It's January 31, do you know where your cash should be?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Well, here we are one full month into the year. Is it time to put the cash back in the banking system?
Was a semi-doomer now feeling a little bit better...
-- Rancherdick (email@example.com), January 31, 2000
Well, maybe in gold or silver, but not back in the fiat banking system, surely.
-- elskon (firstname.lastname@example.org), January 31, 2000.
What Cash? You mistake some of us, for someone else.
-- Wish I was (bo@rne an elite.com), January 31, 2000.
Why not do what the Russians are doing? Money given to them by IMF, they turn into 70 tons of gold. Now who is smart?
-- Notforlong (Fsur@aol.com), January 31, 2000.
I know where my cash is but I STILL don't know where my W-2's are. Wasn't today the latest I should receive them? =o[
-- cin (email@example.com), January 31, 2000.
Well the banks seem to be working fine. Have you checked your January statement? If you want some alternatives (from a layperson -- not a professional money manager) consider: - treasury bills (see www.treasurydirect.gov) 3 month and 6 month bills are short term "safe" alternatives (assuming you don't expect the Fed. Gov. to default anytime soon) - Money market funds that invest in treasury bills (for example Vanguard as some treasury bill only funds) - US Government I savings bonds (similar to EE bonds except they pay a higher interest rate based on inflation, also some other differences) See http://www.publicdebt.treas.gov/sav/sav.htm
Short-term (3-6 month) treasury bills are safe, pay higher interest rates than the banks, and don't tie your money up for long. Treasury Money Market bonds lack the direct guarantee of the US government, but you can withdraw some or all of your money at any time without penalty.
There are many other investments possibilities depending on your financial situation, you acceptance of risks vs return, etc. The above are some suggestions for "safe" investments.
For those of you that expect the US Government to collapse, please skip your comments.
-- not a money manager (firstname.lastname@example.org), January 31, 2000.
Aren't the souls who post here the same ones advising you to keep your money "safe" for the last two or three years, costing you that much interest and/or market appreciation?
Now you are coming to them for advice??
Is there no amount of pain from bad advice, scaremongering, and doom- predicting that would cause some of you to figure out this is not the board to come to for sound reasoning?
This is a HUMOR board. It should not be used for financial advice. Check out some of the reactions posted here to the stock market; check out the advice on gold; check out the paranoia towards the "they" controlling the financial systems; toward the conspiracy over the price of oil; check out the fear of the government hiding Y2K problems...
He Mr Rancherdick: fun is fun but you don' wanna git financial advice here, chief. We're talking real money; we want a brain behind the talking.
-- ImSo (email@example.com), January 31, 2000.
And did I mention the luna-tic deciding which way the Nasdaq is going to go based on Uranus??!! Believe me, Uranus exploding (or whatever she said) in the public's house (go read the post) may affect those nearby, but it will not affect the Nasdaq, although some other guy said Uranus might have some different effect.
'Course, if the Nasdaq does drop, that woman will never let me forget it...
-- I'mSo (firstname.lastname@example.org), January 31, 2000.
I'mSo: Take uranus somewhere else please. Thank you.
-- TrollStomper (DoomersUnited@TB2000.Net), January 31, 2000.
RancherDICK: Was a semi-doomer now feeling a little bit better...
You're feeling a little bit better, and how difficult was it for you to say that? How much convincing do you need that y2k hasn't affected banks, or anything for that matter?
I'm surprised that people like you who can't think for yourself can actually earn any money!! Why don't you just hide it under your mattress, or preferably in the hay and straw on your floor.
-- Mr. Sane (email@example.com), February 01, 2000.
Yesterday was the day w-2's were to be Postmarked. You should receive in a few days.
If not, then they are late.
Still waiting on mine, too. It's later than usual, but not yet officially late.
I did receive the 1099 from the state of GA with my last year's return listed.
-- Duke1983 (Duke1983@aol.com), February 01, 2000.