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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning -- Ignore unavailable to you. Want to Upgrade?


To: Lynn who wrote (740)3/23/1999 9:26:00 PM
From: TD  Read Replies (1) | Respond to of 888
 
Betting on Y2K, Check my logic..

Using objective reason not emotion I like bets that I stand to gain upon and lose little. Therefore I have withdrawn cash from my bank account, and have just in time inventory left in my account for paying bills.

Logic;

If there is a Y2K banking problem then the money is tangible. If there is a bank run I am early. If I am wrong ( certainly could be ) put the cash back in the bank after Y2K.

Risk to reward:

I have risked a little interest,
reward, If a problem does surface then since nearly all money is out of the bank the reward is saving 90% of my net worth.

Few people will take this action, and many will agree with the logic and still do nothing, all I can state is check the logic!