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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCNBC: Where Investor Money Is Going: 'Under the Mattress'
http://finance.yahoo.com/news/where-investor-money-going-under-191550285.htmlInvestors have been running from stocks and even bonds as fast as their feet can take them, putting their cash instead in accounts that earn practically nothing but provide shelter from turbulent times.
Over the first 11 months of 2011, plain-vanilla savings and checking accounts attracted eight times the money as stock and bond mutual and exchange-traded funds, according to data from market research firm TrimTabs.
The pace accelerated to nearly 13 times from September to November, the most recent month for which data is available.
... "The real money these days is going straight under the mattress," said TrimTabs CEO Charles Biderman. "The Fed is doing almost everything in its power to entice investors to speculate in overpriced asset markets. Yet investors - particularly on the retail side - are mostly refusing to take the bait."
Arctic Dave
(13,812 posts)A) savings account where you earn little, or
B) stock market where some asshole will rob you of all of it
Blue_Tires
(55,445 posts)Cali_Democrat
(30,439 posts)Blaze Diem
(3,384 posts)I'll take a minimal interest acct any day, or an old sock for that matter, before I risk a single penny of my money on any get rich quick stock scheme.
Not much of a gambler I guess.
Greybnk48
(10,168 posts)The stupid f*ckers got greedy and killed the goose that laid the golden egg. They could have milked our accounts for years but they got piggy and exposed themselves.
Yavin4
(35,443 posts)because of inflation.
Lars39
(26,109 posts)Blaze Diem
(3,384 posts)They have well proven what they are doing. Criminals..My Credit Union is a comfy place to store my cash.
gratuitous
(82,849 posts)Investors might have some confidence that their money isn't just being tossed into the maw of a sophisticated three card monte game. At least with the sharpers on the street corner, you get the patter and the show for your money.