| User | Comment |
|---|
gambler   |
Just leave it , where it is.......... NCB national commercial bank is the big boy here in Jamaica and thats where I have my checking account, I have other savings at a reputable savings place if either of these folded/bankrupted then basically it would be time to leave Jamaica I think |
bill   | | posted 3-Oct-2008 10:26am |
don't time the market |
Galomorro   | | posted 3-Oct-2008 10:46am |
Money? What money? |
Matty   | | posted 3-Oct-2008 10:58am |
I'm leaving all (whoo hoo, it's so much, too) money right where it is. |
| Enheduanna | | posted 3-Oct-2008 11:01am |
The small amount that I have in a TIAA-CREF account I will just leave there. I figure they know better than I do what to do with it. Other than that, I have no savings. |
| Matty |
TIAA-CREF is excellent; your wise to leave it there. However, when you retire, I would roll it over to an IRA. Each school you have taught for has unique requirements for drawing funds. It's an absolute pain in the ass; my dad had to restructure my mom's retirement funding 2 years ago for that reason. Each time she wanted to take out money, she had to write a letter to IUP, Marist College, and Howard University, then she waited 2 weeks. |
| Joanne | | posted 3-Oct-2008 11:39am |
Ride it out. There's still time. There's still commerce. Wm. Buffet once said something like "if Coke stops making Coke, if Phillips stops making shavers, if Disney stops entertaining, and if MacDonalds stops selling burgers, you've got more to worry about than your money." |
| Enheduanna | | (reply to Matty) posted 3-Oct-2008 1:11pm |
Yeah, I already have multiple contracts and figured I would want to roll them into one at some point. That's years and years off, though. |
| Frostbrand |
My bank actually seems to be doing well. The exception to the rule perhaps, but Compass was my third bank, and so far I've been with them longer than my first two combined anyway, so unless I hear otherwise, my money's staying where it is. |
| aquawolfy |
I have no money to begin with! |
| Melf |
Shrug and look cool. |
| LJD |
What money? The only thing I can think of is precious metals. Buy Barter products. Buy land for a commune with family, and friends. Store dried food, and medicines, bandage, and WATER. Generators, ham radios, GUN, AND AMMO. Cleansing products. Hydrogen peroxide, generic, and food grade. |
| LindaH |
I'm leaving it where it is, though it would be better for the economy to just spend it all.  |
| llamamama |
I don't have a bank account..and they've said our money is safe.. |
| Strider | | posted 3-Oct-2008 11:34pm |
I live in Canada were the federal government insures all the banks. |
JessicaWoman99  | | posted 4-Oct-2008 12:11am |
Money what money oh come on" well i just pay the bills and leave some cash in my savings account for whatever happens |
| Cain |
Ha ha - what money?!! |
| jettles |
it depends, we have a financial advisor and have moved much of our investments around and some to cash. much of what we have is in IRA and 403B etc and can be moved around but not pulled out without penalty so we are moving it and waiting it out. we weren't retiring soon although we do have a plan which i hope we will be able to still keep to. |
| southernyankee |
I am putting the little that I have into a credit union. I might even open up a CD with them. They offer better interest rates than banks. |
| cloudhugger |
I'm riding it out. My IRA is $8 grand behind last year. It's a whole lot uglier than it looks. Hopefully, when I need the money the market will be stable and not on another low. |
| Gomezy3k |
I wish I had money to worry about... Do not have a bank account, or savings, or much of anything... I cash my disability checks at a casino and hope it lasts until the next month when I get the next check... |
| Matty | | (reply to jettles) posted 6-Oct-2008 8:22am |
403b? Do you work for a non-profit?
|
| cerealkiller |
What money? I don't have a savings account, don't invest, etc. Might lose a few bucks on 401k plan but that is long term and not worrying about it. Day to day banking is with Bank of America who just swallowed up a failing bank. |
| jettles | | (reply to Matty) posted 7-Oct-2008 9:21am |
nope, work for a hospital(a for profit Baptist hospital) and AIG/Valic (great right!) is the holder of our 403b and our employer/hospital contributes a small amount along with our contribution. |
| Matty | | (reply to jettles) posted 7-Oct-2008 9:27am |
Hmmm, that's interesting. My impression was that one of the disctintions between a 403b and a 401k was non versus for profit status. Is that Baptist hospital part of a nonprofit Baptist ministry? |
| jettles | | (reply to Matty) posted 7-Oct-2008 9:50am |
maybe it is because it is a baptist hospital?? i do see that 403b is for educational institutions, non profits etc...... don't know why? |
| Matty | | (reply to jettles) posted 7-Oct-2008 10:00am |
fair enough, enjoy the better tax structure |
| Pomeranian | | posted 10-Oct-2008 4:20am |
Don't pull your cash out of savings, for pete's sake. If you really are such a scaredycat then switch to CDs. |
