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ABC sticks it to GA security...



 
 
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  #31  
Old March 17th 05, 07:18 PM
Montblack
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("George Patterson" wrote)
Montblack wrote:

Sell in Jan 2000. Move money into money market fund.


Better make sure that fund is heavy on bonds. Some money market funds were
losing 20% a quarter in 2002.



Money markets? Wow.

We pulled chunks out of stocks and treaded water. Didn't make anything, but
din't lose anything either, which from 2000-2003 was ok with us. Park your
funds here with low risk - money markets.

Unfortunately the K-Mart "tip" is 20/20 hindsight :-(


Montblack

  #32  
Old March 17th 05, 07:20 PM
John Galban
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George Patterson wrote:
Montblack wrote:

Sell in Jan 2000. Move money into money market fund.


Better make sure that fund is heavy on bonds. Some money market funds

were
losing 20% a quarter in 2002.


I've never heard of a money market fund losing 20% (or even 2%)in a
quarter. They're usually very low risk/return funds invested
primarily in high quality commercial paper, bank CDs, etc...

Aviation content : I've had my engine overhaul fund in a money
market fund for many years and I'm in the process of blowing it all!

John Galban=====N4BQ (PA28-180)

  #33  
Old March 18th 05, 06:44 PM
Matt Barrow
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"John Galban" wrote in message
oups.com...

George Patterson wrote:
Montblack wrote:

Sell in Jan 2000. Move money into money market fund.


Better make sure that fund is heavy on bonds. Some money market funds

were
losing 20% a quarter in 2002.


I've never heard of a money market fund losing 20% (or even 2%)in a
quarter. They're usually very low risk/return funds invested
primarily in high quality commercial paper, bank CDs, etc...

Aviation content : I've had my engine overhaul fund in a money
market fund for many years and I'm in the process of blowing it all!


100% in a quarter?





  #34  
Old March 18th 05, 08:12 PM
John Galban
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Matt Barrow wrote:
"John Galban" wrote in message
oups.com...

Aviation content : I've had my engine overhaul fund in a money
market fund for many years and I'm in the process of blowing it

all!


100% in a quarter?


More like 115% in a month. I've had a few suprises that broke the
budget. And I thought you had to be in options and commodities to lose
more than your original investment g.

John Galban=====N4BQ (PA28-180)

 




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