Quote:
Originally Posted by zooracer
I definitely do not plan to dump everything and buy only gold/silver.
I'm looking at investments that are not merely a hedge against a bad economy. I'm looking at investments that are a hedge against a failed dollar.
I am now researching currency on FOREX, as I really think asian currency is the future. So I may have some of my money there.
I simply plan to have some of my money in foreign currency and global investments. Also plan to have some gold and silver on hand for emergencies.
Market downturns are natural and should be allowed to happen. When the govt. gets involved you get something much worse. I simply do not trust our govt. or the feds to do the correct thing.
I have plenty of money in the market, and have left it there. I'm not a buy and sell kind of guy. I know that, over time, the market ALWAYS goes up. Never sell during a hiccup out of panic.
And, I'm not IN a panic here. I do recognize the signs I'm seeing and I would like to have a certain level of preparation.
I really do appreciate all the info guys. Just dont want to be misunderstood.
The reading I've done on here HAS helped put my nerves to rest a little.
I do think we will see a decent increase in unemployment pretty soon.
|
Sorry if I misunderstood your original post. You did mention such things as "extreme measures", "cashing out my IRAs...taking the tax hit", and being "seriously freaked out." I read that as panic. Again, sorry if I misunderstood. Just trying to point out that extreme measures almost always lose you money in the marketplace. You're better off with a solid diversified plan and sticking to it in any market.