Can we have a thread about what the hell to do right now?
🗣️ DISCUSSION 💬
First of all, I'm an idiot when it comes to anything financial. I know many of you aren't. What is the safest thing to do with the money (fiat) that we do have right now? Leave it in our local bank? Credit union? Keep it as cash in my sock drawer? Also, the money in my 401k? Switch it over to bonds or something else I don't fully understand? Any thoughts from someone who's been paying better attention to these things than I?
I did roll my 401k into bonds when stocks were still going up (I was getting nervous - so I lost out a bit before doing this but obviously I'm way better off now). So this isn't financial advice especially as I think the bonds can eventually get wiped out too, but so far it's working....