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Old 10-20-2007, 12:26 AM
dazraf69 dazraf69 is offline
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Join Date: Dec 2005
Location: Bay Area
Posts: 1,177
Default Re: October [censored] thread

Any suggestions of what to do with 15k worth of cash in US dollars. Its becoming depressing as the dollar continues to drop. I currently have it in a high yield savings account that was earning 5.05 but now is about 4.5%. I am holding it for the time because I speculate/think that the market will react to a 4th quarter miss of earnings as a sign of a recession at which time many companies will be for sale at a discount (i don't want a comment about timing the market).

Thoughts appreciated.