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What is a safe investment now?

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July 27, 2011 – Comments (7)

How safe was gold today?  How safe were stocks?  How about treasury investments?  How about foriegn currancies?  Maybe we should buy farm land with a good water supply?

  An analyst on CNBC announces he is 100% cash, buy why?  How much is cash worth?

  For me I gave up some cash for BA and XLK today.  

  Feel free to share your thoughts?    

7 Comments – Post Your Own

#1) On July 27, 2011 at 5:54 PM, TheDumbMoney (44.31) wrote:

Cash is never, ever going to drop 10 or 20% in a day.  The value of cash is in its ability to buy other assets that may.

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#2) On July 27, 2011 at 6:40 PM, chk999 (99.98) wrote:

Over long periods of time cash loses value to inflation. Over short periods of time it is much less volatile than pretty much anything else.

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#3) On July 27, 2011 at 8:16 PM, soycapital (< 20) wrote:

today a bit of CSCO and Intel, I'm tired of "cash" but will be patient for more of a bite.

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#4) On July 27, 2011 at 8:31 PM, TMFAleph1 (95.97) wrote:

Cash is less volatile than everything else.

Corrected.

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#5) On July 27, 2011 at 8:31 PM, Varchild2008 (84.65) wrote:

What is a safe investment?

How about filling out an application to obtain a Canadian Citizenship, where at least they are becoming ever more progressively Conservative and Business Friendly ever since Stephen Harper's election.

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#6) On July 28, 2011 at 12:26 AM, Jimmy2008 (< 20) wrote:

I expect a brief but ugly correction and would keep cash for now. Look, almost everything dropped today (my favourite stock of SLW dropped by 5% TODAY). Much better entry points could be coming soon.

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#7) On August 05, 2011 at 1:24 PM, jlmjlm77 (99.46) wrote:

Jimmy2008 - Good call.  Also good comments by everyone else.  I stepped back in yesterday and today going back to near 100% invested in my IRA.  Maybe too soon, if market drops more, I have more new IRA money to invest later.

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