I have been stressing the imminent (now blatant) inflation with my investment counselor, and what can be done to protect my retirement savings. I suggested TIPS, but since that would cut out the middle-man fees, he was against it. I believe now, that government backed retirement funds may be in great jeopardy with the "Great Reset" looming. Does anyone here have REAL financial investment experience who can suggest a good plan going forward to deal with likely higher inflation, and possible financial meltdown? (and please, don't post, "Just buy gold!")
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Hubby would say crypto but I know that’s pretty divided on here 🤷🏼♀️
At this point all I can say is gold,silver.and land. All of which can and have been confiscated in the past. Sometimes you gotta go with your gut. Food/water and basics need to be covered first, then do what you can for whatever the fuck ends up actually happening.
But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
Not a financial advisor, not necessarily good financial advice, I have not seriously studied the markets in a decade, etc, etc...
Strong diversification #1.
Personal, perennial favorites: Utilities and stocks w strong dividend history vs growth history. I was also always fond of REITs. Don't see why you shouldn't include TIPS. Diversification into real, direct property and physical assets like gold and silver. Some commodity indexes. All the simple stuff.
Diversification, necessity of product (transportation, construction, manufacturing, food, retail) and dividends, dividends, dividends.
Before the complete systemic manipulation of the markets by algorithms, dividend investing was always pushed as a solid, stable investment. Then the computers got greedy.
Again, all IMO. This is how to invest to protect your wealth, not strike it rich. Striking it rich is a whale's game to me. I'm very conservative in investing.
I told my advisor to put me in the most conservative fund possible, totally out of stock market, and as a result, I mostly missed out on the past 18 months of the totally bonkers stock market rise :) I have had a small percent in the market since March, and that has helped to pay for the broker fees :) The thing is, the fund fees have been about equal to any appreciation, so the fund managers are making as much as me by simply shoving a few electrons around :)
I don't know your asset total, but I wouldn't say just throw it all into one conservative fund. Diversify, especially if you have sizeable wealth. One with a sizeable nest egg wouldn't want to ignore a standard index fund, missing out on the market completely. You'd diversify as I stated above.
I don't want to say it sounds like you have a crappy broker, but it sounds like you have a crappy broker who's making you do all the leg work, while profiting handsomely off of it.
I'm not a financial advisor, never was. Met a lot of them, didn't respect most of their abilities. You should look into moving your assets elsewhere, but (maybe mistaken) if the fees are cutting into your investments that much you might not have a huge amount of assets at play here?
Again, all the stuff I suggested is long term "conservative". I would hedge (ha!) a guess you were put into "all term" conservative, like bond markets?
This kind of thing is like finding a good "expert" in any field - except in finance you face not only mediocrity in service, but literal incentivization from the top to keep your assets moving to generate fees. So bad advice on top of bad advice.
Dont know you level of financial literacy, but I always found the Motley Fools basic books fairly enlightening when I was starting out. Read them for the fundamentals (types of accounts, where to open the, etc), but be sure to apply your own best judgement and instinct to any actual "picking advice" they may profer.
From there, get some introductory books on "Fundemental Analysis".
Ok, thanks. My advisor agreed to take my wife and I on, even though we have fairly low assets. Most of his customers are millionaire to multi-millionaires; he took us on more as a favor. He doesn't directly make money off our accounts, but the investment companies probably pay him based on some volume he puts into them. All the fees I see are from the funds themselves, at around 1%, and my money only made about 2%, so I netted about 1%, which is well below inflation rate.
Yeah, I've wondered for quite a while, that if gold is such a great "investment", why do so many companies push it?
I didn't mean that I didn't think it was an option, I just didn't want to see a bunch of posts that say "Buy gold!" :) There are also some limitations on buying gold as part of a retirement account. I agree that land is good, but you still have to pay taxes on land, and who knows what government will do regarding real estate taxes in the future. I wish I was on a farm now :)
Property/Land That is the route I'm going.
Precious metals are part of the plan too but I don't go all in on them. You can't eat them. I'm more concerned about being able to feed myself and my family which I can do on land. I've spent years learning to grow and preserve food.
Gold, Silver, Ammo, Seeds (Non-GMO)
Also include faith in our lord in your efforts.
Jesus is my retirement plan.
He's my loooong-term plan; it's the next few months to few years that I'm concerned about :)
And bullets
I’m also stressing out about this. I haven’t had the conversation with my planner yet, but def concerned about all my hard work going to waste
I have a hard conservative-leaning advisor at Raymond James. I hired him after I retired in 2017 to manage the portfolio I had built with my company's salaried savings plan and my fincially-unqualified experience in finance. So this year with all of the volatility and uncertainty of the markets, I asked him if we should move to a safer position to reduce risk; his response surprised me, that all of the models that he uses point to good growth in the equities markets and he convinced me to allocate our holdings like this, where the portfolio value is just shy of $550K. Performance has been around 15%. I still look at it every day with uncertainty. Also, he told me that my precious metals stack should not exceed 10% of our total portfolio value; I am still a long way from achieving that with a modest 245oz of silver and gold...mostly silver. I still need to trust this RJ guy - a based Christian with a clear picture of what's wrong with our country, because I dont know shit about investments.
Going into full-blown covid, I was convinced there was no way the stock market would go up! It has defied all financial logic, but with the Fed doing the midnight pumping, I guess that is a big part of it. I missed out on it, and didn't even keep up with inflation, but if things get really bad, no investment, other that survival supplies, will amount to much. I surely wish all the good, patriotic, Christian, Americans could all relocate to some part of the U.S. or some small country :)
Just buy gold AND silver.