Stella Posted March 1, 2019 Posted March 1, 2019 Hypothetically, if we (US/ world) are heading into a recession, how would you protect your 401k investments now? Move your assets to bonds? Would you continue your future allocation as you have been or would you change it to bonds or something more secure?
Mr Bagwell Posted March 4, 2019 Posted March 4, 2019 Stella, Investing and what to do when is a difficult conundrum for even the experts. However, you need to find an investment person that you trust and work through your investment tolerance, time line, and strategy. Investing is a philosophy as much as a strategy. Find someone you trust and work through it.
CuseFan Posted March 4, 2019 Posted March 4, 2019 Exactly. The answer(s) is (are) dramatically different if you are 35 or 55, have recession-proof employment or not, married/single, primary/secondary wage earner, etc. and ultimately, what lets you sleep at night. Good luck. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
BG5150 Posted March 4, 2019 Posted March 4, 2019 I'll cash out, buy bitcoin and deal in SSNs and passwords on the darknet. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
MoJo Posted March 4, 2019 Posted March 4, 2019 2 minutes ago, BG5150 said: I'll cash out, buy bitcoin and deal in SSNs and passwords on the darknet. Oh, so you the one who keeps sending me emails demanding bitcoin in exchange for not releasing my SSN and other information.... Oh, and I'm letting it ride. Dollar cost average in on the way up and on the way down....
BG5150 Posted March 4, 2019 Posted March 4, 2019 22 minutes ago, MoJo said: Oh, so you the one who keeps sending me emails demanding bitcoin in exchange for not releasing my SSN and other information.... Not yet. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Mr Bagwell Posted March 4, 2019 Posted March 4, 2019 I haven't figured out what the darkweb is.... Is it a different internet provider? Maybe a parallel universe web? Who knows.
MoJo Posted March 4, 2019 Posted March 4, 2019 53 minutes ago, BG5150 said: Not yet. OK. Well let me know where to send the Bit(less)coin, Got to protect my pennies!
david rigby Posted March 4, 2019 Posted March 4, 2019 21 minutes ago, MoJo said: OK. Well let me know where to send the Bit(less)coin... I'll take all your nickels, dimes, and quarters. Even the folding green paper. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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