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Some experts backing cash investments

October 10, 2008 by  

Some say cash is safer at the momentIt seems that each day brings new headlines about financial turmoil and a tumultuous stock market, with the result that the average investor may be uncertain about how to protect their wealth.

According to a report in the Wall Street Journal, some financial advisors are attempting to keep their clients’ money safe by increasing their cash holdings and exposure to cash and cash-equivalent investments.

Pran Tiku, a wealth manager for Peak Financial Management, told the news provider that he has been selling off lower-quality bonds with a higher yield in order to raise cash.

"If the credit crunch is as ominous as it seems and does not have a resolution, then cash becomes a very important investment to hold," he said.

In a more even-keeled market, Tiku said that he holds at least five percent of someone’s portfolio in cash and cash-equivalent short-term investments.

However, the current climate has prompted him to raise this proportion to 30 percent, while decreasing the amount held in bonds from 30 to seven percent.

Last week, Fortune magazine writer Eugenia Levinson suggested that people consider purchasing tax-exempt money market funds, which currently offer an unusually high average yield.
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  • Bob Livingston

    Certainly cash is King until all is clear for the next upswing. We may have turned the corner. Now may be the time of a lifetime to buy dirt cheap commodities for the final bull run.

    John Templeton said that stocks turn up as much as 18 months before the economy. If so, NOW is the time to conside buying.

    Obama will bring the greatest spending era in history. This will appear to an anxious world as a new heaven on earth, but lurking is the deluge!!  Fiat gurantees eventual collapse!!

    Bob Livingston

  • Florida Girl

    Excellent advice Bob!  And I tell you as this economic crisis unfolds, my energy is turning to tightening my belt, upping my stash of emergency cash, paying down debt… and now with your advice investing in some silver coins and a stock pile of non-perishable food.  Heck, I’m even considering planting a garden.  I’ll be reading The Bob Livingston Letter to learn exactly which commodities your recommending… I agree we’ll see a big run-up in the near future.

    All my best,
    Julie

  • ted plottner

    ** bob, maybe u have not been paying attention……..the amount of ‘new’ money that has been printed in the last six years…..even before these bailouts exceeds all previous Administrations———plus another two trillion in the past one year………..some overseas heavyhitters say its over two and a half trillion—————You jackasses are political idealoques…….that cannot analyze anything correctly—————–warning about Obama before his time is proof of your own guilt————-your full of it—————-i am sure you voted for Bush——-I would bet my house that you voted for bush——-the most inept guy in AMERICAN history,……..and now you want me to believe you now Obama———YEA RIGHT

  • ted plottner

    ** bob, maybe u have not been paying attention……..the amount of ‘new’ money that has been printed in the last six years…..even before these bailouts exceeds all previous Administrations———plus another two trillion in the past one year………..some overseas heavyhitters say its over two and a half trillion—————You jackasses are political idealoques…….that cannot analyze anything correctly—————–warning about Obama before his time is proof of your own guilt————-your full of it—————-i am sure you voted for Bush——-I would bet my house that you voted for bush——-the most inept guy in AMERICAN history,……..and now you want me to believe you now Obama———YEA RIGHT

  • http://thisone joe lente

    what do you think will happen to the dollar and when? do you think precious metals such as gold or foreign currancies such as china and india backed by gold are good choices? what about stock piling food,water,etc. do you think martial law is coming soon? thanks joe

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