So, please note the pattern:

[lordandrei]

Wamu takes a dive: that's NYSE:WM

Comments

[tzaddi_93]

I'm just glad that Wells Fargo is doing fine, since that's where my IRA lives. (It did my heart good to hear that their IRAs are still Triple-A rated and that they were in the running to buy out Wachovia.)

[fraterseraphino]

Your IRA is insured up to $600,000 under SPIC insurance, which functions the same as the FDIC, but for securities.

Assuming, of course, your IRA doesn't contain Wells Fargo stock.

[tzaddi_93]

My IRA is in a money market fund. I didn't have time to review the different mutual funds available when I did my rollover a few months ago, so I had them drop it in a money market until I was ready to make a decision. Turns out to be a lucky choice!

[fraterseraphino]

No kidding. I have a chunk of change I took out of some stock options that I dropped into a money market savings account getting 3.5%, and was about to drop it into a mutual fund--but then I got lazy and forgot to roll the money over.

*whew*!

[quetz]

Failure knows no alphabets. WaMu deserved to go down, and it did.

[ichae]

Just when you finally have the play book memorized, they go and change the locks on ya, every time!