Re: US debt and long-term savings strategy - what do you think ?
- From: "Amamba" <egroy@xxxxxxxxxxxxxx>
- Date: 27 Mar 2007 13:42:08 -0700
On Mar 27, 4:12 pm, "raylopez99" <raylope...@xxxxxxxxx> wrote:
On Mar 27, 11:32 am, "Amamba" <e...@xxxxxxxxxxxxxx> wrote:
Hi,
How wouldyouinvest, in the long run, under such conditions ?
Under such conditions I would invest in gold. Buy GLD and hold onto
it.
But it's also true (as PeterL points out, implicitly, in his reply)
that 'such conditions' may not materialize, soyoushould diversify
with a ordinary stock fund.
Actually the beststrategy--one that really works, but doesn't get
that much press, though it's practiced by a lot of people who are very
wealthy--is to make a ton of money, stuff it in many different buckets
(real estate, cash, stocks, bonds, collectibles, gold), and thenyou're set no matter what happens. Of course easier said than done, I
grantyou.
RL
Well, if someone helps me with the first step, I'll figure out the
rest. ;)
Seriously though - GLD I think its a bit risky, as it is just a
commodity. OTOH if USD flops and GLD stays the same you win, in the
end.
However, how would USD trouble influence the stock market ? I.e. if
you invest in Fortune 500 and they make money worldwide, would your
investment outpace inflation (guess it should) ?
.
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