--- In FairfieldLife@yahoogroups.com, "authfriend" <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, "shempmcgurk" <shempmcgurk@> > wrote: > > > > --- In FairfieldLife@yahoogroups.com, "authfriend" <jstein@> > > wrote: > > > > > > --- In FairfieldLife@yahoogroups.com, anony_sleuth_ff <no_reply@> > > > wrote: > > > > > > > > --- In FairfieldLife@yahoogroups.com, "authfriend" <jstein@> > > wrote: > > > > > > > > > > --- In FairfieldLife@yahoogroups.com, anony_sleuth_ff > > <no_reply@> > > > > > wrote: > > > > > From the SF Chronicle, September 29, 2001 (posted before > > > > > but apparently not read by you): > > > > > > > > Yes I read it. I commented on it. It unsubstantiated crap from > > > > unnamed sources. Didn't you get that the first time? > > > > > > If I had, why would I suggest you hadn't read it? > > > > > > <snip> > > > > > "Usually, if someone has a windfall like that, you take the > > > > > money and run," said the source, who spoke on condition of > > > > > anonymity. > > > > > > > > Which is crap. millions of investors keep their windfalls in > > > > their accounts for decades. > > > > > > I very seriously doubt anybody keeps $2.5 million > > > just sitting, uninvested, in their account. > > > > That's because you have no experience with the real world. > > > > I do estate planning. I often see investors keep hundreds of > > thousands of dollars uninvested in their accounts. > > > > It is usually parked in a money market account. > > > > This is often done by investors who have, perhaps, cashed out of > > bonds or equities because they feel that particular market is going > > to go down, so they park it in their money market account so that > > it at least draws some interest. > > > > They then will reinvest it if they feel the market will make a move > > upwards. > > However, I was talking about parking *$2.5 million*, > not hundreds of thousands, for *decades*, not for a > few months or even a few years. > > And there's no indication this money had been invested > in a money-market account.
Unless cash is put under a mattress, virtually all money is invested. But when investment money is put "on hold" investors usually park it in a temporary place, which is almost always a money market account. So technically, yes, putting money in a money market account is "investing" but it really isn't. As for decades, well, I've only been in this business for about 8 years so I can't say from my personal experience whether people do it for decades. > > Plus which, we're talking about a windfall purportedly > made on the basis of insider information about a coming > disaster that would kill people, which is obviously a > criminal act. > > So your response is--once again--a non sequitur. > To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
