Out for now.. @ $11.10. Got into money market fund at .01%. (FRTXX). What a joke. Preservation of capital for now. Why is it so pitifully low ? Used to be 4-5% a few years ago , with a decent dividend . What has caused this minute return. A bank savings account would be better !
Will this move up as interest rates move up ? Seems like our only choice now is stocks or bonds , and I'm not liking either right now. You would think Fidelity would have some other option for at least a small return on your cash. I would settle for 2% at this point until this market shakes out. Valuations are too high for stocks right now and believe a 20% haircut will come by end of 2013, early 2014. And as interest rates move up , can't see bonds as a choice.
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