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[Pen-l] RE: seeking financial advice



I think basically the only thing to do now is to park $$ in any kind of FDIC account, forget any kind of interest and just hold tight till things settle down -- in a year or two at best.

I'm mostly doing that, but I also have some $$ with Smith Barney, in a Commodities/Futures account involving currency, some Nowegian Kroener and some Swiss Francs. All in all, I'd like to keep it there because I think the dollar has a ways to go down.

Question is, how safe is it? Citi (who owns Smith Barney) might dissolve, but right now Smith Barney is actually profitable????

Advice? I could turn the acct into $$ and park that in a CD. Otherwise, is there a safer institution I could transfer the Kroener/Swiss Francs to?

Too fancy for my own good.....

Joanna
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