should i transfer all my assets to saving bonds?

Question

There is growing speculation that a hurricane will hit New York city this year. Many financial organizations will suffer damage. During the hurricane season should I transfer my assets to more secure locations.

Answer 1

what's to keep the terrorists from blowing up the bonds?

don't go out the door, lightening might strike

keyword here (active adverb) is "might" or "growing speculation"

you've got to be kidding

Answer 2

As funny as people seem to think this is, your money is not a laughing matter. I deal with folks who want their money safe every day, and there is nothing wrong with that. Ask my clients who lived through the depression how in to stocks, and mutual funds, and even banks how uneasy they are to be involved like their parents were.

You could put it all in bonds, but a smarter idea would be a Fixed Annuity offering a much higher tax deferred interest rate. (we pay 6.5% currently) No fees! Our office is in Chicago not NY and Fixed Annuities are as safe as it comes. After all insurance companies are who bailed out the banks during the depression. Fixed Annuities offer a base interest rate that they are guaranteed never to fall below, no matter what happens to NY city! You are not alone, many of my clients feel that we are headed back to bad times. Get your assets secure.

let me know if I can help

Answer 3

HAHAHA, sorry. hold on a sec. Let me get my breath.

Yes, the entire world will fall apart if New York gets rained on. Sell everything and go into 3% bonds. In fact, pick the lowest paying bonds because they are probably safer if you need to sell early due to the rising interest rates. At least that way your gauranteed to lose money seeing as inflation is at 4% or better.

Answer 4

Actually, laugh as they may, I did the same thing about two months ago. Transfer your assets to a Bond Fund like Loomis Bond Fund and wait until after the stock market crash of October 2006 to put your money back into stocks.
Also, reallocate about one quarter to Canadian Bonds, one quarter to small-cap funds and the other half to mid- and large-cap funds.

You will be glad you did.

Answer 5

If you are that paranoid, stick the cash in you mattress.