Anticitizen One
Banned
Take the money out now before there is no money left to take
If Republicans hate government so much, why do they run for public office? Seem contradictory lol.
Golden guns and you're set.
They love money?
You can make more money in the private sector.
When I told my wife that teapartiers are going to shut the the government down over obamacare, she told me to take money out of stocks and mutual funds. Is this a valid concern or should we wait and see? Theres also the threat of defaulting on our debts by not raising the debt ceiling. I am worried. Advice.
Want to make money off it? Short the market.
Not that I think anyone would make much money from shorting at this point with everyone basically anticipating it.
Husband and wife making financial decisions together. I know, its way too radical.If you have to take financial advice from your wife then actively managing your money is probably a bad idea. Just let it ride.
You can make even more after you've been in public office for a while.
Put it all into gold and guns.
Husband and wife making financial decisions together. I know, its way too radical.
When I told my wife that teapartiers are going to shut the the government down over obamacare, she told me to take money out of stocks and mutual funds. Is this a valid concern or should we wait and see? Theres also the threat of defaulting on our debts by not raising the debt ceiling. I am worried. Advice.
Gold is selling at an all time high now...
"Gold is at an all-time high" and "it is a good idea to buy gold right now" seem pretty clearly contradictory.
"Gold is at an all-time high" and "it is a good idea to buy gold right now" seem pretty clearly contradictory.
Gold always goes up! Just like real estate!
I see. I should keep this in mind whenever republicans start playing with fire.This is a great example of how hard it is to beat the market. The problem with your analysis is that other investors have considered the same thing, and some have already dropped out -- thus the price of a possible government shutdown is significantly "priced in" already. Not entirely, but significantly. Another way to say this: the price of a major stock already reflects the possible future outcome that the government shuts down.
The time to really pull out is when the government unexpectedly shuts down. As in, everything seems fine today and then suddenly out of nowhere the government stops working tomorrow. That would be a situation where the possibility of a government shutdown has not been factored in to the market price and you can really expect a dramatic, sudden drop in total market value.
But as it is, I wouldn't recommend it. If there is a government shutdown, expect a noticeable but not catastrophic temporary drop; if the government doesn't shutdown, expect a modest but more long lasting boost. These sorts of obvious, probabilistic considerations are factored in the NYSE long before they happen by people who do this for a living and who are privy to a lot more information than either of us are.
My money is in gold. And I work in a bank.
The time frame question is more about what the money is for. 401k is retirement money, which is presumably a very long time frame. Don't worry about these short term events; the effects won't even be noticeable in several decades when you cash out.
The mutual funds could be short term or could be long term. It depends on what you plan to do with that money. Is it a kid's college fund? That's probably longer term. Is it for buying a house or a car? That's much shorter term. That's really what people are getting at--the longer from now you're planning to cash out, the less likely it is that a market dip will have any effect on you.
I see. I should keep this in mind whenever republicans start playing with fire.