12.4 C
New York
Tuesday, November 5, 2024

Check Out the Hottest Investment Product in the United States

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Have you heard about the hot new “thang”?  Yep… it’s selling like bonkers among the newly cautious American investor.

They call it the “savings and/or checking account”.  Gonna go out and find me one – sounds enticing.

Via CNBC:

  • Investors 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.”

Oh Charles, you do make my heart flutter when you talk in such terms about Helicopter Ben.


Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,522FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x