Limited partnerships, sham promissory notes, oil field certificates and many other investments were popular then too and also risky.Specifically, it was: "Never invest in stocks more than you can afford to lose". It was from a time when individual investors bought individual stocks, which individually are highly risky and speculative.The original saying was, “never invest money that you can’t afford to lose.”That doesn't tell the story. Repos are collateralized. Some are collateralized with t-bills, some with other assets. For the purposes of credit quality determination in a MMF, the credit quality of the repo is the credit quality of the collateral.For example, SPAXX contains about 20 percent repos. I had no idea.
Statistics: Posted by AnnetteLouisan — Sat Aug 10, 2024 2:57 pm — Replies 10 — Views 1590