A former Goldman Sachs guy I follow told older people to get out of everything
Will Meade
@realwillmeade
· Mar 2
Lastly told all family and friends who are retired or over 65 to go to 100% cash last week. Selling everything from equity funds to bond funds.
Sure. So they can scoop up their equities at a bargain and ride them back up later on. Lot of elderly folks will fall for it.
Silver is down almost half a buck.
Time to buy more.
L
Smart money now out while plunge protection last week let them yank it faster without it being so obvious.
We’re 70 and 75 ... two weeks ago we switched all but 10% of our IRA funds out of the index funds we were in. We’re way too old to speculate on anything now; we don’t have much in the IRA anyway, no sense in losing it. We were able to put the funds into a guaranteed 4.5% interest fund that we opened back in 1970-something. That’s an amazing rate at this point, so we’re happy.