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URL:  http://boards.fool.com/proteumsmp3-you-wrote-i-was-rather-28628461.aspx

Subject:  Re: What to do with My Savings... Date:  7/12/2010  1:53 AM
Author:  joelcorley Number:  31075 of 35576

proteumsmp3,

You wrote, I was rather vague...basically, I'm not happy with my money market performance and I'm curious about what other options are out there. I'm not overly interested in buying a house, and I'm leaning towards using my savings as income stream. Just curious about how much I could expect to make, or if I'm better off leaving the money as liquid savings. Thanks for all of the help.

If this is just part of your financial plan and you have the other bases covered, you might consider direct bond or preferred purchases. They're a lot like buying a CD or Treasury note; but there's more risk. I believe the board's FAQ summarizes those risks. Perhaps you should read it before you dive in.

Lots of people are uncomfortable buying preferreds or other corporate debt. However, that is exactly what I'm doing with my much of my own portfolio. But it has risks. If you understand that you're buying an income stream for a fixed period of time and willing to live with that, buying direct corporate obligations can work out pretty well. But you should buy instruments that you are comfortable with and that will let you sleep well at night