Posted on 06/24/2009 4:25:32 AM PDT by Kaslin
This sounds like the same advice one would receive before the crash. I don’t know that I trust it one bit.
Yeah, the same equivocating and qualified answers they've been putting out for years.
“In Today’s Market, Where Do You Put Your Cash?”
Bullets and seeds...maybe a chicken and a cow.
In Today's Market, Where Do You Put Your Cash?buy guns and ammunition
If I were under forty-five I would be buying solid, consumer oriented, dividend paying stocks like Coke and Kraft with some gold as a hedge against inflation.
It has just been proven that paper is an extremely risky investment. I lost about 50% last year, and I see no way to come close to making it up before retirement. Governments give and governments take away, and their actions, especially last year, led to the huge losses. They’re now planning a period of inflation, so that would continue making this a horrible time to invest in paper.
I’d look for something real that has lasting or intrinsic value. If I couldn’t handle the idea of precious metals, and if real estate were still inflated, I’d seriously consider investing in my own ability to raise money.
The best eternal investment is Christ, but the best financial investment right now is not paper.
I wouldn’t invest in anything right now, except for ammo.
A better question might have been: "Where do you put your cash in an age when the Federal government is nationalizing industries, printing trillions of unsecured dollars, de-funding our national defense, and raising taxes on producers while promoting mass dependency?"
The answer to which might be: Canned non-perishable food, bottled water, storable fuels, paper products, warm clothing, guns, and ammunition.
>>They’re now planning a period of inflation, so that would continue making this a horrible time to invest in paper.
If you believe that, then equity ownership in commodity producers would make for excellent investments.
IMO, in the present environment, one should pay off all debts as quickly as possible.
As the market continues on its downward slide none have the guts to be truthful. As long as they get their cut for putting you in losers they continue their spiel.
ping
Yeah, the same equivocating and qualified answers they've been putting out for years.
And this is the same answer so many chose to ignore
And this is the same answer so many avoided doing
My only complaint with this answer...monitor your investments annually. Not in this market, one needs to be looking at their investments and the information on those investments at least monthly. The market is far to volatile still.
After that the advice is still good, sound, and valuable. Part of me really doesn't feel sorry for the folks who invested in the markets etc. and then ignored their investments. I actually had a friend last October tell me they were trying not look at their investment losses!!
When the penalty for getting out is less than the loss?! Ultimately it is you, the investor, who has to make the call. You should not invest above your risk level and that includes taking the risk to get out of a bad investment too. I hear way too many people holding onto bad investments, because their too risk adverse to put it back into cash until they find something better. Instead the idiots chose to continue to lose their money because of some perceived penalty.
pay off any debt, (even car/house) to help lower your cash in the banks, but be sure you have enough for living expenses for 6-months/year.
consider bargain real estate.
Going to the mattresses. Oh, and ammunition.
One year ago I moved 100% of my 401K into the "Stable Market Fund" of my plan. That was about two weeks after they announced they were closing the company. I have made 2 to 3% since then while almost everyone I know lost 20 to 30 percent. I paid attention and it paid off. But, where do you go from here? I see no real future in the U.S. Not with this a-hole and his cronies in the WH.
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