On 7/28/11 12:47 PM, Canuck57 wrote:
On 28/07/2011 7:53 AM, Beach Bum wrote:

He also needs to hire a financial adviser. Only certain MMs are insured
and only to a certain amount.

Even if insured, it can take time to get it back. And there are
conditions. For some fraction of 1/10th of a percent, it isn't worth my
time or risk.

A good example is it can take 3 days to clear for some. Well if Heir
Obama decides to pay Michele's hand maids before the US debt, a good
drop could be a good buy for the savvy and quick, and you will not have
3 days to decide.

Plus it violates a rue I have that has kept me out of trouble for 3
decades with lending.

Never lend new money where the interest rate is less than
inflation+taxes+risk. And if it stays too low, look for exit points on
all lending of money.

That and another rule caused me to exit largely to cash before the 2008
crash. Bonds only have one direction to go if interest rates are near zero.


D'oh. Financial advice from two anonymous fools in rec.boats, one of
whom - Ca-nuckles - hasn't two dimes to rub together.

So tell us, Ca-nuckles, say you had a substantial payment of business
proceeds coming in from an out of state/province bank. What would you do?

1. Have a check mailed to you?

2. Have an armored car deliver the payment to you in cash or coin or
bullion?

3. Have it transferred almost instantly to a money market fund?