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Should you buy California bonds

October 14th, 2008 · 4 Comments

Several of my colleagues at work have parked their savings in Money Market funds and bank CDs. This morning, we heard from NPR that California Governor Arnold Schwarzenegger was urging consumers to purchase California bonds. They even set up a web site to sell California bonds. As part of our water cooler discussion, we wondered whether we should purchase some California bond.

Here are my thoughts about California bond and the State of California:

Also, it’s a little bit desperate move by Arnold to pitch consumers — if the institutional money is not going to California bond, why should we consumers take the risk?

My conclusion is that I will not be investing in California bond. Would you buy California bond?

Tags: Beat Recession

4 responses so far ↓

  • 1 Ln52A650 Lcd // Dec 21, 2008 at 6:03 pm

    Ln52A650 Lcd…

    Ln52A650 Lcd…

  • 2 BikerBil // Mar 24, 2009 at 11:20 pm

    No….I would not buy…similar to your friends, I'm grateful to have what I have parked in dollar for dollar accounts.

    I've not an MBA, but hopefully a modicum of common sense. Good money towards bad….blood from a turnip….sums it up for me

    BikerBil

  • 3 BikerBil // Mar 25, 2009 at 3:20 am

    No….I would not buy…similar to your friends, I'm grateful to have what I have parked in dollar for dollar accounts.

    I've not an MBA, but hopefully a modicum of common sense. Good money towards bad….blood from a turnip….sums it up for me

    BikerBil

  • 4 Patrick Hake // Oct 18, 2010 at 5:29 pm

    Interesting post. I appreciate the views and it has definitely influenced my decision. A lot of us are still going through some rough times and I'm sure a lot of people really appreciate your insight.

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