Posted on 11/04/2020 10:50:29 AM PST by Justa
What kind of Professional are you?
As soon as I hit pre covid levels, I went to cash, the only safe enough harbor for me. I sincerely believe the market will tank again at some point in this process. The violent insurrection when Trump is adjudicated re-elected being the most probable. As the insurrection begins to subside, I’m back in. If Biden steals it who knows, gold or Chinese investments. There were Freepers smart enough, not me, to see the coming China Plague crash who made out like bandits doing similar. Regardless, at minimum I’ll at least end 2020 where I started it.
People make statements here and everywhere...that aren’t the truth.
I think you are smart to use ETFs. I love 'em.
But I would suggest staying out of bond funds and just riding out the storms. Your tech ETF will perform nicely over the long haul.
I have friends who hedge against downturns because they worry. I always suggest that they consider the price they pay in terms of return for such hedging. When they calculate it, they are almost always stunned.
A nicely balanced tech or NASDAQ fund with low expenses is going to out-perform the market (Dow and S&P) nicely through all ups and downs.
“There were Freepers smart enough, not me, to see the coming China Plague crash who made out like bandits”
Tell me about it! I caught that plague at the end of Jan. and was in the hospital until Feb 8th. Had a quad bypass and was still hurting at the end of Feb. I saw it coming too and asked myself “am I well enough and clear headed enough to make investment decisions now? I decided I was not and didn’t.
Should have waited until Jan 20. There may be some uncertainty at this time, but as the MSM supports Biden, each day Wall Street will go along with it and keep reporting good news to support Biden.
On Jan 21, all bets are off.
I hate to think of all the damage they can do with executive orders. Open borders, defund the military, citizenship for everybody......the list is endless.
Waiting until the new year and then we will see.
Why would you do such a thing if you were not sure in the first place? That’s just retarded financial planning.
I like OneGold because I can invest in physical silver and gold weekly in any amount and they store it for me.
If rates rise anytime in the next 10-20 years, we are all in trouble. We must always remember that we owe so much money now and more in the future that we cannot pay any reasonable bond rate in the near future. Having a $4 trillion budget with $2 trillion in interest is not doable. If the FED let the interest rates float naturally, we would have died back in Obama years. A retired person trying to make safe income is just doomed. They will continue to look to high dividends until the companies go broke. ATT, MO, XOM, and others will keep trying to pay until they cut their dividends and when they cut their dividends, they will sell off the stock and retirees will go broke.
I saw the same think when the Soviet Union broke up. Retirees were left thrown out of their apartments begging for food on the corners.
I'm interested in what bitcoin will do in a world wide crash. The only safe money are the metals.
Maybe if we beg just right, Chairman Xi will throw us a bone when they take over.
You can place it in a small safety deposit box, unless you have a LOT of gold :-)
Silver you need to rent a vault...usually avail in larger banks.
Bank safe deposit boxes do get robbed once in a blue moon, and there is no easy way to recover losses or prove you had X number of gold coins there. But thanks for the suggestion.
WOW you caught it in January? That was soooo early. Wife and I merrily boarded a Carnival cruise ship near end of February not knowing much about the plague. Luckily we did not get seriously sick.
Caught it 12 days after returning from a Carnival cruise to Cozumel with my daughter. It came in with influenza-A and pneumonia. I had a heart attack on the 2nd day in the hospital -in the hospital bed. Not fun. The Covid ‘Long-Tail’ (recurring bouts of fatigue and delirium) is with me to this day. But I’ve been through worse so I count my blessings and consider myself fortunate.
I left my 401k right where it was and it's up significantly since then. Still, I think it would have been up even more if Trump was not cheated out of his victory.
Plastics!
Yeah, it is scary unbelievable. Some of my stock funds went up 40% last year. But I did the same thing a month ago, got rid of all my stock funds and put them into bonds and 3% guaranteed annuities. I’m 68 years old and don’t want to take anymore roller coaster rides.
Oh, I moved them back to stock funds as soon as the 30 days were up. With the money supply expanding at the rate it has been stocks are one of the best ways to preserve savings imo. Pullbacks so far are short-lived.
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