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Have you Protected your Assets from this Downturn?

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posted on Feb, 24 2009 @ 10:23 AM
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I think I missed the boat tbh. I have 20k in cash and 4 oz of gold. (i had the gold for yrs). At some point I wanna jump into the market againthrought mutual funds , but feel its too early.What have others done to protect your assets?




posted on Feb, 24 2009 @ 10:35 AM
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reply to post by branty
 


Diversified my portfolio as much as humanly possible. I'm starting to think that was a mistake though. I would be losing a decent amount if I pulled out my money now. I'm not so sure you should even be considering messing around in the stock market right now.



posted on Feb, 24 2009 @ 06:26 PM
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Jus wondering about options, not stock options, about where to put my little sockful, any ideas would be good, what have others done? if anything.



posted on Feb, 24 2009 @ 06:33 PM
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Originally posted by branty
I think I missed the boat tbh. I have 20k in cash and 4 oz of gold. (i had the gold for yrs). At some point I wanna jump into the market againthrought mutual funds , but feel its too early.What have others done to protect your assets?


I am in the same exact situation as you except for the gold. For the last two weeks I have been trying to buy gold. How did you get yours? I don't want paper I want tangible gold. Is your 20K in cash cash or bank numbers?



posted on Feb, 25 2009 @ 10:19 AM
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I actually have had the gold for prob 20 yrs. I bought it when i was young because a Gold Guru said it was a good investment, Morton Schulman. I had the gold stuck in with my old coin collection ,lol, kinda till now semi-forgot about it. The cash I have is in cash,




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