Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Cash
Date: Mon, 9 Sep 2002 19:41:25 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_006B_01C25838.E273FBE0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_006C_01C25838.E273FBE0" - ------=_NextPart_001_006C_01C25838.E273FBE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Messageof course, that's assuming the US govt doesn't file bankruptcy. = Should that happen, guess we all have a lot to worry about. I would agree, if you need to park money away, "with guarantees of total = safety and that designated "chunks" can be liquid at predetermined = dates", then this is a good way to go about it. I would think only your = first chunk gives you much choice, and since you want to keep it liquid = and ready, a money market is probably the solution until ready to use = it.=20 If you are looking for a more aggressive return on the other two chunks, = and are willing to take limited risks with it, then you could look at = commercial paper for one to two years out, but as we saw with Enron, = Global Crossing, etc. there can be far greater risk with corporate paper = than reasonable due diligence research may disclose. I do recall that when one of the big CA utilities went into bankruptcy = (PG&E??) they still paid off their commercial paper with less than a = year maturity, while defaulting on longer term paper. But that is no = guarantee the same would happen with some other corp. - ----- Original Message -----=20 From: J. Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Monday, September 09, 2002 6:09 PM Subject: Re: [CANSLIM] Cash Check out www.treasurydirect.gov. You can purchase T-bills online for various durations. The system is = convenient and since you're buying T-bills directly from the U.S., = there's "total safety". Jon ----- Original Message -----=20 From: Duke Miller=20 To: CANSLIM=20 Sent: Monday, September 09, 2002 10:05 AM Subject: [CANSLIM] Cash Hi all. Back again after a couple of weeks away from cyberspace (very = therapeutic, I might add). Directly, this isn't CANSLIM. But I'm looking for the kind of = objective input only this list can provide. I've got three stashes of cash: That reserved for the M turn upward; = that which will provide about three years of income during bad market = times (I'm retired; spouse about a year away); and that set aside to = cover last offspring's next three years of college. =20 My question is all but totally obvious by now: What's the best way to = store the stash with guarantees of total safety and that designated = "chunks" can be liquid at predetermined dates (like the start of son's = second year, third year, etc.)? Thanks for your time. Duke This email, including any attachments, was scanned by Norton = Anti-Virus prior to being sent.=20 - ------=_NextPart_001_006C_01C25838.E273FBE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD><TITLE>Message</TITLE> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2719.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>of course, that's assuming the US govt doesn't = file=20 bankruptcy. Should that happen, guess we all have a lot to worry=20 about.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I would agree, if you need to park money = away, "<FONT=20 color=3D#0000ff>with guarantees of total safety and that designated = "chunks" can=20 be liquid at predetermined dates", </FONT><FONT color=3D#000000>then = this is a=20 good way to go about it. I would think only your first chunk gives = you much=20 choice, and since you want to keep it liquid and ready, a money market = is=20 probably the solution until ready to use it. </FONT></FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>If you are looking for a more aggressive return = on the=20 other two chunks, and are willing to take limited risks with it, then = you could=20 look at commercial paper for one to two years out, but as we saw with = Enron,=20 Global Crossing, etc. there can be far greater risk with corporate paper = than=20 reasonable due diligence research may disclose.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I do recall that when one of the big CA = utilities went=20 into bankruptcy (PG&E??) they still paid off their commercial paper = with=20 less than a year maturity, while defaulting on longer term paper. But = that is no=20 guarantee the same would happen with some other corp.</FONT></DIV> <DIV> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Djlobatto@nyc.rr.com href=3D"mailto:jlobatto@nyc.rr.com">J. = Lobatto</A>=20 </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Monday, September 09, 2002 6:09 PM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] Cash</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial color=3D#0000ff>Check out <A=20 href=3D"http://www.treasurydirect.gov">www.treasurydirect.gov</A>.</FONT>= </DIV> <DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff> You can purchase T-bills = online for=20 various durations. The system is convenient and since you're buying = T-bills=20 directly from the U.S., there's "total safety".</FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff>Jon</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=3Ddukemill@tampabay.rr.com = href=3D"mailto:dukemill@tampabay.rr.com">Duke=20 Miller</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</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, September 09, = 2002 10:05=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Cash</DIV> <DIV><BR></DIV> <DIV><SPAN class=3D812205913-09092002><FONT face=3DArial>Hi=20 all.</FONT></SPAN></DIV> <DIV><SPAN class=3D812205913-09092002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D812205913-09092002><FONT face=3DArial>Back again = after a couple=20 of weeks away from cyberspace (very therapeutic, I might=20 add).</FONT></SPAN></DIV> <DIV><SPAN class=3D812205913-09092002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D812205913-09092002><FONT face=3DArial>Directly, = this isn't=20 CANSLIM. But I'm looking for the kind of objective input only = this list=20 can provide.</FONT></SPAN></DIV> <DIV><SPAN class=3D812205913-09092002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D812205913-09092002><FONT face=3DArial>I've got = three stashes of=20 cash: That reserved for the M turn upward; that which will = provide about=20 three years of income during bad market times (I'm retired; spouse = about a=20 year away); and that set aside to cover last offspring's=20 next three years of college. </FONT></SPAN></DIV> <DIV><SPAN class=3D812205913-09092002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D812205913-09092002><FONT face=3DArial>My question = is all but=20 totally obvious by now: What's the best way to store the stash = with=20 guarantees of total safety and that designated "chunks" can be liquid = at=20 predetermined dates (like the start of son's second year, third year,=20 etc.)?</FONT></SPAN></DIV> <DIV><SPAN class=3D812205913-09092002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D812205913-09092002><FONT face=3DArial>Thanks for = your=20 time.</FONT></SPAN></DIV> <DIV><SPAN class=3D812205913-09092002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D812205913-09092002><FONT = face=3DArial>Duke</FONT></SPAN></DIV> <DIV> </DIV><FONT size=3D2> <P align=3Dleft>This email, including any attachments, was scanned by = Norton=20 Anti-Virus prior to being sent. </P></FONT> <DIV align=3Dleft><IMG alt=3D"" hspace=3D0=20 src=3D"cid:006a01c2585a$697bfef0$6501a8c0@TOMSBOX" align=3Dbaseline=20 border=3D0></DIV> <DIV> </DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_001_006C_01C25838.E273FBE0-- - ------=_NextPart_000_006B_01C25838.E273FBE0 Content-Type: image/gif; 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