Posted on 08/06/2009 9:32:49 AM PDT by Oshkalaboomboom
I have a 401k in a Vanguard stock fund that I would really like to get out of. I rode it up over 12,000, rode it down all year and now I'd like to cut my losses before it takes another dump. What other Vanguard funds are safer, or even a money market? I can't just cash it in or the government would slaughter me at tax time. What's a safe haven to ride the coming depression out?
Read “The Great Depression Ahead” and watch Harry Dent- I’m following his advice though I did bail out of stocks already
If he is right, the worst is ahead by end of year, into 2011
http://www.youtube.com/watch?v=YYVrjV9-iSA&feature=related
Get into a self-directed account where you can quickly reallocate into money market/high quality bonds to ride out crash and troughs. NO Buy-and-hold unless you have 20 years to recover
And get out of debt as fast as you can
Put 50 percent into a SCRWU and the other half in a 402FU.
bttt
I’ll put mine in my wallet. It should fit.
And one of these days when I save up some more, I’m gonna buy me a shiney new buckle.
Safest: Bank CD.
Really Safe: Vanguard Money Market Fund.
Darned Safe: Vanguard Inflation Protected Securities
Pretty Safe: Vanguard Short Term Bond Fund.
Somewhat Safe: Vanguard Intermediate Bond Fund
A Little Risky: Vanguard Wellington (a managed balanced fund)
Moderately Risky: Vanguard Total Stock Market Index
You sound like you don’t want to go anywhere past Moderately Risky. You may wish to spread your money around the funds above. Diversification remains key over longer (5+) periods of time.
In the long run (10+ years) I think that inflation is a key risk, and stocks are a key way to beat inflation. So, you don’t want to completely avoid them.
Gold helps beat inflation, but has just about no other useful value, so you don’t want to overload on Gold. I own just a smidgen of the Vanguard Precious Metals and Mining, which owns companies, not the metals.
Summary: Spread money among the funds above. You’ll lose a little in a really bad downturn, but you have lots of protection against lots of bad outcomes. You’ll never get rich on that mix. You’ll never lose your shorts.
Vanguard doesn’t have gold investments, plus it doesn’t deal well in an environment that isn’t stable for buy and hold investors (like now). I would recommend using another broker for your 401k.
Send all your money to me.
Honestly? I would look into the mortuary business. 0bamacare will be creating LOTs of new “customers.”
I’m going to invest in metals - coffee cans, lots to them, fill them with money and bury them in the back yard.
My brother and I will retire in about 16 years. He's always been a big proponent of 401Ks, and generally knows what he's talking about. I question his advice about one thing though: Says to put most of my current contributions into stocks now while the prices are cheap, then back off and diversify future contributions when the market is up.
Is this a reasonable plan? I do have a good mix from past contributions, and I didn't start saving until I was 40, so I need to be aggressive.
Risk and return go together.
How much do you want to earn? How much can you afford to lose?
If this were easy, everyone would be rich.
16 years is a good spell of time with which to work.
I believe buying stocks with half of your 401(k) contributions and the other half in bonds is prudent.
If you can do that with your plan, that might be a good thing to look into.
Naturally, you should consult an adviser before making any changes. It’s important for you to understand what you’re doing, and why you’re doing it.
Good luck to you, and don’t worry - think instead. It’s more profitable!
A better question is, “why are you asking for specific financial advice from an online forum where you don’t know the people giving advice.”
Seriously, talk to a couple of financial advisors.
Seriously, talk to a couple of financial advisors.
BUMP!
Invest in canned goods ,small arms ammo ,small arms , meat packing/butcher equipment(meat hooks),metal products(piano wire).
If it's going down, shorting the ultralong would be better. The ultra ETFs have a terrible track record no matter ultrashort or ultralong. They don't actually short but use high cost derivatives and leverage.
Because I was interested in seeing where people are moving their money to. I feel I get a better perspective from folks who are playing with their own assets than from advisors who get a commission off of somebody else's money and they get the commission whether or not their advice goes sour. I was also wanting to hear from people with different Vanguard funds. They are low cost and low fee so more of your money works for you and not them. I expect a certain percentage of wiseacres and silly comments but there will be a few nuggets of genuine wisdom, hopefully something I can use when I talk to the mutual fund people.
Gun’s are a safe haven.
In addition to precious metals, I would also recommend that you should buy land that can grow food and support some animals...
James 5:3
Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days.
James 5:2-4 (in Context) James 5 (Whole Chapter)
Revelation 18:18-20 (New International Version)
“Every sea captain, and all who travel by ship, the sailors, and all who earn their living from the sea, will stand far off. 18When they see the smoke of her burning, they will exclaim, ‘Was there ever a city like this great city?’ 19They will throw dust on their heads, and with weeping and mourning cry out:
“ ‘Woe! Woe, O great city,
where all who had ships on the sea
became rich through her wealth!
In one hour she has been brought to ruin!
20Rejoice over her, O heaven!
Rejoice, saints and apostles and prophets!
God has judged her for the way she treated you.’ “
I am going the food, ammo, and gun investment.
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