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Thread: what to do with savings / 401k ?

  1. #1

    what to do with savings / 401k ?

    Been reading a lot of doom and gloom lately - more than usual - about an impending stock market downturn, bail-ins, possible move to electronic money, negative savings rates, war, confiscation of gold/silver, more taxes, etc.

    Where would you put your money in these trying times?



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  3. #2
    My main investment is in a utility. People always need energy even in a recession and energy stocks pay dividends- money you get whatever the stock price does- moves up or down. Look into Dividend Re-investment Plans. Instead of paying the dividend to you in a check, they convert it into more shares (usually at no cost to you). That helps your investment grow more. Lowest purchase minimums and lowest costs (costs reduce returns so lower costs= higher returns). I recently purchased an additional $5000 worth- and paid no transaction costs or commissions. Not even places like eTrade can get it that low.
    One thing we can say about Trump: Least Boring President Ever.

    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    “People want to believe that something is the biggest and the greatest and the most spectacular,” Trump wrote, or at least his ghostwriter did. “I call it truthful hyperbole. It’s an innocent form of exaggeration – and a very effective form of promotion.”

    I am Zippy and I approve of this post. But you don't have to.

  4. #3
    Quote Originally Posted by Zippyjuan View Post
    My main investment is in a utility. People always need energy even in a recession and energy stocks pay dividends- money you get whatever the stock price does- moves up or down. Look into Dividend Re-investment Plans. Instead of paying the dividend to you in a check, they convert it into more shares (usually at no cost to you). That helps your investment grow more. Lowest purchase minimums and lowest costs (costs reduce returns so lower costs= higher returns). I recently purchased an additional $5000 worth- and paid no transaction costs or commissions. Not even places like eTrade can get it that low.
    care to share the name of the utility ?? tks.

  5. #4
    It is Sempra Energy which is our local company. Others would probably work well too.
    One thing we can say about Trump: Least Boring President Ever.

    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    “People want to believe that something is the biggest and the greatest and the most spectacular,” Trump wrote, or at least his ghostwriter did. “I call it truthful hyperbole. It’s an innocent form of exaggeration – and a very effective form of promotion.”

    I am Zippy and I approve of this post. But you don't have to.

  6. #5
    Quote Originally Posted by cbc58 View Post
    Been reading a lot of doom and gloom lately - more than usual - about an impending stock market downturn, bail-ins, possible move to electronic money, negative savings rates, war, confiscation of gold/silver, more taxes, etc.

    Where would you put your money in these trying times?
    I plan on cashing out and paying off everything , soon ,all the land is pd for already , get a part time job to cover utilities , property tax , cut wood , make beer , you know , fun stuff

  7. #6
    Quote Originally Posted by cbc58 View Post
    Been reading a lot of doom and gloom lately
    I think you phrased this well. Before you make any major decisions, I would ask yourself if you are choosing to read the doom and gloom or if there really is more doom and gloom.

  8. #7
    Have you thought about getting a few 80" flatscreens?
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  9. #8
    Quote Originally Posted by bxm042 View Post
    Have you thought about getting a few 80" flatscreens?
    I just bought some 80" rims...



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  11. #9
    Quote Originally Posted by The Northbreather View Post
    I just bought some 80" rims...
    For your monster truck?
    Quote Originally Posted by Sister Miriam Godwinson View Post
    We Must Dissent.



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