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!")
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (24)
sorted by:
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 :)