On Tue, 22 Jan 2008 14:28:45 -0800, "Calif Bill"
wrote:

Bzzt. FDIC insurance is $250k on IRA's.

Yeah - I just found that out.

Learn something new everyday.

The only CDs I have are joint accounts with the kids - sort of an
insurance policy if you will.

"BAR" wrote in message
. ..
hk wrote:
...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Thanks for reminding me that I have the opportunity to refinance my
mortgage and reduce my monthly payments.

Also, we are in the process of deciding what new car we are going to buy.
We may be able to get a loan from with zero interest from the
dealer/manufacturer.

They are not zero interest loans! Just prepaid interest. If you can get a
"0%" loan or a $4000 rebate, run the numbers to see if you can get a better
deal from the credit union / bank lender. You may be better off taking the
$4k and paying some interest on the loan.

On Tue, 22 Jan 2008 21:05:33 GMT, Short Wave Sportfishing
wrote:

On Tue, 22 Jan 2008 15:58:33 -0500, Salmon Bait
wrote:

On Tue, 22 Jan 2008 20:37:00 GMT, Short Wave Sportfishing
wrote:

On Tue, 22 Jan 2008 15:33:47 -0500, Salmon Bait
wrote:

On Tue, 22 Jan 2008 19:59:51 GMT, Short Wave Sportfishing
wrote:

On Tue, 22 Jan 2008 11:28:01 -0600, Vic Smith
wrote:

On Tue, 22 Jan 2008 17:12:08 GMT, Short Wave Sportfishing
wrote:

On Tue, 22 Jan 2008 10:06:19 -0600, Vic Smith
wrote:

The money market fund in mine was always a couple points lower than
"free market" rates were offering.

It's all about risk/reward. I'll bet your 401k money market funds
were being put to work in less risky markets.

Probably cost a point just for the fund manager vigorish these
401k's extract. Very little transparency with these funds, and they
can skim as well as any mob casino operator.

That's not true at all. If you drop into a fund which participates in
T-bills or muni, Fed funds or Fed Short Term, that's very transparent
- has to be by it's base function.

Even funds that do commercial paper or chase LIBOR spreads have to be
transparent. I'm not sure what you are talking about with "skimming".

My main complaint as I neared retirement was their was no low-risk
(read FDIC) place for my retirement money. Even money markets can go
negative, or so I was told.

Sure there is - it's called a savings account. Which, when you think
about it, is a money market fund that isn't transparent.

That's why it's insured. :)

But you may be right. After all most of my IRA CD money was tied up
in the mortgage market. Though it's FDIC insured, I was pleased
when BOC picked up Countrywide. Don't savor the thought
of going through the FDIC to get my retirement money...but it still
might happen. Who the hell knows?

FDIC is not a panacea for investing or any sort of risk/reward
arbitrage. Its looks good, but it's only so much per depositor - for
any real money, you'd have to have seperate accounts at seperate banks
which can be a nightmare - in particular if you don't actively manage
the accounts.

And it's only good for $100K per.

Depending on the way they're set up, it's possible to have multiple CDs
totally several hundred thousand in the same institution, all insured.

Not really.

You can, for instance, have an account for $100K in a CD, an account
for a trust or joint account, but that's about it.

And technically, it's per depositor - not per account. So you as an
individual can only insure $100K.

Well, then I'd have to have the CD's set up in 'other' than me as an
individual, wouldn't I?

That's the point - you, as an individual, can only insure $100K. If
you misrepresent as somebody else, you aren't you are you? :)

Joint, naming of beneficiaries...
--
John H

"JimH" wrote in message
...

"Short Wave Sportfishing" wrote in message
...
On Tue, 22 Jan 2008 14:28:45 -0800, "Calif Bill"
wrote:

Bzzt. FDIC insurance is $250k on IRA's.

Yeah - I just found that out.

Learn something new everyday.

The only CDs I have are joint accounts with the kids - sort of an
insurance policy if you will.

CD's? ROTF.


5.1% is a nice parking place for some money.

On 22 Jan 2008 22:33:36 GMT, "John Q. Public" wrote:

In message , Vic Smith is
alleged to have said:

FDIC is not a panacea for investing or any sort of risk/reward
arbitrage. Its looks good, but it's only so much per depositor - for
any real money, you'd have to have seperate accounts at seperate banks
which can be a nightmare - in particular if you don't actively manage
the accounts.

And it's only good for $100K per.

No. For IRA's it's 250k.
http://www.fdic.gov/deposit/deposits...standings.html

If your bank is a part of FHLBS, it's zero.

http://www.fdic.gov/about/learn/advi..._advances.html

The FHLBs have a "super lien" when institutions fail. To protect their
position they have a claim on any of the additional eligible collateral in
the failed bank. In addition, the FDIC has a regulation that reaffirms the
FHLBs priority and the FHLBs can demand prepayment of advances when
institutions fail.

You're misunderstanding the roles and purposes of the FDIC and FHLB's.
Suffice it to say you're wrong.

--Vic

On Tue, 22 Jan 2008 15:45:37 -0800, "Calif Bill"
wrote:


"JimH" wrote in message
.. .

"Short Wave Sportfishing" wrote in message
...
On Tue, 22 Jan 2008 14:28:45 -0800, "Calif Bill"
wrote:

Bzzt. FDIC insurance is $250k on IRA's.

Yeah - I just found that out.

Learn something new everyday.

The only CDs I have are joint accounts with the kids - sort of an
insurance policy if you will.

CD's? ROTF.


5.1% is a nice parking place for some money.


I've got a nice 6.25% APR that matures in 2011.

That's something to roll on the floor for!
--
John H

"Salmon Bait" wrote in message
...
On Tue, 22 Jan 2008 15:45:37 -0800, "Calif Bill"

wrote:


"JimH" wrote in message
. ..

"Short Wave Sportfishing" wrote in message
...
On Tue, 22 Jan 2008 14:28:45 -0800, "Calif Bill"
wrote:

Bzzt. FDIC insurance is $250k on IRA's.

Yeah - I just found that out.

Learn something new everyday.

The only CDs I have are joint accounts with the kids - sort of an
insurance policy if you will.

CD's? ROTF.


5.1% is a nice parking place for some money.


I've got a nice 6.25% APR that matures in 2011.

That's something to roll on the floor for!
--
John H

You can 5.1's with a less than year maturity.

"JimH" wrote in message
...

"Salmon Bait" wrote in message
...
On Tue, 22 Jan 2008 15:45:37 -0800, "Calif Bill"

wrote:


"JimH" wrote in message
.. .

"Short Wave Sportfishing" wrote in message
...
On Tue, 22 Jan 2008 14:28:45 -0800, "Calif Bill"
wrote:

Bzzt. FDIC insurance is $250k on IRA's.

Yeah - I just found that out.

Learn something new everyday.

The only CDs I have are joint accounts with the kids - sort of an
insurance policy if you will.

CD's? ROTF.


5.1% is a nice parking place for some money.


I've got a nice 6.25% APR that matures in 2011.

That's something to roll on the floor for!
--
John H


Wrong again. In the long run that is a very poor ROI.


For which type of money? Good luck with this question, lint-brain.

On Tue, 22 Jan 2008 16:09:00 -0800, "Calif Bill"
wrote:


"Salmon Bait" wrote in message
.. .
On Tue, 22 Jan 2008 15:45:37 -0800, "Calif Bill"

wrote:


"JimH" wrote in message
.. .

"Short Wave Sportfishing" wrote in message
...
On Tue, 22 Jan 2008 14:28:45 -0800, "Calif Bill"
wrote:

Bzzt. FDIC insurance is $250k on IRA's.

Yeah - I just found that out.

Learn something new everyday.

The only CDs I have are joint accounts with the kids - sort of an
insurance policy if you will.

CD's? ROTF.

5.1% is a nice parking place for some money.

I've got a nice 6.25% APR that matures in 2011.

That's something to roll on the floor for!

You can 5.1's with a less than year maturity.

"JimH" wrote in message
...


I've got a nice 6.25% APR that matures in 2011.

That's something to roll on the floor for!
--
John H


Wrong again. In the long run that is a very poor ROI.



All depends on your stage in life and what you are trying to accomplish.
There's a difference between being young trying to gain wealth and being
older, trying to enjoy what you have.

Eisboch