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 put all your eggs in one basket. Have some cash, have some silver and gold, have some in a credit union. The big banks are not safe in my opinion. If you can, buy raw land, like Bill Gates, there are tax breaks on that, but you have to research your state for how many acres for an agricultural or forestry exemption. Bill Gates is hopefully not doing anything nefarious with the land, just saving on taxes. One tradable item that some friends of mine pointed out was wine. I thought that was an interesting idea. There are so many comments that this will be buried but on the off chance it gives someone an idea, great! I’m not a financial expert but have talked to some.