Managing a Large Bankroll

[buffett]

[ QUOTE ]
If you are going to invest in equities

[/ QUOTE ]
No.
He needs liquidity. No money should be invested in the stock market if it might be needed in the next five years.
-web

[buffett]

[ QUOTE ]
buy the stocks of 2 or 3 companies

[/ QUOTE ]
No.
He needs liquidity. No money should be invested in the stock market if it might be needed in the next five years.
-web

[buffett]

[ QUOTE ]
Invets in DHY.

[/ QUOTE ]
No.
Do you have any idea what the spread is between high yield bonds and Treasuries right now? It's TINY.
Two or three years ago when the spread was 1000bps or so, THAT would have been the time to buy some junk bonds. NOT NOW. Warren Buffett sold out of his junk positions more than a year ago. Don't bet against Him.
-web

[buffett]

[ QUOTE ]
The one I'm in right now gets 4.5%, and it's tax free.

[/ QUOTE ]
No.
The question was about a liquid, cash-like money market or savings account.
What you have is not that, unless you live in Australia or New Zealand. Assuming you are in the US, you are NOT getting this return without taking on significant risk.
-web

[jzpiano14]

Can I make a deposit from Neteller to ING and vice versa relitivity quickly?

[buffett]

[ QUOTE ]
You might want to look into depositing into one of those european sites. That way if the american dollar continues to depreciate vs. the euro you are making money.

[/ QUOTE ]
If.
If you are a international economics/forex expert, by all means make whatever currency play you want to.
But if not.....stay within your circle of competence. If you don't know how to do something, either (1) learn how to do it or (2) don't do it.
In this case, (1) would take way more time than you think, so just stick with (2).
-web

[buffett]

[ QUOTE ]
you could put some $ into a long term investment thing like a mutual fund. But I'm an investment noob so don't quote me

[/ QUOTE ]
No.
He needs liquidity. You should not invest any money you might need in the next five years in the stock market.
Oh, crap. You asked me not to quote you. Sorry. [img]/images/graemlins/wink.gif[/img]
-web

[Leaky Eye]

[ QUOTE ]
No.
He needs liquidity. No money should be invested in the stock market if it might be needed in the next five years.

[/ QUOTE ]

The stock market only functions because of its liquidity. Any securities he purchases can certainly be liquidated immediately.

Your objection is actually an investment strategy. You do not feel people should purchase stocks or options unless it is a long term investment. This is sound advice for an inexperienced trader, but has nothing to do with the liquidity of the holding.

I am not going to post this 5 times.

PS. I agree that currency trading is not a good recommendation. Particularly the cumbersome method of using a European poker site to do it.

[sourbeaver]

.

[buffett]

Our difference of opinion is just semantics. Yes, stocks are liquid in practice. But my point (which I thought was important enough to repeat 5x--not only because particpating in the stock market for the short-term is dangerous in general, but it is especially dangerous for financial amateurs to consider doing it in the current period of severe overvaluation) is that a person who rationally limits his stock investment holding periods to a minimum of 5 years has in essence given up short-term liquidity.
-web