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'm glad I went to school in the 60s when there were teachers who really knew their subjects. My electronics teacher used to run a TV repair shop. My physics teacher had a lifetime collection of cool things to prove physical things, such as the classic bicycle tire with handles that he could spin up with an electric drill and demonstrate gyroscopes and precession.
I'm not sure how many lifetime teachers there are now. I think the turnover is higher now than it used to be.