|Posted: May 23, 2010, 6:42 am - IP Logged|
Cash, for sure.
But from there, where do you put it?
Some say gold, because they say that money will become worthless.
Treasuries? Will the government go bankrupt?
Some fund? How about the Madoff fund? Steady 12% gain. OOPS!
The market? Will the broker go bankrupt and lose all your money?
There is no place too big to be closed in days.
Bear Stearns, Lehman, Worldcomm. Enron, Madoff, Stanford? Bam! They're gone!
I was wondering, if I invest my money with a broker, then put private insurance on the broker to protect me not from the market, but from just closing on fraud, etc. That way if the insurer goes bankrupt I have the broker, if the broker goes bankrupt, I have the insurance. Unless they both go bankrupt on the same say.
But yes! Cash for sure!