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What To Do With Your Coins In Economic Meltdown???
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<p>[QUOTE="Catbert, post: 430773, member: 12718"]If you are counting on your collection to fund your retirement, you may want to sell only as a means of protecting a very important asset (basic risk management). They can always be bought back later. If your collection is more of a hobby and not part of your expected income (reselling), then I would hold.</p><p> </p><p>As far as 401(k) accounts, I have moved my money into money market funds 100%. While that is not a certain guarantee with money in T-Bills, at least it is better protected than stocks. This is the first time I've ever done this, but the market is very unstable right now and we are in brand new territory with the government's involvement in private markets. Whatever I lose short term in potential upside having been invested in stocks is more than worth the risk insurance I'm getting by going conservative now.</p><p> </p><p>P.S. I did that on Monday.[/QUOTE]</p><p><br /></p>
[QUOTE="Catbert, post: 430773, member: 12718"]If you are counting on your collection to fund your retirement, you may want to sell only as a means of protecting a very important asset (basic risk management). They can always be bought back later. If your collection is more of a hobby and not part of your expected income (reselling), then I would hold. As far as 401(k) accounts, I have moved my money into money market funds 100%. While that is not a certain guarantee with money in T-Bills, at least it is better protected than stocks. This is the first time I've ever done this, but the market is very unstable right now and we are in brand new territory with the government's involvement in private markets. Whatever I lose short term in potential upside having been invested in stocks is more than worth the risk insurance I'm getting by going conservative now. P.S. I did that on Monday.[/QUOTE]
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