Put Your Cash Assets in Safer Accounts

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I am with Jim Corbin on this one....Gold was at 600 last summer,,,,I also agree that gold will only continue to increase, as the dollar becomes weaker. I would also say that in the equity side, I would be looking strongly at Apple Inc. I believe it will continue to gain momentum as new products will continually to out glitter all others in the market. A strong bet!

Anne Marie Jeffrey of FL 6:57PM November 18, 2009

Goid is up about 11% this year. I believe it may gain 3%-5% more by year end.
The more money Obama prints the better it gets.
He and his congress can make gold illegal, but I don't think they can devalue it
like they have the US$.

jim Corbin of WA 3:57PM October 11, 2009

If CD's and Money Markets are guaranteed only until the end of this year, what do non-savvy investors like myself do with the money? It sounds somewhat precarious to leave it in these accounts which is where I put all of my retirement investments. So, what's the alternative, if any? Sounds like mattress-stuffing isn't so far-fetched, after all. Or, at least a fire-proof safe. Any ideas?

Louis of DE 9:46AM March 08, 2009

This is the very reason I only invest in short-term CD's (5-7 months and whenever my bank has a promotional offer) and Absolute Money Markets which I also use as a backup checking account. I've rolled over my IRA into a money market account and even after paying a stiff penalty, I don't regret the move, since many have now lost their savings and retirement funds. If worse came to worse, I'd pay the penalty for the CD early withdrawal in an emergency.
Granted, the interest rates are wanting, since the rates have lowered drastically, but none of these funds are subject to the whims of Wall-Street. As to the FDIC, don't count on it if our government collapses and we go off the deep end, no bank will have ready cash for withdrawal, with or without penalties. One still needs a cash reserve for emergency use which this article neglected to mention. I admit to not being particularly financially savvy, but my savings are intact and not locked-in for years to come.

Louis of DE 7:08AM February 28, 2009

true $250M until 12/09,but the original top amount of $100M Is good for a seniority law..

henry igle of FL 9:16PM January 06, 2009

Katy--nice column, but you need to specify that the FDIC insurance to $250M is only [CURRENTLY under law] until 12/31/2009; that's an important disclaimer/caveat with regard to safety/liquidity/yield for CD investors...
thanks!

Greg Pagans of FL 3:42PM December 29, 2008

You don't have to lock up your money in a CD; DollarSavingsDirect.com's Internet-only savings account is at 4%. It's a product of Emigrant Direct Bank.

Joan of CA 2:18PM December 19, 2008