What being in a "Cash-22" situation means?
ummm... do you mean catch 22?
absurd situation or its cause: a situation or predicament from which it is impossible to extricate yourself because of built-in illogical rules and regulations
Never heard of cash 22.
Yes probably. I just googled cash-22 and I couldn't get the point. Thanks.
It's also a good book/movie. At least it was a good movie when I originally saw it. ;)
When I read the OP's subject line I thought it was an imaginative way of stating the situation where you don't know where to put CASH! LOL There aren't a lot of good options right now. You can't even beat inflation with a CD or Treasury; the market is a continuing mess; and who wants to even mention real estate?
Use cash to purchase:
CD/GIC/bond - peanuts for income: below rate of inflation. After-tax (apart from tax-free muni, available only in U.S.) result is *way!* below inflation! Who wants to subsidize the borrower??
Mutual funds - recent heavy drops in price levels, continuing. Manager dines on some of it, annually. Anyone interested in shrinking dollars??
Stocks - pretty well the same game (but there's no fund manager to eat part of the value). Anyone interested in shrinking dollars?
Real estate - the foreclosure rate being what it is ... are prices about to stop dropping any time soon? To say nothing of developing anything resembling an advance!
Gold - purchase, assay, shipping, storage costs ... maybe insurance (if available) ... apply.
Provides no ongoing income.
When you sell ... shipping, assay, brokerage costs apply.
You'd better hope that there's a major advance in price in the meantime!
Take your choice!
All of the above said ... I generally prefer to own stuff myself, rather than lending my money to another entity ...
... which often produces a better return on it for themselves than I get!
P.S. Buy pigs! Each mom produces from eight to about a dozen ... maybe more ... per year.
Howja like them apples? (Pigs like apples, too - in fact, they'll eat darn near anything ... they say that farmers in the midwest used to run pigs and cattle together ... and feed the cattle!). Maybe just a rumour!
"rather than lending my money to another entity ...
... which often produces a better return on it for themselves than I get! "
I noticed in this mornings news that Bank of Montreal is lending Pilgrim's Pride Corp $365 million to help them through their Chapter 11 bankruptcy filing. At a good rate of return I'm sure.
Great idea, O.J. Pigs! A cow! Some chickens! Oh, foo, my suburb has already been through the 'pigs' debate with Mrs. Walgreen; no pigs allowed.
That " ... good ..." word that you used seems to me to be one of those four-letter kind.
Like in, ""= ... s/he makes 'good' money at her/his job ..." kind of "good", right?
Sort of like, " ... high ... ", maybe?
One thing for sure - if BMO makes it ... they ain't very likely to share much of it with me, a depositor.
I'm sure Pilgrims is very grateful for BOM's help - the little chickens get to keep eating and lots of people keep working.
I guess when a company goes into Bankruptcy Court, they take the cash at whatever interest rate they can get. But shame on that stingy old bank for not sharing with you.