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Captain

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Posted: Aug. 20, 2010 - 8:13 AM ET #1

I've got some extra cash ( a few K) and am trying to decide what to do with it....any constructive ideas are appreciated...thanks!

wallstreetcappers

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Posted: Aug. 20, 2010 - 11:15 AM ET #2

Are you contributing yearly to an IRA?

If the answer is no, that is what you should do with the funds.

Veteran

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Posted: Aug. 20, 2010 - 11:42 AM ET #3

Cash is a legitimate position as well.

We are in the midst of a grinding credit contraction. Pay off any outstanding balances if you have any.

Avoid the 20 year Treasury.

wallstreetcappers

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Posted: Aug. 20, 2010 - 12:03 PM ET #4

Quote Originally Posted by Vermeer:

Cash is a legitimate position as well.

We are in the midst of a grinding credit contraction. Pay off any outstanding balances if you have any.

Avoid the 20 year Treasury.

Agree as usual. Anyone buying treasury notes/bills/bonds at these high prices will be suffering later on..

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Posted: Aug. 20, 2010 - 12:40 PM ET #5

Captain

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Posted: Aug. 20, 2010 - 3:47 PM ET #6

Thank you Wall Street & Vermeer!

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