$1.5 BILLION contingency fund? Interesting to see how this will develop.
Thank you for sharing.
avalpert wrote:abuss368 wrote:Like any business decision or investment: it is all about the cash flow!
No, it really isn't - that is how people get duped into bad annuity type products.
livesoft wrote:You weren't using your Goldman Sachs office for the delivery address, were you?
thx1138 wrote:abuss368 wrote:Could one even imagine? 14% tax free (on that balance).
Well, if it was 1980 that was a real return of about 1%
DonCamillo wrote:I remember about 1980 when one of my father's best friends retired, withdrew $10,000,000 from his Goldman Sachs partnership account, and invested it in tax free municipals at 14%. That opportunity has never come again.
BigPrince wrote:We are going to increase the bond allocation and also shrink the emergency fund a little. Once we give it more thought, I will be sure to update the post. Thanks.
Workinghard wrote:I was told funds would automatically convert to Admiral shares, but I've had to request that it be done. Easy enough to do with a phone call.
Crow Hunter wrote:I have inherited 3 individual Mortgage Backed Securities and 3 UITs in a taxable account.
WAMU 11/25/33 5.5% $15,000
GMAC 06/25/34 5.75% $8,000
BofA 03/25/35 5.05% $8,000