I think basically the only thing to do now is to park $$ in any kind of
FDIC account, forget any kind of interest and just hold tight till
things settle down -- in a year or two at best.
I'm mostly doing that, but I also have some $$ with Smith Barney, in a
Commodities/Futures account involving currency, some Nowegian Kroener
and some Swiss Francs. All in all, I'd like to keep it there because I
think the dollar has a ways to go down.
Question is, how safe is it? Citi (who owns Smith Barney) might
dissolve, but right now Smith Barney is actually profitable????
Advice? I could turn the acct into $$ and park that in a CD. Otherwise,
is there a safer institution I could transfer the Kroener/Swiss Francs to?
Too fancy for my own good.....
Joanna
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