Comments on: Deutsche breaks the buck http://blogs.reuters.com/rolfe-winkler/2009/09/03/deutsche-breaks-the-buck/ Option ARMageddon Tue, 14 Oct 2014 13:06:34 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Greg http://blogs.reuters.com/rolfe-winkler/2009/09/03/deutsche-breaks-the-buck/comment-page-1/#comment-1301 Fri, 04 Sep 2009 12:55:05 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3475#comment-1301 The day they allow the NAV on a (so-called) ”stable value fund” to float… is the day I take a tax hit and pull every dime out of my 401k. The fact that ”money funds” do NOT ”break the buck” is the ONLY reason I have not (yet) already cashed out.

My employer doesn’t ”match” anyway, so NONE of the money deposited into my 401k is ”free money” that I would otherwise lose by discontinuing contributions.

Ps… I have (truly/honestly) always suspected that the ”Boomers” retirement ”portfolios” would get wiped out right before they needed to ”cash out” for their retirement.

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By: GaryD http://blogs.reuters.com/rolfe-winkler/2009/09/03/deutsche-breaks-the-buck/comment-page-1/#comment-1293 Fri, 04 Sep 2009 04:32:31 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3475#comment-1293 What effect would the widespread adoption of this have on sweeps, where money is swept from a savings or chequing account into a money market fund each night and placed back the next morning.

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By: But What do I Know? http://blogs.reuters.com/rolfe-winkler/2009/09/03/deutsche-breaks-the-buck/comment-page-1/#comment-1285 Thu, 03 Sep 2009 18:54:55 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3475#comment-1285 Isn’t this just a consequence of near-zero interest rates? I don’t think the Merry Banksters have grasped that the Law of Unintended Consequences might rebound upon them in this unforeseen manner. But really, isn’t it just about time for a saver’s strike–were getting screwed by artificially low rates right now–maybe we should all just pull our money out of the bank and see how they’d like it.

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