Where will your money be when the US Crashes due to overwhelming Debt.

[freedumb2003]

>>I’m in most everything. Diversified they call it.<<

I was checking my also diversified portfolio. It looks like I am about 50% diversified stocks and some bonds across sectors, 40% Fixed Income (which is GREAT these days) and 10% Cash.

My paper losses have been as much as $190K but now is down to $25K without me doing anything.

I am pretty OK with where we are and would be OK even if I was retired (which I could but not yet).

[Kickass Conservative]

Yep, Trillion. This sheltering in place or whatever they call this self imposed imprisonment must be getting to me.

On top of that I have exhausted my Supply of Mallomars and they are out of stock on Amazon.

I can’t take it anymore.

[Lurkinanloomin]

Land, water, animals, guns, ammo.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Correct.

[M Kehoe]

Hi.

Gold, firearms and food.

BLOAT.

5.56mm

[LittleBillyInfidel]

I pay 10% per annum on any loans for my residential rehabs. They are secured in lien position on the properties, themselves. July might be a good time to find an investor like me, who has a good track record and who also uses a third party title company. Money compounds pretty dang fast if you can keep it revolving from flip to flip!

[freedumb2003]

>>PS you wont get good financial advise here just OPIN<<

Of COURSE he/she will get good advice here. It is just that it will be 100% contradictory and occupy 360 degrees of mutually exclusive investment possibilities.

[Jim Noble]

The US debt is out of control and with these corona virus mega spending bills there is no way that the US will ever come out of debt

There was also no way the US would ever come out of debt before anybody ever heard of coronavirus.

Debt is our money. Except, unlike real money, you get the medium of exchange but someone else gets the store of value.

It cannot go on. Just plan as best you can.

[beethovenfan]

The only treasure that counts is treasure in Heaven. The Bible refers to worldly wealth as “uncertain riches”. Never was that more true that right now.

[Lockbox]

I would think that before that the government would want a list of all your assets so they could seize “illegal” assets.

[hawkaw]

They will just print more 💰

[Leaning Right]

> National Debt meets rising Interest Rates. <

I read an article recently (I can’t remember where...who knows, maybe I dreamt it) where the author argued that the Feds simply won’t raise interest rates ever again.

That would be for the reason you stated. It would make the Federal debt impossible to pay back. So by keeping rates low, the can get kicked down the road a bit further.

[dfwgator]

22 years too late.

[outofsalt]

Well then, boats and broads.

[umgud]

Back in the 70’s, I used inflated dollars to pay off my debts. In you scenario, I may be able to do that again (somewhat). About 10 years ago, my grandson and started buying silver....still are, spot today $15.60/oz.

[Bell Bouy II]

Yea Right,there are plenty of very financial savvy peeps at M* and other message boards.
Any one that makes a financial decision from info gained here is a fool.

Good luck

[mass55th]

"We are still living in the wealthiest society in human history and it will only improve."

Until a Democrat gets into the White House again.

[yetidog]

“now would be a good time to invest in mental health businesses (Are there any on the stock exchange?)- they are likely seeing a steep increase in patients

Just a thought”

Non-profits and government entities generally provide mental health services unless some kind of addiction/behavioral center that cater to wealthy clients.

[truthkeeper]

I cashed out of 401k and IRA after 2008 crash. never again.

Same, although I didn't have a huge amount. I didn't have the stomach for the "just hold" strategy, so I remodeled my house and built an addition. I was always more comfortable with real estate.

[CapnJack]

In a scenario that you describe where the Markets go to zero and all the banks are closed ... then investments will not matter ... they too will go to zero, all of them.
The only thing of value will be possessions.

So ... think about what you need to live.

There will be no job to go to, there will be no bail out, no “America” to save us since we are the country of last resort it seems.

Best thing to do NOW is to purchase property down south (not 1/4 or 1/8 acre vacation lots) where you will not freeze to death over the winter and learn how to grow your own food and care for some animals. And invest NOW in the usual firearms/ammo/reserve food.

[PLMerite]

"New cars used to cost $600."

And this is what you got: :)