what to do with savings / 401k ?

[cbc58]

Been reading a lot of doom and gloom lately - more than usual - about an impending stock market downturn, bail-ins, possible move to electronic money, negative savings rates, war, confiscation of gold/silver, more taxes, etc.

Where would you put your money in these trying times?

 

[Zippyjuan]

My main investment is in a utility. People always need energy even in a recession and energy stocks pay dividends- money you get whatever the stock price does- moves up or down. Look into Dividend Re-investment Plans. Instead of paying the dividend to you in a check, they convert it into more shares (usually at no cost to you). That helps your investment grow more. Lowest purchase minimums and lowest costs (costs reduce returns so lower costs= higher returns). I recently purchased an additional $5000 worth- and paid no transaction costs or commissions. Not even places like eTrade can get it that low.

 

[cbc58]

My main investment is in a utility. People always need energy even in a recession and energy stocks pay dividends- money you get whatever the stock price does- moves up or down. Look into Dividend Re-investment Plans. Instead of paying the dividend to you in a check, they convert it into more shares (usually at no cost to you). That helps your investment grow more. Lowest purchase minimums and lowest costs (costs reduce returns so lower costs= higher returns). I recently purchased an additional $5000 worth- and paid no transaction costs or commissions. Not even places like eTrade can get it that low.

care to share the name of the utility ?? tks.

 

[Zippyjuan]

It is Sempra Energy which is our local company. Others would probably work well too.

 

[oyarde]

Been reading a lot of doom and gloom lately - more than usual - about an impending stock market downturn, bail-ins, possible move to electronic money, negative savings rates, war, confiscation of gold/silver, more taxes, etc.

Where would you put your money in these trying times?

I plan on cashing out and paying off everything , soon ,all the land is pd for already , get a part time job to cover utilities , property tax , cut wood , make beer , you know , fun stuff

 

[TheCount]

Been reading a lot of doom and gloom lately

I think you phrased this well. Before you make any major decisions, I would ask yourself if you are choosing to read the doom and gloom or if there really is more doom and gloom.

 

[TheTexan]

Have you thought about getting a few 80" flatscreens?

 

[The Northbreather]

Have you thought about getting a few 80" flatscreens?

I just bought some 80" rims...

 

[Spikender]

I just bought some 80" rims...

For your monster truck?