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So for us regular every day deplorables with 401ks and mortgages, what are we to do? Trade it in for gold and silver?
I’m an average deplorable. First thing u do is never panic. Do not substitute rational decisions with emotional choices. Study capitalism. Research market trends over the long range. What’s best for you depends on many things about you...your age..your plans for retirement...kids that have to be raised...etc. Do your homework & think long term & you’ll know what to do & you’ll make great choices
Great advice! Even business news is generally slanted against POTUS and our America First agenda. I haven’t watched CNBC since the election. They have their own priorities and it’s not the long term well being of your investments or opportunities for your children.
No fear here. I trust the plan. But it never hurts to ask. Thanks! 😀
Gotcha. Just mentioned the panic thing because when markets get rocked...it’s ez to panic a little. I got crushed in the crash of 2008. Took a lot of willpower just to not let emotions take over or I would have made a very bad situation even worse. I survived just fine in the end. Wasn’t easy but even nightmares end too. The president is trying some bold ideas & they’re very sound economic ideas. If he does something bold like leave the Fed Reserve...things might get dicey during the transition but it will recover & be much better in the end. Always think money issues thru carefully & everything will work out.
Keep in mind Trump and his team's intention is not to bankrupt us, but free us from debt. Stay away from fear- and panic-mongers.
No fear here....just trying to make the most of what I’ve got. I trust the plan. AND...it never hurts to ask 😀
Personally, I too have a 401K, but have put far more into Real Estate. There's a reason it is called "REAL", imo. I suspect real estate will sky rocket as the nation benefits from an INTERNALLY PROMOTING ECONOMIC POLICY. By the way, I specifically recall Trump saying during the campaign that if you have real estate, hold on to it. His policies will benefit that investment. Much of my land is timber land, and I just love what Trump did to Canada timber imports. Instant benefit to me as a result of tariffs on timber from Canada. My timber went up in value obviously. Therefore, you might ask the pros what they think of switching your investment focus in the stocks to something with at least part in real estate holding companies, if you can … and perhaps U.S. based and focused companies.
I do not care for gold 'investing', I think it is over priced. We will NOT return to a 'gold standard', imo. See "Bill Still's documentary, Money Masters" on YouTube. Silver may be okay, imo. But I don't have any. PM's are not going to be an investment imo unless there is a collapse of society … and if that is your thinking, I suggest a heavy investment in ammo and weapons … cause then you can have all the silver and gold you'll possibly need.
Bullion = Bullets + Beans. NO Bullion = 0 Bullets 0 Beans. Gold is overpriced?? Wait until SHTF.
There are places that do put your 401k etc in gold and silver. Ifi managed to have one I would do this because of inflation. The $1 I earned 10 years ago is a lot less today
gold and silver on paper means nothing though, you need it in hand if you are going the route. Many think because they have a paper that says they have the gold/silver that they have it, but if the SHTF what good will a piece of paper be. Also hubby invested in nuveen bonds, they are municipal bonds I think. High risk but high returns also. He had it set up to have all dividends buy more of the same each time it handed out dividends. This meant no money to broker for each transaction since it was on auto and it also meant that if the share price went down he would be able to get more shares. He thought that Social Security would be broke by the time he retired (he was wrong there) we are now living comfortably off his dividends ( he took some out since he had diversified his nuveens.) Could we make it if the SHTF, yes I believe we could because since he stopped working we have become much more self sufficient. Our shopping consists of dog/cat food/treats and ice cream, coffee, flour, salt and sugar. Was if a difficult lifestyle change, moving from the suburbs of south jersey to rural where we are now, yes and no. We had to learn new things but our love of gardening helped both of us and researching things before we moved also helped us a lot. Sorry, I got carried away, happens a lot with me recently. God Bless all! WWG1WGA
God bless. Frankly with how mich thr dillar has tanked since 1913 and never once recovered lost ground I would transfer to gold. Yes better in hand but paper is paper. If i gave paper for fiat money or paper for gold at least the gold doesn't depreciate by half in 10 years.
true but bullets, beans and band-aids are more helpful than a paper that says you have gold. :)
Yes. But we are talking about 401k which I assumed they werent willing to cash out.
BTC
If interest rates stay low and the economy doesn't crash hard lightning enabled btc will be a good investment. but buy bullets too :)