Are GICs contained by 401k's at Risk Because of MBIA's Credit Downgrade and Bank/Mortgage Problems?
Many 401k funds offer GICs (guaranteed investment contracts).Are these probable to be at risk or affected because of the current problems bank are having beside sub-prime mortgages?
Answers: Most likely "no." The word "guaranteed" is a bit of a misnomer because the GIC is back by an insurance company (most times) and their enormous assets. When they place an interest rate on their GIC, they do it near full knowledge of their assets and liability and the fluctuating interest rates and how that impacts their assets. (hey, these guys aren't remunerated 6 figures for zilch.)
Two things you can do - look up the historical default rate on GICs (which will be extraordinarily low, if it even is greater than 0), and see which carrier sold the GIC to your 401k. I deem that either answer will be calming.
This article from NY Times 1990 stated that "no participant has ever lost a dime" but you probably want more recent research :)
http://query.nytimes.com/gst/fullpage.ht...
Please,i would like to buy gold on the stock market but how and what? can someone direct me?
Answers: The easiest way to buy gold is to purchase the ETF which holds gold bullion, symbol GLD. Of course, gold miners also typically benefit when gold prices increase, but GLD is a pure-play. This can be done through any standard brokerage account. I hope this helped.
Best of luck!
Brendan Prewitt
President, New York Capital Investment Group LLC
Hey contained by that virtual investing winter sport Moneybhai?
what is a corpus? what are lakhs? and whats it mean wen it say rs 25 lakhs? thx alot 10 points for best answer.Answers: Money Bhai Investor is a Virtual Game in which they supply you "Virtual" Rs 25 Lakhs to Play (Rs is an indian currency, and money bhai is a indian website. Its equivalent to 2.5 million).
It's a game designed for those who are new to share flea market, or for those people who want to see their worth contained by share market but not investing concrete money but virtual money.
There is no charge to play the game, but they do enjoy a monthly winner.
I am not sure nearly corpus, but RS is Pakistani/ Indian currency. It means Rupees... In Urdu/ Hindi Lakh system 100,000...
RS 25 Lakhs means 2.5 million Rupees...
I hope this help...
this one is better
hsx.com