Where Should a Person Invest?Submitted by TruePatriot68 on Mon, 04/05/2010 - 13:01
I am fairly new to the Daily Paul and am no financial wizard. I am though, very concerned about the Andrew Maguire / JP Morgan fraud and could use a little direction. The company I work for will match up to 8% of contributions into a SARSEP. Our accounts are managed by Edward Jones and originally, I took their advise on where to place my investments. Lately however, I have been putting everything into GLD stock because I believed it was fairly safe in that it's value is based on the actual value of Gold.
Now with the JP Morgan fraud, I am looking for a little better direction of what I should do. I want to take advantage of the matching money my company will invest, but I also don't want to pour my money down the drain if there really is no safe place.
Maybe I should be buying gold coins or bullion.
Maybe I should be investing in some other commodity like cotton.
Maybe I should just buy more firearms and prepare for the fallout.
I know I am not the only person with these questions and am hoping this can provide us all with options for possible solutions to the situation. Any direction you can provide would be appreciated as I feel the people that make up the Daily Paul are ingenious and trustworthy.