posted on Jan, 28 2014 @ 11:16 PM
reply to post by signalfire
I have a 401K invested in the market. What would be sound advice to safe-guard your egg with a back-door?
It takes time and expense when dealing with a 401K.
What should someone like myself, an ordinary person with some retirement savings, need to consider doing now?
RueBakon... my advice, if you're of limited means right now... firstly and most importantly, get all your investments the hell out of the stock
market RIGHT NOW. Equities are so overblown and overbought, that how they've managed to teeter at the cliff's edge and not fall off already is
beyond me. Equities have been driven up intentionally by the Fed in an attempt to brainwash the general masses into believing their duplicitous
'Spin' of an economic recovering; Near zero rates means all those trillions of 'Hot' QE cash is desperate for 'a home' which returns more than
zero percent... hence an overblown stock market. It's a total and utter fiction, just waiting to implode. All the big boy investors were out months
ago... and as per usual, it's the small guy who's left carrying the can.
Stay out bonds... they'll be next to unravel. Fed already controls both end of the yield curve on everything from 1YR/3YR/10YR and 30YRs, in real
terms, just dipped into negative territory yesterday for the first time since 2008. That screams of the institutional guys exiting as quietly as they
can from the market... which makes sense, if there's rumour of a Chinese state bank default... there's no one left to buy US debt. Trouble.
Keep cash on hand. Buy gold and silver (small lots). Buy food. Buy heating and shelter.
If things don't implode to the extent that many feel/thing they might do soon... then what's the worst that's happened. You still have your cash in
hand... your PM's are going to be worth at least twice what they are now and you've got a store of food for your next camping holiday!
This is all very simplistic and short of 'theoretic detail', which I could go into, but wouldn't serve to do much other than bore you and reach the
same end conclusion, but I've spent more than a few years on trading floors in my youth and of late I've been reading voraciously about what's
happening in various parts of the world around all this 'major correction' speak... deep down my gut is telling me that something's about to cause
parts of the system to start to unravel... and when it does, it'll gain momentum very very quickly and the resulting global carnage will be
unprecedented from anything we've all ever seen in our lifetimes...
... but it needs to happen; it's overdue; it's desperately necessary and, I hope, what comes next to replace the old system will be one that never
allows this situation to be replicated again. Only if we allow this debt-based money to recover and survive, will it ever happen again. Best we