
In my conversation with you yesterday, we discussed what’s going on with FCASH at Fidelity. It’s more of a nuisance than a problem, but it could be an issue for those not paying attention.
I’ve always viewed money markets as an investment—one requiring a decision to buy or sell. Be careful out there. I’ve seen how the sausage is made. I’ve seen investors get ruined by thinking they were in a “safe” investment.
I wish investors would listen. Many don’t. They learn the hard way, after the fact, that their risk tolerance was, like a food allergy, an intolerance.
Action Line: When you want to talk about your risk tolerance with someone who will listen, email me at ejsmith@yoursurvivalguy.com.