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To: Hojczyk

I’m not a big stock owner, but do have some, outside my 401k. When the market bounces back from today’s nose dive, I’m out.

Screw it, time to hoard cash and hard assets.


8 posted on 11/07/2012 8:56:52 AM PST by brownsfan (It's over.)
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To: brownsfan
I’m not a big stock owner, but do have some, outside my 401k

Until he seizes the 401K's.

18 posted on 11/07/2012 9:17:52 AM PST by TheCipher (Suppose you were an idiot and suppose you were a member of Congress. But I repeat myself- Mark Twain)
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To: brownsfan
Screw it, time to hoard cash and hard assets.

Problem is, hyper-inflation is possibly coming and will wipe out your cash assets. I'm in the same bind. Whether to sell off stocks and bonds now and convert to cash and other assets that accumulate minimal interest offset by higher taxation and inflation, or to ride out the losses until better times. Last couple big downturns, I stayed in the market and rode it out and my assets grew. If I sold, I would have lost most of it. Converting to metals is a gamble (but better than holding lots of cash). Putting it in property is also a gamble. We're losing ground all around.

32 posted on 11/07/2012 1:36:09 PM PST by roadcat
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