desh | (no subject)

Leave it alone: what goes up, must come down and vice versa. E-mail me and I'll tell you something I don't want to post here. ;) You're not retiring in the next two years, are you? :)

Oh, yeah, I know to leave it alone. But thank goodness I do, because otherwise the temptation is pretty extreme...

Cash it in and go to a casino!!! :)

Well, you're not retiring right now, unless you're older than I recall, in which case I want your moisturiser brand.

If you were retiring right now, I'd say split your money between multiple US banks, Irish banks, British banks and German banks, because they're all Government insured up to a certain amount, and splitting your risk between countries is a good thing.

If you were looking to make money at medium risk, there's a Gartmore China opportunities fund that has been very good for us in the last year.

I was going to say "You forgot yen!" but there's a recession already in progress here so that's not necessarily a good idea.

Belated l'Shanah Tovah, by the way. :)

You need a new option - into Euro, then First National Underthemattress. That's where the wise money's going.

Mix it up. You oughta be a bit more stock heavy at your age, but, if you have access to a TIAA-CREF annuity, put a little in there just in case.

Avoid sector funds, though. I had erratic experiences with the two I owned. Just make sure your mutual fund invests in companies that make real products. I periodically review the holdings on my fund and look up some of them. If too many set off my bullshit detector, then I dump the fund.

I have a respectable bond portfolio right now and getting it when I did was the right choice, but I hesitate to think what they're actually worth right now. I'd put bond money into cash right now until the debt market settles out. Bonds should become part of your portfolio once you hit thirty eight or so. That's when having some guaranteed interest coming into your accounts is a good idea. As you get older, you'll need to increase that share. At least that's the conventional wisdom. These days? Hellifiknow.

Stay away from Gold and Silver investments. Those tank fast once any crisis is over. Investing in them long term is not such a bad idea, but you need to understand those markets. Nor would I put money into money. You need to be as smart a George Soros to avoid losing your shirt there.

I'd invest in security doors, ballistic clothing, firearms and freeze dried foodstuffs.

And tin futures! Definitely those. There's a major uptick in the consumption of tinfoil hats.

Voted how I did based on what

hyounpark did last week, but I don't pretend to know a lot about this stuff. *G*

My grandfather is a spazz who's been hiding gold among his millions of books for some time now. But I think that's something to do when the currency is up as insurance against it's going down, not the other way around. On the other hand, carving up books you have duplicates of is fun...