"PeterL" <po.ning[at]gmail.com> wrote in message
news:1175807708.823285.91040[at]e65g2000hsc.googlegroups.com...

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Shotguns don't have enough range. You want to keep 'em
far, far away from your pot-o-gold and a shotgun is
basically ineffective at over 100 yrds. Along with the
"lots of ammo" you want a good reloading rig too!

<grin

On Apr 5, 1:01 pm, "Jim" <j...[at]decombabulator.com> wrote:
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Yes. Although cash is no protection in a dooms day scenario.


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Probably not really. Insured or not, maybe the choice. But in a
doomsday scenario, insurance companies are all going broke anyway.


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In a 1930 type situation, banks will be failing left and right. What
you need is gold, actual gold, not gold stocks. And a couple of good
shotguns and lots of ammo.

In article <57l1h0F2dk6sbU1[at]mid.individual.net> ,
"Jim" <jim[at]decombabulator.com> wrote:

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That would depend on where and what type of brokerage account you have
and what their offerings are.

Personally I have 2 Schwab accounts, an IRA and a regular brokerage
account. I hold mostly mutual funds, bonds and cash. Presently I am
about 1/3 each because there hasn't been many good fixed income
securities available lately. As my bonds come due they are simply
converted to cash and moved to Schwab's Value Advantage Cash Fund which
is paying 5.04% now. I have also been buying short (<2yrs) CD's at a
slightly higher interest rate.

I sold 2 under performing mutual funds just yesterday so I have a cash
balance in my account right now (that cash earns 4.85% until I do
something with it).

So, yes, it is simple to convert to cash. It happens automatically
whenever you sell a security within your IRA account. The amount of
interest the cash earns is dependent on what the broker offers.

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The CD's that I have been buying in my Schwab IRA account are with
different banks and each is FDIC insured. That's better protection than
an uninsured bond earning the same interest. You can also invest into
government (US) bonds if you want security, but they earn less.

--
-Ernie-

Jim wrote:
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Yes.

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Maybe one that's insured, if that isn't part of your doomsday scenario.

IRA funds can be in CDs, savings accounts, and checking accounts (each
check written being treated as a distribution).

-Mark Bole

suppose I felt a mother-of-all-times economic downturn coming into the
markets and wanted to take all my existing investments, including fully
invested IRA and Roth IRA accounts into a Cash status

is it simply a matter of moving from fund XYZ into whatever moneymarket
account within that particular firm?
does it matter in my doomsday scenario which type of moneymarket account I
choose?

since I've written before about Vanguard, for examples sake, let's assume
VEURX or NAESX moved where -> ?

I suppose that with a Roth IRA, in a real 1930's-meltdown and perfect Karnak
Vision(sm) I could even take my own contributions and park them into a
checking account and wait for the skies to clear. With a traditional IRA
that is not possible so there would have to be a clear Cash type fund to
park the money