gregorygarver.com

MRT · Joined: 20 Jan 2006 Posts: 6

I sold a bunch of stock because it was too much risk and I had too much of it. I put the 150K in a money market fund right now paying about 5%.......I am hoping for a market correction sometime this summer so I can get some deals.....All my other investments are pretty agressive......any thoughts? NO, I don't want realestate or pm stocks.This is my sideline money but I want it liquid so CDs are out of question. Any other safe plays paying better than 5%?

InspectorBudget · Joined: 19 Apr 2005 Posts: 1

If your other investments are aggressive, then you should consider balancing them out with some conservative ones, like bonds or CDs.If you are not going to need the $150K for a while, consider buying individual bonds, and holding them to maturity. Many investment grade bonds of BBB+ and above are now yielding 6% or more. To me, that is a good rate of return for a very secure investment. Look at bonds by Citicorp, JP Morgan, Boeing, GE, as examples.You could, of course, wait for a late summer market correction; I agree with you that we are setting up for a correction down to 13,000 or worse, but I will probably buy into the market at that level.

TinaG · Joined: 23 Apr 2005 Posts: 1

First you need to stop smoking/snorting/shooting whatever it is your doing. What kind of jackball asks for financial advise from a public chat forum.Send it to me, I will invest it for you and promise you a 10:1 return.

JohnGalt · Joined: 28 Apr 2005 Posts: 3

Take it to a strip club.

tinytim5948 · Joined: 03 May 2005 Posts: 1

Tina G--sour grapes?

RyanS3428 · Joined: 08 May 2005 Posts: 1

Look at floating rate funds... they invest in short term non-rated secured corporate debt.. usually have maturities of 90 days or so... (thats their holdings that mature... you can usually sell out at regular intervals.. like 1x per month or so)they are usually pretty stable in prinicipal and yield closer to 6% or more... most mutual fund companies carry their own version. look around and find one you like. otherwise with money that may be needed so soon you are stuck with money market, 3 mo cd's or t-bills.

jojo · Joined: 13 May 2005 Posts: 1

I would put it toward my mortage if you own a house.

jefe · Joined: 18 May 2005 Posts: 2

First... no offense, but you're kidding yourself if you think you (or any other talking-head, investment guru, federal reserve official, or money manager) can time the market successfully. It may happen once or twice, but don't make the mistake of thinking you're smarter than the thousands of brainiacs who are plying the market and setting prices every minute of every day. Too many people confuse luck with brains (even a blind squirrel finds a nut every now and then!!), and then gamble away the money they've worked hard to save. And if you're timing, you're gambling!To answer the question you asked... Yes, you can **currently** get better than 5% in a liquid investment in a few places these days. Vanguard prime money market (have to open a VG account), or an ING Direct savings account, or the (already mentioned) floating rate fund FFRHX (not without risk).To answer a question you didn't ask... You really should get some professional advice. **Not** from a broker who's paid to sell you investments however. Find a fee-only advisor who charges by the hour to get a second-opinion or to help you with your overall asset allocation, and help you understand how much risk you need to take, can afford to take, and can *stand* to take (3 different issues). These people are hard to find, but they *are* out there. Check www.napfa.org and / or www.garrettplanningnetwork.com to find someone in your area.