antmary
Full time employment: Posting here.
I have all my funds (other than banking) in Vanguard, and up to now have been a dyed-in-the-wool Boglehead. As you may know, the Vanguard U.S. Treasury Money Market fund closed quite awhile ago. Fidelity and Schwab are also closed as of late 2008. Gabelli does have a U.S. Treasury Money Market fund that is now open.
Can anyone recommend Gabelli? I know that Bob Brinker includes Gabelli funds in his model portfolios.
The reason I ask is this: my brother, who is a retired economist, called me a few days ago. He is very methodical, thorough, and low-key. He has never ever given me advice, or even inquired about how I am doing financially. He called every one of us siblings and told us that he thought that he needed to pass on the results of his research. He thinks that we are in for a depression in the near future, and that I should move my cash, stocks, and non-treasury bonds to U.S. Treasury funds; do not keep large amounts in a FDIC-insured bank. The vulnerability of the economy, according to him, may cause an extreme strain at the FDIC.
I usually take financial information with a grain of salt, but this time, I have been pondering his words for several days. Quite frankly, it is quite rattling to have anyone call with this sort of information.
Any thoughts?
Can anyone recommend Gabelli? I know that Bob Brinker includes Gabelli funds in his model portfolios.
The reason I ask is this: my brother, who is a retired economist, called me a few days ago. He is very methodical, thorough, and low-key. He has never ever given me advice, or even inquired about how I am doing financially. He called every one of us siblings and told us that he thought that he needed to pass on the results of his research. He thinks that we are in for a depression in the near future, and that I should move my cash, stocks, and non-treasury bonds to U.S. Treasury funds; do not keep large amounts in a FDIC-insured bank. The vulnerability of the economy, according to him, may cause an extreme strain at the FDIC.
I usually take financial information with a grain of salt, but this time, I have been pondering his words for several days. Quite frankly, it is quite rattling to have anyone call with this sort of information.
Any thoughts?