Looking for advice on how retirement accounts might ride out the Storm. I've been building a nestegg that is entirely in Vanguard/Fidelity. What do you think of precious metal funds or government securities?
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (22)
sorted by:
Not a Guru here but someone with a fairly sizeable financial exposure (85% stock market). I called my brokerage house Thursday morning and took 80% of my total portfolio and moved it into a "conservative" mode. I'm going to wait on the sidelines about a week or two before I make any changes, this way I realized some significant gains without taking any taxable income. My advisor mentioned that the conservative portfolio (Gov securities/bonds) was paying ~5%.... I was getting around 15% over the last 3 months which was bound to change or turn around at some point. Bottom line is if you're able and want too, move to the sideline for a short time. You may lose out on short term gains but your money will be safe.