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?
I think balanced preparedness is key. Preparedness is simply an insurance policy. You don't want to have a bad car accident with no insurance. You don't want to have a house fire and no insurance. You don't want to be in a situation where you WISH you had prepared generally, but did not. Use GOOD sense and do some general preparedness, simply because you don't want to be in a situation where you SHOULD HAVE but did not.