On Mar 31, 8:42 pm, anoop <ghanw...@[EMAIL PROTECTED]
> wrote:
> On Mar 31, 8:20 pm, "Elizabeth Richardson" <erich...@[EMAIL PROTECTED]
>
> wrote:
>
> > "anoop" <ghanw...@[EMAIL PROTECTED]
> wrote in message
> > > 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.
>
> Are you saying its pretty safe to have millions
> of dollars sitting in these funds at Vanguard/Fidelity?
> It sounds like you regard these funds as having a
> lower risk than regular bank deposits, and yet these
> funds tend to have higher returns.
>
> Anoop
>
I think you are mixing two issues here. Safe from what? Bank
bankruptcy or market fluctuations?
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