Are you just getting scared, or are you getting prepared?
I swerved past scared after election day, like many around here.
Not sure how well I’m doing, but here’s what I’ve done:
Been buying and continue buying gold and silver to preserve the value of my savings. This is the meager profits from the sale of my home in 2006. I never re-invested in the housing market, as prices were going up too fast for me.
Because I’m in what is essentially, a far flung suburb of Las Vegas, I’m waiting until the holidays are over and then I prepare to move to Fort Worth, TX. I was laid off the end of January and Las Vegas (and the surrounding areas) will take at least 5 years to recover. I’m not staying around here to wait. Utah law allows me to continue to receive my unemployment, even if I move out of state.
My plan is to move to TX (where there are jobs), set up shop temporarily, finding a job and then a house. I will be able to purchase a modest home and pay cash for it, and be mortgage free.