Looking for info on how to protect a 401k in a global collapse
Posted March 3rd, 2008 by silentboom
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How would someone protect their 401k if not only the US but most markets suffered. Are bonds an option? I know most 401k's are usually invested in stocks. Anyone have an idea?
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Stick it in your hidey hole
.
Money Market
Most 401K plans offer at least one money market fund. These are usually the least risky investments but typically have the lowest rates of return.. Treasury only money markets are the safest, other money market funds could lose money if debt issuers default (like many miunicipalities, Fannie Mae, or Freddie Mac, etc...) if we experience a depression. Pulling out of your 401K and taking the penalty may not be worth the risk. You could lose even more by putting it into gold and silver if precious metals prices go down and the dollar index goes back up. Everything is speculation to some extent. No easy answers.
if there truly is a global collapse
Then all paper financial vehicles will be worthless. In a global collapse, it will be better to have your wealth close at hand in the form of gold and silver bullion.
Yep...all financial
Yep...all financial instruments that are based on Fiat Currency, and all are, will suffer the same fate as the currency.
Also...
add .40cal, 12 gauge pump and AR-15 to the list of investments...
They have tangible value...
ahh don't forget the
ahh don't forget the springfield M1A... as much as I like shooting my ar.. nothing compares to hitting steel targets at 750 yards with open sites!
exactly! buy some
exactly! buy some silver/gold and put them in your house.... protection!
I agree
You could just borrow some of it and buy G/S !! (take delivery) Repayment isn't too bad, comes out of your paycheck. At least you'll have something tangible.
Have To Make A Decision
...this week on where with EuroPacific to invest an IRA moved from Merrill Lynch. I am confused. If anyone who is currently investing with EuroPacific has any advise specific markets with EP I should look into and wouldn't mind sharing, please contact me by email. I have to make a decision soon. I'm already okay with gold and silver....am a little uneasy with Canadian market given impending NAU and know little about Australia. Energy? Utilities? Commodities? Infrastructures? Am wondering why they have little in Latin/South America, especially Brazil. Thoughts?
I just got Europac papers
going to have a look this evening. I feel exactly the same re: Canada/NAU. Looking forward to the same info as Fonta :)
Once again, everything
Once again, everything associated with Fiat Currency will suffer the same fate as the currency itself. All financial instruments that are based upon any Fiat Currency System will terminate when the Fiat Monetary System reaches its Maximum Possible Life-Span.
so what does that mean?
Pull the money out and buy 40,000 worth of gold or rice?
if I had a 401k i would have
if I had a 401k i would have closed it out. payed the penalty.. bought silver and just wait! but that's me..
Granted I didn't have a
Granted I didn't have a whole lot in my 401K, less than 10K but that's exactly what I did. I quit the job I hated anyway, closed the 401K, bought silver and am riding the wave.
It means exactly what it
It means exactly what it means...every Fiat Monetary System in history has suffered the same fate, each reaches a point of termination when the underlying debt upon which it is created implodes under its own weight. Hyper-Inflation is usually the last stage before complete collapse, at this point I personally feel that we have reached the Practical Life-Span of the system, which immediately preceeds the Maximum Possible Life-Span. Usually, it is a very rapid decline between the two inherent points and hyper-inflationary pressures can happen almost over-night in economic terms.
I personally would much rather have some type of commodity asset then one based upon Fiat Paper Money.
You should look at ETF's.
You should look at ETF's. You can buy gold and silver etf's like GLD and SLV. Buy short ETF's like SRS and QID. Tons of short vehicles out there for almost all sectors and tons of ways to buy gold, silver, commodities and oil.
hmm
I haven't seen any options for anything like this in the plans. It looks like you can only choose funds based on different things such as bonds, stocks, international stocks, or mixed. Looks like the money would have to come out of it at a penalty and go into something else.
Call Euro Pacific Capital
http://www.europac.net/
Conquer The Crash
"Conquer the Crash" is a book by Robert Prechter. Lots of info on safeguarding capital and how to find the safest banking institutions. He makes a strong case for a deflationary depression and explains what is likely to transpire with the financial markets, dollar, gold, real-estate, bonds, and commodity prices.
I read his book.. i agree
I read his book.. i agree with everything except his view on gold and silver.. the dollar today is not the dollar of the 1930's! that is the only place i do not agree with him
Crash Proof
There's a book by Ron Paul supporter Peter Schiff called "Crash Proof"
Reviewed in the Blog section here: www.dailypaul.com/node/39...
This may help.
I'd go with Peter Schiff as well...
That guy has ~got it~... ;)
Yep I called too
Nice to see you Devon!
great source susan! if
great source susan! if anyone knows anything its peter!