General Discussion

guillaumeb

(42,649 posts)

1. Most people have very little in personal savings.

Reply to boston bean (Original post)

Fri Dec 9, 2016, 07:58 PM

Dec 2016

And many people apparently do not earn enough to save.

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What are you going to do to protect yourself from the impending financial meltdown? [View all] boston bean Dec 2016 OP

Most people have very little in personal savings. guillaumeb Dec 2016 #1

many people have a 401K. If they do, they ought to be doing something very safe with their $$. boston bean Dec 2016 #2

I inherited my Mother's house and wanted to take a loan to convert it into a duplex kimbutgar Dec 2016 #3

buy seeds and dig a bucker juxtaposed Dec 2016 #4

Dig a what? pinboy3niner Dec 2016 #9

no bunker juxtaposed Dec 2016 #14

DUzy! (eom) LearnedHand Dec 2016 #49

I paid off my debt & retiring next week gwheezie Dec 2016 #5

congratulations!! handmade34 Dec 2016 #15

Good for you, gwheezie! brer cat Dec 2016 #21

If you do not have what is referred to as Wellstone ruled Dec 2016 #6

I'm dead broke, so i'm in great shape! bluedigger Dec 2016 #7

I am very worried about my retirement funds (401k) etherealtruth Dec 2016 #8

I know.. it's like being in a rock and a hard place... boston bean Dec 2016 #35

48, my gut tells me that anyone under 50 is royally screwed. sarcasmo Dec 2016 #47

Nothing Zing Zing Zingbah Dec 2016 #10

I will probably stay the course. I have a 40% allocation in the stock market doc03 Dec 2016 #11

allready done handmade34 Dec 2016 #12

I'm in good shape pinboy3niner Dec 2016 #13

I think the stock market edhopper Dec 2016 #16

Where is a safer environment? I'm asking seriously. Squinch Dec 2016 #17

completely out of the stock market, into a place where I can live forever without paying for housing boston bean Dec 2016 #19

Oh! I was thinking of something like that. Squinch Dec 2016 #22

I am so scared squinch.. if they start doing shit the day of inauguration anything could set off a boston bean Dec 2016 #23

I'm pretty terrified too. We do know disaster's coming, and when it does there'll be no Squinch Dec 2016 #26

It is frightening. I always say better to be safe. boston bean Dec 2016 #29

I think this is a good idea. Squinch Dec 2016 #30

I can't avoid paying rent, but some years ago I got a rent reduction pinboy3niner Dec 2016 #24

I am one of the people who Doreen Dec 2016 #18

I am sorry doreen. Even with the little bit I have, i am extremely vulnerable as well. boston bean Dec 2016 #20

I am scared to death. Doreen Dec 2016 #25

Oh, Doreen. I'm so sorry. Squinch Dec 2016 #27

I'm so sorry for you as well...... a kennedy Dec 2016 #37

Same here. I'd invest in prayer, but the ROI ain't so hot GliderGuider Dec 2016 #28

My family has a contingency plan gwheezie Dec 2016 #39

It is good to have a strong family. Doreen Dec 2016 #41

I've been thinking about putting my house on the market soon, Island Blue Dec 2016 #31

Don't forget the market can stay irrational taught_me_patience Dec 2016 #32

I agree. that is why I think having a place I own outright is best. boston bean Dec 2016 #33

I agree. We are paid off. we can do it Dec 2016 #45

In the words of the great sage Al Czervic Warren DeMontague Dec 2016 #34

I am thinking paying off my house and always having a place to call home... boston bean Dec 2016 #36

Probably not a bad idea. Warren DeMontague Dec 2016 #40

Bonds and short-term Treasuries Auggie Dec 2016 #38

Another good idea. we can do it Dec 2016 #46

I can't do much ismnotwasm Dec 2016 #42

Weirdly, Bitcoin... Just ask the people in India and China who are driving the price up right now. JCMach1 Dec 2016 #43

Moved everything out of the market Kilgore Dec 2016 #44

I am still trying to recover from the previous meltdown dixiegrrrrl Dec 2016 #48