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View Full Version : Should I move my money?


Actor
08-08-2011, 10:46 PM
Keep it all in the U.S.
Keep it mostly in the US, but put 25% overseas.
50-50 in the US and overseas.
Mostly overseas. 25% in US.
Move it all overseas.
Cash and/or gold...then wait.

I haven't checked my 401k in weeks. I'm afraid to.

Tom
08-09-2011, 07:53 AM
I have a spare room in my house.
I would happy to take it in for you.

Robert Goren
08-09-2011, 08:06 AM
Keep it all in the U.S.
Keep it mostly in the US, but put 25% overseas.
50-50 in the US and overseas.
Mostly overseas. 25% in US.
Move it all overseas.
Cash and/or gold...then wait.
I haven't checked my 401k in weeks. I'm afraid to. Cash in an old cottage cheese container in the back of the refrigerator.

Valuist
08-09-2011, 08:11 AM
Never move ALL of your money in or out of the market at once. In fact, you should probably never move more than 10% of your portfolio at a time.

lamboguy
08-09-2011, 08:35 AM
the main thing to do is not panic.

as far as gold goes, there is going to be some steep resistance right at this level here. but if you don't own any gold you should.anything can happen and the gold could just jump right though this resistance number and it off to the races..

gold on a longer term basis has $2700 in it and you could get that sometime in the first quarter of 2012.

for disclosure purposes i do own gold

Native Texan III
08-09-2011, 09:16 AM
There is not much left now as an alternative to preserve asset value. High purity silver is now a far better bet than gold. There soon won't be anybody left wanting to sell you their gold, at any price. The other problem is what currency you are going to change the silver for when you want cash. This problem is going to take a decade or more to ease off. Wheelbarrows may be a wiser investment long term.

DJofSD
08-09-2011, 09:18 AM
Keep it all in the U.S.
Keep it mostly in the US, but put 25% overseas.
50-50 in the US and overseas.
Mostly overseas. 25% in US.
Move it all overseas.
Cash and/or gold...then wait.

I haven't checked my 401k in weeks. I'm afraid to.
Are you all in cash now or what?

Actor
08-09-2011, 10:19 AM
Are you all in cash now or what?
The 401k is about 50% US, 40% international, 9% bonds and 1% money market. I also own real estate.

Spiderman
08-09-2011, 11:39 AM
The 401k is about 50% US, 40% international, 9% bonds and 1% money market. I also own real estate.
Fidelity has a Money Market fund as a safe haven. Moved all my fund investments into a liquid account on Aug 3rd, luckily, the only day of that week that market was up. It will stay there until market becomes less volatile. Other 401k managers probably have something similar.

DJofSD
08-09-2011, 11:46 AM
Fidelity has a Money Market fund as a safe haven. Moved all my fund investments into a liquid account on Aug 3rd, luckily, the only day of that week that market was up. It will stay there until market becomes less volatile. Other 401k managers probably have something similar.
Is the government's MMF guarentee program still in effect?

Spiderman
08-09-2011, 11:53 AM
Is the government's MMF guarentee program still in effect?
TAG ended on December 31, 2010. I am checking FDIC site if extension was issued.

DJofSD
08-09-2011, 11:56 AM
Then funds deposited in MMF could possibly lose principal - breaking the buck.

Spiderman
08-09-2011, 12:00 PM
Then funds deposited in MMF could possibly lose principal - breaking the buck.

It may, but there will be warning signals. One could rollover 401k into IRA and place funds into Core account which is FDIC insured.

DJofSD
08-15-2011, 05:12 PM
Well, I hope all of you nervous Nellies sat on your hands.