. People re-finance homess and extend lones when interest rates are down..but what happens if a recession hits and no matter how low the payments you can't make them ? --------------------------------- I'v seen this play out twice in my life. ------------ I'm into some bonds, but I got in them some time ago, I'm into some CDs..a broker told me I was foolish last spring to buy CDs..guess what "he would love to buy them from me right now at the interset rates I got them locked in at. ------------------- I'm into one stock, ( wishing I wasn't but holding just the same ) as I'm in the hole with it, but I think it's got a darn good chance if we don't have a compleat melt down. This last sell off hasn't sent it down any more so I think the ones who wanted out got out. Just mostly us tough ones left. -------------------- And before I get to carried away, I've also got some cash in the Money Market fund. When I said what I did in the last message , I had in mind thoes people who never give the stock market a second thought, and belive they are not effected by it at all, simply because they would never dream of buying stocks. ----------------------------- But when it comes to wealth: There is no real wealth but the labor of man. Were the mountains of gold and the valleys of silver, the world would not be one grain of corn the richer; nor one comfort would be added to the human race. :Percy Bysshe Shelly (1792 - 1822, English writer ) ------------------ Real wealth is within a person and their talents, The best investment is to invest in yourself, and stay as healthy as you can. An education ( that I regretfully have little of )is not to be be-littled, if you consider it expensive you should try getting by without one. --------------------------- But education just for the sake of it alone is a waste as without some common sence you could fit the following: ------------------------- He was so educated that he could name a horse in nine languages. So ignorant that he bought a cow to ride on. :Benjamin Franklin (1706 - 1790, American statesman, inventor, writer.) ------------------- republic.net