ALBERT HERTER

ADDED MORE $ TO TWO FIDELITY FUNDS YESTERDAY. FGMNX & SFHIX

In Uncategorized on February 14, 2009 at 14:30

TUESDAY I PUT $20 (YOU MOVE THE DECIMAL POINT WHERE YOU WANT) INTO FIDELITY GINNIE MAE & FIDELITY HIGH INCOME FUNDS.

DID SOME FURTHER RESEARCH, COGITATED , READ SOME TEA LEAVES AND VOILA!! STEPPED UP TO THE PLATE YESTERDAY AND PUT ANOTHER $30 INTO EACH FUND, FOR A TOTAL OF $50 IN EACH.

FGMNX HAS A 30 DAY YIELD OF 4.19%M AND SFHIX HAS A 30 DAY YIELD OF 11.13%. STILL HOLDING ENOUGH CASH/CASH EQUIVALENTS TO LAST ME 25 YEARS!

TRYING TO GET BEYOND THE  1.20% THAT FIDELITY IS FETCHING IN THEIR MONEY MARKET FUND. WITHOUT LOCKING UP FUNDS AND/OR MAKING ANY BETS ON EQUITIES.

BE SURE TO WATCH FRONTLINE’S ‘INSIDE THE MELTDOWN ON PBS THIS COMING TUESDAY ON AT 9PM HERE IN NYC.

THE WORST IS YET TO COME. C.B.O. ESTIMATES THE TOTAL OF WORTHLESS DEBT OWNED BY BANKS/FUNDS/BROKERAGE HOUSES/ETC. TO BE $3.6 TRILLION!!!!!!! MY GUESS IS STILL THAT THIS IS GOING TO TAKE 3-5 YEARS TO WORK ITSELF OUT.

FORMER FRENCH FINANCE MINISTER DOMINIQUE STRAUS-KAHN, NOW HEAD OF THE I.M.F. SAID THAT EUROPE AND AMERICA WERE ALREADY IN A DEPRESSION………HUNKER DOWN FOLKS. MORE AND MORE STORES FOR RENT ON MADISON AVENUE. EMPTY RESTAURANTS, PRICES COMING DOWN, PEOPLE WORRIED EVEN IF THEY DO HAVE JOBS TODAY.

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