I moved my entire retirement account to government securities on the 19th. Seeing things like this and the pipeline closure makes me feel like it was a smart move, but at the same time saddened that this is happening.
This seems like a very bad move for inflation worries. Securities like that pay very little interest. If inflation does hit, you will loose buying power fast. Would metals be a safer method of wealth preservation?
Metals aren't an option, it's in a TSP (federal version of a 401K basically). To withdraw it would result in a 20% penalty.
It's risk vs reward. Sure, the market could spike from inflation. It could also crumble. Government securities won't make me much of anything, but I also won't lose everything if it crashes.
In my unprofessional opinion, the bubble has to burst soon. The housing market has been sky rocketing for years. Once unemployment for corona stops, and landlords/banks are allowed to kick people out for non-payment, it's all over. Alternatively, Biden extends those "protections" and landlords are unable to pay the bank, at which point the properties are lost anyways.
Our current plan is unsustainable and it was a result of democrats shutting down their states. I'd rather play it safe. I moved everything to securities, but I left my contributions. Those will continue to go into the riskier stuff, while my main chunk of cash is safe.
I moved my entire retirement account to government securities on the 19th. Seeing things like this and the pipeline closure makes me feel like it was a smart move, but at the same time saddened that this is happening.
This seems like a very bad move for inflation worries. Securities like that pay very little interest. If inflation does hit, you will loose buying power fast. Would metals be a safer method of wealth preservation?
Or TIPs
Metals aren't an option, it's in a TSP (federal version of a 401K basically). To withdraw it would result in a 20% penalty.
It's risk vs reward. Sure, the market could spike from inflation. It could also crumble. Government securities won't make me much of anything, but I also won't lose everything if it crashes.
In my unprofessional opinion, the bubble has to burst soon. The housing market has been sky rocketing for years. Once unemployment for corona stops, and landlords/banks are allowed to kick people out for non-payment, it's all over. Alternatively, Biden extends those "protections" and landlords are unable to pay the bank, at which point the properties are lost anyways.
Our current plan is unsustainable and it was a result of democrats shutting down their states. I'd rather play it safe. I moved everything to securities, but I left my contributions. Those will continue to go into the riskier stuff, while my main chunk of cash is safe.