Sorry.
Couldn't resist.
Posted on 01/17/2021 12:03:33 PM PST by MrChips
I am not like a lot of my friends and acquaintances who worked for the government in some capacity and retired on big government pensions (with healthcare) on top of their Social Security. No, I worked all my life in the private sector, teaching in private schools and sometimes (to save money) in boarding schools. Other than the equity I have in my home, my entire retirement is in the stock market . . . in one IRA or another. I have worked hard and I have assiduously saved, investing wisely and somewhat conservatively, enjoying President Trump's transformation of the Dow from 17,000 when he was elected to nearly 31,000 today. But I am just now hitting retirement age and I am scared to death what the Biden idiots are going to do to the stock market. What do I do?
Sorry.
Couldn't resist.
Rural land.
Food
Medical supplies.
Too late for weapons and ammo.
L
Huckleberries are a seasonal fruit and you need year long returns to live off of. Perhaps a managed bond program would be more suitable. I wouldn’t lock into an annuity though in case hyperinflation takes off like an Elon Musk rocket.
Not too late. I have those. :-)
Market should be fine for a year or two. It will continue to climb as President Trump’s policies are still in place for awhile. Biden will be printing and giving out trillions so you almost have to stay in the market or get screwed by the devaluation of the dollar. Of course the big risk is rogue military actions throughout the world because despots will rightly understand Biden’s administration will be weak and unwilling to confront. But I’m no expert.
But you are right to start asking the questions and carefully watching.
The country is at a turning point and our reality is between gears. The worst thing you can do is made big decisions prematurely.
I have never understood bonds. I taught Latin and European history, not pre-Calculus. I get large dividend stocks, instead. But, I guess I am just wondering if I should sell off a bunch of stock and do something else with it, like maybe pay off my house.
They’re not going to be shy about going into Syria.
I love that!
I am expecting China to attack Taiwan on January 21st,
Gold and silver.
Weapons and ammo can still be purchased, but for a lot more money than used to be the case.
😅
I’m going to punt on telling someone how to run their finances. If there is a reputable finance manager near where you live, that might be a better starting point. I wish you luck.
You can't eat or drink gold and silver.
At noon Eastern Standard Time?
Streamline your portfolio. Look at each equity hard. Sell those that haven’t paid off. Use the proceeds to buy more of the ones that have. Do this once a month. Remember: A portfolio is like a garden, pick your weeds and water your flowers.
In a crisis cash is king.
60% Stock Index Funds
Weighted Smaller Cap (FB, TWTR, AZ, etc. pretty easily boycotted)
Weighted Value
+ Foreign Ex China (Freedom Fund)
20% cash like federally insured
avoid long term bonds which will get killed as interest rates rise
15% productive defensible dirt
House with good fields of fire
Fields with high nutrient content
Seeds
Fence
5% precious metals
Lead
Silver
6 months stock of food and meds.
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