Go to Jeff Salisbury LWGate Home Page.From: "Bert Pesak" <bpesak@rcn.com>
Subject: Re: [CANSLIM] Where do I put my cash?
Date: Fri, 28 Jun 2002 19:40:16 -0400
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Patrick,
Schwab also has an Ultrashort Bond fund in 2 flavors SWYPX $2500 min in =
regular account & $1000 in IRA YTD 1.27% return. SWYSX $50,000 Min in =
regular & IRA accounts 1.33% YTD. The idea is that within a year or less =
most of the holding will turn over so you shouldn't get hit to hard if =
you are willing to wait. If interest rates start moving up you may =
loose a few pennies, the price today is $9.81 and the 52 wk high is =
$10.03. If you are a Schwab customer check them out on their web site =
and talk to one of their broker/advisors.
Bert
----- Original Message -----=20
From: Patrick Keeley=20
To: canslim@lists.xmission.com=20
Sent: Friday, June 28, 2002 6:52 PM
Subject: Re: [CANSLIM] Where do I put my cash?
Katherine,
Thanks for the advice. That's what I did. I switched it from my money =
market at 1.2% to SWVXX at 1.6 %. A nearly 50% increase. Not much =
difference however at this low interest rate.
Kris suggested ING Direct and that looks great. 3% return right now. =
However my pension fund has to remain at Schwab until I retire.=20
Pat
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Thursday, June 27, 2002 7:18 AM
Subject: Re: [CANSLIM] Where do I put my cash?
Hi Pat,
Give Schwab a call and ask them this question, they're good about =
giving you options. Also consider their high yield money market fund =
(still not a great return, but better than 0%): SWVXX. I believe the =
minimum to open is $25K, lower if the money is in an IRA account.
Katherine
----- Original Message -----=20
From: Patrick Keeley=20
To: canslim@lists.xmission.com=20
Sent: Thursday, June 27, 2002 6:53 AM
Subject: [CANSLIM] Where do I put my cash?
About a year and a half ago the company I work for allowed us to =
transfer our pension savings to a brokerage (Schwab) account? I want to =
get into individual stock investing and decided to be a CANSLIMer. =
However the M has kept me out of the market the entire time.
My question now is where is a good place to accumulate interest? =
The money market fund where my cash is now is almost worthless.
I certainly enjoy the wealth of expertise on this board and can't =
wait until the stock market turns around so I can invest.
Thanks in advance for your help.
Pat
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<DIV><FONT size=3D2>Patrick,</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Schwab also has an Ultrashort Bond fund in 2=20
flavors SWYPX $2500 min in regular account & $1000 in IRA YTD =
1.27%=20
return. SWYSX $50,000 Min in regular & IRA accounts 1.33% YTD. The =
idea is=20
that within a year or less most of the holding will turn over so you =
shouldn't=20
get hit to hard if you are willing to wait. If interest rates =
start moving=20
up you may loose a few pennies, the price today is $9.81 and the 52 wk =
high is=20
$10.03. If you are a Schwab customer check them out on their web =
site and=20
talk to one of their broker/advisors.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Bert</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DPatKeeley777@cableone.net=20
href=3D"mailto:PatKeeley777@cableone.net">Patrick Keeley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, June 28, 2002 =
6:52 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Where do =
I put my=20
cash?</DIV>
<DIV><BR></DIV>
<DIV><FONT color=3D#0000ff>Katherine,</FONT></DIV>
<DIV><FONT color=3D#0000ff></FONT> </DIV>
<DIV><FONT color=3D#0000ff>Thanks for the advice. That's what I did. I =
switched=20
it from my money market at 1.2% to SWVXX at 1.6 %. A nearly 50% =
increase. Not=20
much difference however at this low interest rate.</FONT></DIV>
<DIV><FONT color=3D#0000ff></FONT> </DIV>
<DIV><FONT color=3D#0000ff>Kris suggested ING Direct and that looks =
great. 3%=20
return right now. However my pension fund has to remain at Schwab =
until I=20
retire. </FONT></DIV>
<DIV><FONT color=3D#0000ff></FONT> </DIV>
<DIV><FONT color=3D#0000ff>Pat</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, June 27, 2002 =
7:18=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Where =
do I put=20
my cash?</DIV>
<DIV><BR></DIV>
<DIV>Hi Pat,</DIV>
<DIV> </DIV>
<DIV>Give Schwab a call and ask them this question, they're good =
about=20
giving you options. Also consider their high yield money market fund =
(still=20
not a great return, but better than 0%): SWVXX. I believe the =
minimum to=20
open is $25K, lower if the money is in an IRA account.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DPatKeeley777@cableone.net=20
href=3D"mailto:PatKeeley777@cableone.net">Patrick Keeley</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, June 27, =
2002 6:53=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Where do =
I put my=20
cash?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"QuickType II Mono" color=3D#0000ff size=3D2>
<DIV><FONT face=3D"Times New Roman" color=3D#0000ff size=3D3>About =
a year and a=20
half ago the company I work for allowed us to transfer our =
pension=20
savings to a brokerage (Schwab) account? I want to get into=20
individual stock investing and decided to be a CANSLIMer. However =
the M=20
has kept me out of the market the entire time.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman"><FONT size=3D3><FONT=20
color=3D#0000ff></FONT><FONT =
color=3D#0000ff></FONT></FONT></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" color=3D#0000ff size=3D3>My =
question now is=20
where is a good place to accumulate interest? The money market =
fund where=20
my cash is now is almost worthless.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman" color=3D#0000ff =
size=3D3></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" color=3D#0000ff size=3D3>I =
certainly enjoy=20
the wealth of expertise on this board and can't wait until the =
stock=20
market turns around so I can invest.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman" color=3D#0000ff =
size=3D3></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" color=3D#0000ff =
size=3D3>Thanks in advance=20
for your help.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman" color=3D#0000ff =
size=3D3></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" color=3D#0000ff=20
=
size=3D3>Pat</FONT></DIV></FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQU=
OTE></BODY></HTML>
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