i finally decided

**jipped genes** · 11-05-2003, 08:46 PM

i put my cd money in t-bonds i am getting 5% on a 5 year bond. i am shifting my portfolio around some trying to be ready fro when the stock market hits a boom again. anybody have any ideas? i just let my guy from valec tell me what to do i act like i am thinking about it and say OK. i know nothing other than i want to retire comfortably when i am 65.

**Jay_Abbays** · 11-05-2003, 09:08 PM

Ask your advisor about "asset allocation" model. It's been successful in the past 50 years -

Those, who didn't use it - learned it the hard way in the past few years.

Those who use it are better off now then they were 2 years ago.

**Luftdude** · 11-06-2003, 10:47 AM

Hell, I got stocks in the European market. I forgot what stock they are though because my folks are the ones that put stocks in the European market for me and my younger brother

LD

**Jay_Abbays** · 11-06-2003, 11:06 AM

Originally posted by saturn
I have some cash stashed in my dresser drawer. It just kind of sits there. When I get enough I think I'll get myself a big mac or someting.

Get your money out of the drawer and open a MM account at your bank -

Same risk - but you'll get enough $$$ to buy a Big Mac faster.

**leankid** · 11-06-2003, 11:12 AM

I heard that some people have more than the $5 minimum in their savings account. Is that true?

**Jay_Abbays** · 11-06-2003, 12:38 PM

Try to avoid savings accounts - it's just an intermediary between your money and MM

The bank takes your money - puts it on MM account and splits the interest with you.

You can open a MM account (it has same features as savings account - including checks/debit card) - but you avoid the middleman (the bank), thus, getting better return.

**Jay_Abbays** · 11-06-2003, 12:55 PM

Originally posted by jipped genes
i put my cd money in t-bonds i am getting 5% on a 5 year bond.

That's an increadible deal - how did you get it?

Right now 5 year T-bonds pay around 3.3%

Even the lower rated corp bonds - pay under 4%

**jipped genes** · 11-06-2003, 03:05 PM

Originally posted by Jay_Abbays
That's an increadible deal - how did you get it?

Right now 5 year T-bonds pay around 3.3%

Even the lower rated corp bonds - pay under 4%

and then you pay taxes on the interest.