Posted on 09/04/2021 9:42:28 PM PDT by SeekAndFind
It may prove prudent to put a small (10%) percentage of your wealth into gold and silver mining stocks. Get hold of some physical stuff as well (if you can't hold it in your hand, you don't own it.).
Weather report: 
This advice is worth what you paid for it.
I have a similar balanced fund with TRowe Price. 10 years ago I stoped playing with their other stock and bond and cash funds . Now I just ride it out and trust TRowe. I’ve had their funds for almost 60 years, long before retirement. I’m 84.
Boy, that just about says it all.
The last time that happened, Paul Volker raised interest. Mortgage loans went up to 25%. Construction and durable goods manufacturing went bust. All ancillary occupations also collapsed. Sales, for example. Stocks plummeted.
Plus, Congress stole our "other" retirement account: Social Security. That account was to be used for no other purpose than to support the retirees who paid into it. Congress quietly passed a law that made it available for them to buy votes from the welfare and entitlement crowd, etc.
Now, that fund is supposed to go bust in ~15 years.
Yeah, I'm concerned.
.
“I’m planning to buy Starlink as well when it ipos. Unfortunately still waiting for service here in Alabama...signed up and paid deposit when it was announced.”
Just a tip, but I live outside of Mobile in a sparsely populated area. My only option for internet was badly maintained ATT DSL. I recently switched to T Mobile home internet. It’s a cell based internet service. Sixty bucks a month, no data cap. If you can get a T Mobile signal it might be an option.
People have been nervous since 1929.
Bkmk
I bought AMD at $6...God bless Trump. It blew past $100 and almost hit $120, $150 is within reach, I think.
Last year, due to media fears about an impending crash, we started shifting investments from stocks and bonds to money market cash. So if a crash happened, we wouldn't lose everything. Well, month after month went by and we gained value from the rising stocks. Don't know if a crash will happen anytime soon. So I wouldn't put it all in cash reserves. Currently, ours is split about 50/50 between cash and stocks/bonds. We're happy that half our investment is increasing, and aren't greedy to put it all in stocks/bonds.
my husband, who is not an investor type, has his IRA in with an Ed Jones guy....of course Ed Jones wants me to switch over...but so far my Fidelity has done well.....
but a closer at hand advisor would be helpful.
my husband, who is not an investor type, has his IRA in with an Ed Jones guy....of course Ed Jones wants me to switch over...but so far my Fidelity has done well.....
but a closer at hand advisor would be helpful.
A lawyer/CPA friend recommended a local financial advisor. We've been meeting weekly for about a month. I'm almost 70. I moved my very aggressive Fidelity account to a more conservative IRA Friday. It grew about $8K on the last day I owned it. But I'm glad I've got it in a more secure investment.
Maybe it's just us, but we don't trust outside "advisors" who play with our money. We have large accounts in banks, and they keep trying to foist financial advisors on us. No thanks, we are conservative investors and don't want to gamble recklessly. We do gamble with spare money in Charles Swab stock investments and have been lucky. But are not willing to gamble away all our retirement funds, which tell us we're too conservative in how we have it allocated. Having half in cash allocation guarantees we leave something for our grandchildren if stocks crash. We're seniors long retired and don't want to die broke.
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