I was sold this perfectly 'safe' money fund by a TD Ameritrade representative and have not seen a penny of my hard earned money. I'm a senior and don't have that many years left. A 3% loss, I'll feel great if I don't lose half or a third or all of my money! Somebody help us!
Peter Wuof OR1:01PM November 26, 2008
RYPQX shareholdrs are, at the hands of The Reserve, The SEC, and TDAmeritrade dying a slow death! We need help and answers ASAP!
of 3:56PM November 21, 2008
Bruce Bent & the Board of Trustees have no right to hold 54% CASH in HAND available for distribution. Esp. after the first distribution which resolved the RECON issue what excuses does the RESERVE have at the current time to hold those CASH Fund even for an extra day? The RESERVE even if it has to distribute $ 50 each week to its Share Holders then so be it. We are sick and tired of this waiting game and the RESERVE Management paying off there Salary Off of us incld Admin Cost. They are doing this with our Hard Earned Money and at the cost of our Opportunity Cost.
Maverick Mof CA10:34AM November 21, 2008
..and they did not live happily ever after..
Thank you for the information that Treasury
isn't planning a bailout for the RYPQX fund
investors. Neither is Reserve Management or
TD Ameritrade (they brokered over 98% of this
fund).
Phil / Ponce Inlet FLof FL10:08AM November 21, 2008
U.S. News Money takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties.
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Peter Wu of OR 1:01PM November 26, 2008
of 3:56PM November 21, 2008
Maverick M of CA 10:34AM November 21, 2008
Phil / Ponce Inlet FL of FL 10:08AM November 21, 2008