Moving Money Out Of Stocks (1-16-2018)

[IVE GOTTA PACKAGE 4U]

gold coins

Not a good investment

 

[KOG72]

You should have at least two years in cash equivalents if you are retired.

I was listening to a radio show and they was talking about keeping 10 years in cash and leave everything else I stocks.

The thinking was you wouldn't sell your stocks at the wrong time, especially in a downturn.

Limbaugh???

 

[Brownslave688]

You should have at least two years in cash equivalents if you are retired.

I was listening to a radio show and they was talking about keeping 10 years in cash and leave everything else I stocks.

The thinking was you wouldn't sell your stocks at the wrong time, especially in a downturn.

Yeah and a lost decade is about as long as we've ever had.

 

[IVE GOTTA PACKAGE 4U]

Limbaugh???

No. Lol
Ray Lucia

 

[IVE GOTTA PACKAGE 4U]

Yeah and a lost decade is about as long as we've ever had.

Definitely something to think about. Guess it depends on what the market does when you first retire

 

[Jkloc420]

Not a good investment

when the fed crashes, gold will be what people want

 

[Brownslave688]

when the fed crashes, gold will be what people want

If the fed crashes crypto is what everyone will want

 

[IVE GOTTA PACKAGE 4U]

when the fed crashes, gold will be what people want

In the short term. As an individual investor it's very hard to make money with the buy and sell spreads. Personally my opinion is stay out of debt and keep a little cash on hand.

 

[Jkloc420]

If the fed crashes crypto is what everyone will want

no

 

[Jkloc420]

In the short term. As an individual investor it's very hard to make money with the buy and sell spreads. Personally my opinion is stay out of debt and keep a little cash on hand.

gold is always in and desirable

 

[Jkloc420]

If the fed crashes crypto is what everyone will want

once that stuff gets regulated it is over for it

 

[IVE GOTTA PACKAGE 4U]

gold is always in and desirable

Bit over the long term, it's not a good investment

 

[Jkloc420]

Bit over the long term, it's not a good investment

it is, i disagree with you

 

[TearsInRain]

i’m not saying that this is a bad time to move away from stocks a bit, but seriously making financial decisions based on Presidential politics is completely stupid

 

[Brownslave688]

once that stuff gets regulated it is over for it

Large companies are already using the technology it's not going anywhere. Hell ups plans on using blockchain technology in the near future.

Gold is an ok store of value it's terrible as a currency. If the fed falls apart people will need a currency. The only real answer to the problem at this point is crypto.

 

[IVE GOTTA PACKAGE 4U]

it is, i disagree with you

An ounce of gold will always buy you a nice suit. Buy a gold coin 100 years ago or put the same money on the market. Which one is worth more?

 

[Jkloc420]

Large companies are already using the technology it's not going anywhere. Hell ups plans on using blockchain technology in the near future.

Gold is an ok store of value it's terrible as a currency. If the fed falls apart people will need a currency. The only real answer to the problem at this point is crypto.

what happens if computers fail

 

[TearsInRain]

You should have at least two years in cash equivalents if you are retired.

I was listening to a radio show and they was talking about keeping 10 years in cash and leave everything else I stocks.

The thinking was you wouldn't sell your stocks at the wrong time, especially in a downturn.

10 years in cash is a load of money

1 year is far more reasonable, maybe up to 5 as you get close to retirement

 

[Jkloc420]

An ounce of gold will always buy you a nice suit. Buy a gold coin 100 years ago or put the same money on the market. Which one is worth more?

im talking about gold in general, dont have to be gold coins

 

[IVE GOTTA PACKAGE 4U]

10 years in cash is a load of money

1 year is far more reasonable, maybe up to 5 as you get close to retirement

I'm just repeating what I heard. Personally I would be more comfortable with 2-3 years if cash.