Once again it is spring when The Seasonal Investor turns his attention to divesting from the market. And that time is upon us this week. As the countdown timer shows, divestment date is a mere 3 days hence.
This year the summer savings alternatives appear woefull. Despite that face, from May through most of October, The Seasonal Investor will park funds in cash and cash equivalents. This year appears to be even poorer for returns on cash than last year with interest on 3-6 month CDs running at 0.3% APR or less.
So, starting at the close of the market on May 6, 2009, CASH IS KING!
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