Safe Investments

[Danny]

Where is one to put money in these current times of financial market uncertainty about credit markets freezing up. What is safe and earns a return?

Municipals?
Treasuries?
Bond Funds?
CDs?
Utilities?
Money Market Funds?
Gold funds?
Gold bars?
Stock Funds?
Stocks?
Real estate?
?

I'm getting a little puzzled lately.

[REWahoo]

"Safe investment" is an oxymoron.

[audreyh1]

Treasuries are still safe. They don't protect you from the falling dollar, and they are a poor inflation hedge (Tips for that - sort of), but at least you don't have to worry about credit risk.

Audrey

[Danny]

Originally Posted by REWahoo

"Safe investment" is an oxymoron.

how about relatively safe investment

[REWahoo]

Originally Posted by Danny

how about relatively safe investment

Don't know about you, but there is nothing remotely resembling safety when my relatives are involved...

[Danny]

Originally Posted by REWahoo

Don't know about you, but there is nothing remotely resembling safety when my relatives are involved...

man I was going that way when I wrote it, but I thought better of it

[Want2retire]

Some CD's are FDIC-insured. I'd think that would be pretty safe, for amounts less than $100K (the FDIC max).

[Danny]

Originally Posted by audreyh1

Treasuries are still safe. They don't protect you from the falling dollar, and they are a poor inflation hedge (Tips for that - sort of), but at least you don't have to worry about credit risk.

Audrey

Thats right thanks for reminding me, things would have to be pretty bad for those to go south

Originally Posted by Want2retire

Some CD's are FDIC-insured. I'd think that would be pretty safe, for amounts less than $100K (the FDIC max).

true, my concern here is that FDIC becomes overwhelmed and can't meet the need or there are no other banks able or willing to accept the transfer of the cds from the bankrupt bank

[FinanceDude]

Define what "safe" means in your world........

Some folks think "safe" is a hedge fund.........

[brewer12345]

There is no such thing. The world is ending and all assets will be shreddded. So take your worthless dollars and buy ammunition, booze, and retire to the "safety" of your bomb shelter.

[FinanceDude]

Originally Posted by brewer12345

There is no such thing. The world is ending and all assets will be shreddded. So take your worthless dollars and buy ammunition, booze, and retire to the "safety" of your bomb shelter.

Folks, brewer will be warming up for Frank Caliendo, coming to a comedy club near you..check local listings for times and dates..........

[REWahoo]

Originally Posted by Danny

man I was going that way when I wrote it, but I thought better of it

Some of us have no shame...

[Danny]

Originally Posted by FinanceDude

Define what "safe" means in your world........

Some folks think "safe" is a hedge fund.........

my definition of safe is no longer safe as of late

[Want2retire]

Originally Posted by Danny

Thats right thanks for reminding me, things would have to be pretty bad for those to go south

true, my concern here is that FDIC becomes overwhelmed and can't meet the need or there are no other banks able or willing to accept the transfer of the cds from the bankrupt bank

I guess I was assuming that the FDIC couldn't become overwhelmed without a bail-out?

I suppose anything is possible. After all, people are talking about ending SS, which was the only thing besides death and taxes that was certain when I was growing up.

You could dig a hole in the back yard and bury a jar with your money in it. Or, buy enough property that you can grow your own food, and pay it off fully. I'm only half kidding! I don't think things will get that tough, but if they get even a little tough it would be nice to know where you are going to sleep that night, and what you are going to eat the next day.

[Danny]

Originally Posted by brewer12345

... So take your worthless dollars and buy ammunition, booze, and retire to the "safety" of your bomb shelter.

those worthless dollars buying valuble ammo booze food
better buy that stuff now friendo!

[youbet]

Originally Posted by Want2retire

You could dig a hole in the back yard and bury a jar with your money in it.

That assumes our society, political system and economy are still intact. Digging up a jar full of Confederate notes that great grandma buried in the backyard in Alabama wouldn't do you much good today!

[FinanceDude]

Originally Posted by Danny

true, my concern here is that FDIC becomes overwhelmed and can't meet the need or there are no other banks able or willing to accept the transfer of the cds from the bankrupt bank

Come on, there's $100 billion in the trust fund, and it covers a piddly $4.5 trillion in CD's............

[Danny]

Originally Posted by FinanceDude

Come on, there's $100 billion in the trust fund, and it covers a piddly $4.5 trillion in CD's............

I had no idea there was that much in the fund!

[Want2retire]

Originally Posted by Danny

I had no idea there was that much in the fund!

You'd think they'd let loose of just one little billion for us worthy LBYM ER forum folks.

But seriously, wouldn't paying off your home be a "must" for the type of scenario you are discussing?

[Danny]

Originally Posted by Want2retire

You'd think they'd let loose of just one little billion for us worthy LBYM ER forum folks.

But seriously, wouldn't paying off your home be a "must" for the type of scenario you are discussing?

Agree! There should be a special line at the FDIC window for us.
Yes, the house is paid, although I haven't installed the moat and turrets yet.