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<<Treasuries. The yield for 30 year treasuries yesterday was 6.01%>>

But he said he wanted a *safe* place. A 30-year note is anything but safe. Ask the S&L's! No danger of default with treasuries, but a huge danger of market risk--the value of the bonds will vary wildly as interest rates change. Everything I have read says that you shouldn't go out more than about 3-5 years.

www.scottburns.com has a very good treatment of these issues, and recommendations.

Another thing you might want to look at is the "Utility/dividend strategy" in JOS's book "How To Retire Rich". This screen begins with the stocks rated #1 for safety by Value Line.

Ray

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