Reduce exposure to equities in favor of what? I’m out of equities, but am unsure where to turn. Gold? So far, that little number has not done me much good.
I went to cash last December and have added a little Silver to my portfolio as a hedge against inflation (which is currently in the 12 - 15% range instead of the number that they lie about).
“Reduce exposure to equities in favor of what? I’m out of equities, but am unsure where to turn. Gold? So far, that little number has not done me much good.”
You can’t eat gold. Better to buy in to lead, smokless power, and guns. Canned foods and dry goods. These things will increase a 100 fold in the coming years.
It’s hard to figure out what is a “safe investment”, when you find out that the money market funds used for the solid cash portion of every portfolio were on the verge of being bankrupted.
I’ve been joking about having a couple of thousand dollars in cash just in case, but apparently on Wednesday there was a real chance that every credit card in America might have stopped working.
but don't worry...I'm sure the FED will bail out any small investor loses like they do the big banks that caused the problem... (sarc/off)