"Makes prefect sense. In fact, ignoring one's genetically imposed comfort zone with regard to risk gets a lot of people into more trouble than they ever recover from. Just because some people like to do crazy things with their money and lives doesn't mean you should, too. "


Charlie,

Well, I've done my share of ignoring my genetically imposed comfort zone and gotten into enough trouble in my life that I don't need to do that anymore!

As for the money market funds versus treasuries, themselves, I have some treasuries now, and my money-market is in treasuries, as well. With the money-market, I thought I could access the funds on an instant basis, while making a bit more than just carrying cash. I checked with Schwab, who said if I wanted to buy securities or whatever, I could make the purchase, which doesn't clear for three days (?) and my money market funds would be available as cash in one day. So I figure it was a small but simple improvement of interest, which I'll take. Unless, I'm looking at this wrong.

I picked up a dime on the street the other day. And a penny (it was clean), and I thought, good practice.

Mr. Market seems particularly wobbly right now, which is one concept I kind of get, and am using whatever discipline i have to maintain a ready stance.

Now, that secondary treasury market thing, I don't understand at all. The first question I have is why would anyone buy treasuries on a secondary market and tolerate a markup at all??? I haven't gotten that far in my studying, so I wonder how is that different than buying a treasury money market? Meaning: Are the mark ups in the secondary market cheaper than the fees for the money market? And, second, the purpose of the money market is so i can make interest instead of just having it in a low-interest bank sweep, which I can access pretty much like cash. If I want to sell a secondary treasury, quickly, do I run the risk of losing money? Or is that something for my next experiment with a small amount of cash?

BTW, I don't understand ETF's either, yet. So there's that, if the concepts are related?

Thank you, Charlie. The concepts of making even just a little of something that compounds is interesting to me! I sure hope I'm on the right track! Tell me if I'm not! Thanks.