doxeyweb
Dryer sheet aficionado
- Joined
- Sep 18, 2008
- Messages
- 33
What have we/I learned as investors from the recent events in the financial markets?
Well, personally i concider"ed" myself fairly well educated before the recent events, but i think i learned the following.
*FDIC & SPIC insurance limits.(I should have known..but didnt)
*Which of my accounts are covered by FDIC or SPIC and which are not.
(The difference between an MM "fund" and a MM "account")
*That i do have the nerve to weather the tough times...no changes to portfolio to date. yippee!!!
*That i personally will open and keep a little more "safe" money at my local bank and mabey even at home...just for real emergencies. I've always had a good confort level with my MM because i could write checks against it...but when accounts get frozen from runs on funds...it would be nice to get cash if needed until things pass over. I'm used to running to the bank for extra cash before a trip..or hurricane. But some things cannot be planned.
*That i keep way too much money in my MM funds. I need to put my money to work for me..instead of sitting around.
We'll thats it for now...im sure i'll think of more later.
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Just wanted to say thanks for all the member comments on my previous post...i've been looking for a site with members that have the same concerns and FIRE planning. Looks like i've found it!!
Well, personally i concider"ed" myself fairly well educated before the recent events, but i think i learned the following.
*FDIC & SPIC insurance limits.(I should have known..but didnt)
*Which of my accounts are covered by FDIC or SPIC and which are not.
(The difference between an MM "fund" and a MM "account")
*That i do have the nerve to weather the tough times...no changes to portfolio to date. yippee!!!
*That i personally will open and keep a little more "safe" money at my local bank and mabey even at home...just for real emergencies. I've always had a good confort level with my MM because i could write checks against it...but when accounts get frozen from runs on funds...it would be nice to get cash if needed until things pass over. I'm used to running to the bank for extra cash before a trip..or hurricane. But some things cannot be planned.
*That i keep way too much money in my MM funds. I need to put my money to work for me..instead of sitting around.
We'll thats it for now...im sure i'll think of more later.
--------------
Just wanted to say thanks for all the member comments on my previous post...i've been looking for a site with members that have the same concerns and FIRE planning. Looks like i've found it!!