Hot News show next Hot News
Pennywise Payoffs: Investment Tips That You Can Take to the Bank
Thursday, October 02, 2008 6:10 AM
Symbols: GM, SCHW
(Source: The Columbus Dispatch, Ohio)trackingBy Joe Blundo, The Columbus Dispatch, Ohio

Oct. 2--In this volatile economic climate, some investors are desperate for financial advice. -- We doubt they're desperate enough to take it from The Flip Side, but you never know. -- So, today, we make an uncharacteristic foray into personal finance with advice for these trying times. -- Here are Four Places To Put Your Money Now:

jblundo@dispatch.com

1. The mattress

If you cut open the seam binding that runs along the top and bottom perimeters of a standard mattress, you could stuff some bills in there.

"It would take a lot of ones to make a dent, but if you got some big bills, you could probably get enough in there," said Jeff Merrill, an owner of the Original Mattress Factory.

Merrill said the cash, carefully placed, shouldn't interfere with comfort.

Downside: The Flip Side was unable to find an interest-bearing mattress.

2. The backyard

Pirates, drug dealers and other astute business types have been burying treasures for a long time -- why not you?

Because the money will get wet.

But fear not: The government might replace it. The U.S. Bureau of Engraving and Printing Web site ( www.moneyfactory.gov), perhaps anticipating a trend, tells how to replace currency damaged by burial.

Downside: You might lose money -- literally. Draw a good map.

3. Stock

As in: livestock.

A laying hen can produce an egg a day, said David Latshaw, a professor of animal science at Ohio State University. And that's regardless of how much world financial markets are roiling the Dow.

Also, you can eat a meat chicken 40 days after hatching. Don't try that with General Motors stock.

Downside: You can't unload underperforming feeder pigs with your Charles Schwab account.

4. Alaskan bridge contracts

This kind of investment is more speculative.

Whether she wins the vice presidency or not, Sarah Palin has raised the profile of Alaska. Any resulting population boom could remove a chief objection to Alaskan bridges: that they go nowhere.

Invest now.

Downside: If Barack Obama wins, the better play might be Chicago political machinery.

-----

To see more of The Columbus Dispatch, or to subscribe to the newspaper, go to http://www.columbusdispatch.com.

Copyright (c) 2008, The Columbus Dispatch, Ohio

Distributed by McClatchy-Tribune Information Services.

For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

NYSE:GM, NASDAQ-NMS:SCHW,


More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate :  Rate this Commentary  


 Number of Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail
Related Quotes

 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved