10/3 House passes bailout by significant margin. Guys, THINK about your
long-term equity investments. You'll have PLENTY of people to blame
in the near future, but where will your money have gone? Please
consider the advice of a professional financial advisor, too, but
in the end, it's YOUR MONEY.
Practical advice: If you're not sure, move part into safety.
\_ Coherence isn't your strong point is it?
\_ WHAT is your problem dude?
\_ At 3% CD rates, subtracting taxes and inflation, you are losing
about 2%/yr with your cash position. This is a guaranteed way
to end up poor in your old age. Is that what you want? I have
gone from 0->$1M in 10 years, how have you done?
\_ Past performance is not a predictor of future results. The
specific reasons why have been what all my posts for the last
two months have been about.
I won't argue with you if you are confident in what you're doing.
Good luck. I sincerely hope you do well in your investments.
\_ Good luck to you, too. I think you should spend some more
time thinking about how to hedge against what imho is the
inevitable dollar devaluation to come. Sitting in Treasuries
is not going to cut it.
\_ thanks. fyi, that's exactly what I'm working on.
\_ I am buying lots of TIPS and have for a while now. If
the dollar falls then inflation should rise.
\_ This is not a bad call, but I assume you know about the
"upfront tax" costs of a TIP. This is not an issue in
a IRA. |
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