I’m not a financial expert, so I wouldn’t want to advise you. I will tell you what my thoughts would be. You can take it from there.
I myself might put some of it in precious metals (perhaps some mutual funds with mining stocks), but I would only do that for a small percentage of the funds.
Metals go up, but they can crash in short order too. You’ll only hear about the folks who made money, and will seldom hear of anyone who lost their posterior with them.
The problem with holding on to cash is that it becomes worth less over time. So if you park your funds in a safe account, you may keep the same amount of dollars, but lose lots of value over time.
A few years back, you could buy silver for $12.00 per ounce. Today it’s $32.00 plus. That’s an indication that in a real sense, your dollar is worth that much less.
IMO, if Romney had been elected, the price of silver would have dropped significantly. That’s just my opinion though. Some folks may disagree, and in fact probably do.
My thinking is that he would have done things that would have increased the strength of the dollar. When that is done, the value of things compared to the dollar decline.
Bonds can be good.
Frankly, just about every investment tool has taken a hit over the last five years.
Study stocks, and try to select funds that do well in bad economic times. Some TSAs allow you to pick from a variety of funds.
These are just some hints. As I said before, I’m not a professional or an expert by any means.
When talking to a professional, these can give you some good questions to ask. And I’d like to add, get plenty of advice, and from a number of professionals. Just because someone is a professional, it doesn’t mean they’re good. Form a consensus from their opinions.
Plenty of people have lost money listening to professionals and doing what they say to do. Be careful. Don’t be bashful about asking questions, or disagreeing if you feel inclined to do so. It’s your money to lose.
Almost everyone agrees, you must diversify. Do not put all your funds in one investment package.
If one investment tool fails, you’ll still have the majority of your funds left, if you diversify properly.
Okay, a lot of hot air there. Hope it helps a little.
I sold all my holdings 11/7 am, before crash.
I never met a brocker who earned his commission. The WSJ used to run a column called “The Dart Board”. It compared the top five brokers with the results from the auther throwing 5 darts at the stock listing. The DB won many times and was always 2nd or 3rd as compared to the Borkers picks.
“The problem with holding on to cash is that it becomes worth less over time. So if you park your funds in a safe account, you may keep the same amount of dollars, but lose lots of value over time.
A few years back, you could buy silver for $12.00 per ounce. Today it’s $32.00 plus. That’s an indication that in a real sense, your dollar is worth that much less.”
How about “junk silver”?
That is, old silver dollars, halves, quarters, dimes (back from when coins were 90% silver)?
A friend has recommended this to me as better than gold, because if the paper currency collapses, junk silver coins will be easily redeemable for paper cash, or “barter-able” for goods and services….