What Would you Do If You Had $50k in a 401K?Submitted by Sue4theBillofrights on Mon, 02/25/2013 - 20:33
I have been spreading Ron Paul's warning and preaching his message anywhere, and soon run across people with lots of stock in the stock market. It seems to me like when the crash comes that will crash too. My recommendations over stock would be:
- putting my savings in a money market fund..less risk during a downturn?
- hanging tight on a very broad range of mostly middle of the road, medium growth mutual funds
- getting it out and putting it in Swiss Francs.
Many people do not have safes and do not feel comfortable having large amounts of silver or gold in the house. What's the next best thing? Of course, this is after I am sure the person already understands the importance of storing food, batteries, water purification, duct tape, etc. I don't talk about anything until this foundation is understood.