Your 401k,403b, Roth, and whatever is in their hands. Start transitioning it to being in your control. A bird in hand is worth 2 in the bush.
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Hear ya. Are you trying to protect the cash, or invest it in something more tangible? Depends on how much you have. If you have enough, I'd suggest investing in something "real," like real estate. If you don't have that much, like you said, possibly gold. There are ways of knowing if the gold is legit, and you could look for a coin dealer in your area who has been in business a long time and has a good reputation. But gold is so expensive. It's tough. Maybe silver? If you just want to keep your cash (out of the bank) you could consider buying a fireproof safe for your home.
It's not in the bank! We have equity in our house, but my realtor friend might be able to help with investing in a rental property, they do that at their work. Guess I could invest some. I do have some gold and silver but in the form of jewelry. Need to melt down I think. ?? And gold is expensive and why can't it lose value as well? Growing a garden is great but I don't like or eat much veggies. I maybe could grow a COW! That would be good. Maybe I should be thinking about some chickens....Not much land for a cow but chicken would work I think. Thanks fren for the thoughts to ponder.....
Where do you keep it?? I know banks aren't safe, but it feels like nothing else is either What should one do - hide it under the mattress, lol.? Seriously, if you've got a good idea of where to keep cash, I'd like to hear it. A cow or chickens would be great, imo. Although, I've never had either so I have no idea what it would take to actually raise and feed them. I agree about gold. Who says that won't go down in value? I guess it's still one of the better bets though. Bottom line is, it's not easy to figure out, is it? If you're lucky enough to have enough money to buy land or a single family house or duplex, etc, that seems like a good way to go because at least it's something real, as opposed to paper money. And you can rent it or sell it if necessary. Hey, if you figure anything out, let me know, willya?
It's in the gun safe....very large....very heavy! Not enough to buy a property or land since here an acre is at least $125,000! But go in with my realtor friends and buy a property. Will ponder and repost if I figure anything out.
Bury it in the yard
Gold doesn't change in value. The dollar changes in value. Gold is a store of wealth, not an investment. Silver is more affordable right now. Because of paper silver, the price of real silver is artificially low. Because of industrial use and less mining because of the price, silver is becoming rarer compared to gold. Because silver is cheaper now, but will probably increase in real value (not dollar price) over the years, I buy silver. I personally like junk silver, as average people can recognize silver dimes and quarters. The larger coins, such as halves and dollars, are more collectible. I like quarters, but dimes can fit more weight in the same volume.
Interesting points. Thanks. By junk silver, you mean dimes and quarters? (of a certain age.) Does anything else fall into that category?
When you say that silver will increase in real value, would you please explain that to me like I'm 5? Lol. It's hard for me to decouple anything from it's dollar value. Thanks for the comments.