I believe the next support test will down around 9,000. Because of that, I’m already 100% into bonds (TIPS).
“I believe the next support test will down around 9,000. Because of that, I’m already 100% into bonds (TIPS).”
I would advise you be careful about being 100% in bonds. US T-Bonds will be good until the Euro finishes its collapse because we are the world’s reserve currency. But after reality catches up w/Europe, we are next. The first failed bond auction is where the crash really begins. Could be 2 weeks or 10 years. I don’t know. Just be careful about having all your eggs in one basket.
My mom lost a lot of her retirement back in ‘08 and since then moved everything into gold and money markets.
Me? I’m stuffing my mattress.
“I believe the next support test will down around 9,000. Because of that, I’m already 100% into bonds (TIPS).”
I actually did the same thing a week ago today. Everybody I talked to about it thought I was crazy including the person who handles my account. I’d gone in a few weeks prior and was talked out of it but I wasn’t going to swayed this time around.
Our financial guy rebalanced us last week. Going very conservative.
I sold off a chunk of my stock holdings in April. I wish I could say I was being smart, but actually I was just plain lucky — I simply needed to re-allocate my assets to reflect a change in my investment objectives.