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?
Don't take a tax hit but I would move it to something not reliant on the S&P... We've got a money manager who's ready to pull from the different markets at the flex points, saved their peeps a ton by holding cash at the right times (instead of reinvesting constantly, as is the prevailing "wisdom").