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mnhtnbb

(33,327 posts)

11. I went to all cash--except a small amount in a gold fund--after the election.

Reply to CK_John (Original post)

Wed Dec 28, 2016, 08:26 PM

Dec 2016

At 65 I can't ride another downturn like 2007-2009.

I'm waiting to see whether interest rates settle a bit next year or look like they will just continue to be adjusted upwards.
That means short term CD's or bonds, probably.

I'm not going to short anything, either. Too risky for me at this stage because I suspect I'm going to need my IRA to live on
when they start messing with SS and Medicare.

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IMO, The Dow will hit 12,000 before it hits 20,000 now that we are [View all] CK_John Dec 2016 OP

My bet is it's going down after the tRump euphoria ends. n/t RKP5637 Dec 2016 #1

Trump is planning on bringing back the Dark Ages Angry Dragon Dec 2016 #2

It's been high lately The Velveteen Ocelot Dec 2016 #3

Agree!!! Well said!!! n/t RKP5637 Dec 2016 #4

yeah i've been complaining about the "uncertainty" crap for ages now. unblock Dec 2016 #5

I'm wondering if it's high because of hedge funds. haele Dec 2016 #7

THE DOW DOUBLE TOPPED !! That's usually a prelude to a big move up or down uponit7771 Dec 2016 #6

7 years ago I sold gold and bought stocks. safeinOhio Dec 2016 #8

Pulled out of my 401K (stocks) after the election. Liberal In Texas Dec 2016 #9

What's in your IRA? dumbcat Dec 2016 #15

Just a savings IRA at the Credit Union. Liberal In Texas Dec 2016 #17

So you don't think that Obama has gotten the country back on a solid economic footing? onenote Jan 2017 #18

Not to be argumentative, PoindexterOglethorpe Dec 2016 #10

I went to all cash--except a small amount in a gold fund--after the election. mnhtnbb Dec 2016 #11

Keep it a safe place and insured, not in a mattress. CK_John Dec 2016 #12

Really! mnhtnbb Dec 2016 #13

I sold off over 7000 shares and banked the cash....... Historic NY Dec 2016 #14

If we get financial sanctions against Israel, there is no bottom HoneyBadger Dec 2016 #16

Are you willing to revise your prediction now? former9thward Jan 2017 #19