Posted on 10/28/2021 6:03:12 AM PDT by maggief
Yup - about 40% RE, 40% stocks, 10% bonds, 5% cash, 5% gold/silver/crypto
Including inflation, real GDP probably contracted by 7%.
Uh huh! Read some of the financial websites and they’re trying their damnedest to put a positive spin on the economy and earnings season.
How bout that Ford Motor co.? For months and months Ford dealerships have no pickup trucks on the lot and scant inventory of other makes/models...yet they blew out their earnings?
Yea...ok. Sounds like someones juggling the books.
I’m 66 and have a million.
Not for long, at that rate. If you are using a Financial Advisor, get a new one.
Put a percentage you feel comfortable with into gold and silver. The goal this late in the game is preservation of wealth, not the accumulation.
Some in Gold/silver is good, but I’d prefer real estate to those two - RE generates income and appreciates - and with reasonable use of leverage - is far better in an inflationary environment. Also, plenty of stocks not that tied to inflation that I think are probably better investments if not the market as a whole. But 5% of your NW in Gold/silver probably not a bad idea.
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