On Mon, 31 Mar 2008 22:20:21 -0500, "Elizabeth Richardson"
<erichktn@[EMAIL PROTECTED]
> wrote:
>> For example, if one has invested in VCTXX, then
>> one could lose part of that money if the state of
>> CA goes bust, right? What can one do in this
>> scenario? Just stick with treasury funds?
>>
>
>If the State of California goes bust, we've got more problems than any
>federal deposit insurance will fix.
Elizabeth I like your style.
As for another opinion on the thread about how to invest a friend's
$500,000, I can't remember how many times the OP mentioned that they
wanted no risk, but it was a bunch. So I vote for CDs.
(Personally I would not put $500,000 in CDs, but my job is to help the
client handle his/her money the way he/she wishes, which is not
necessarily what I would do. This OP was very clear in what he
wanted.)
-HW "Skip" Weldon
Columbia, SC
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