Daily Kos

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  •  I moved everything (none / 0)

    to international funds.  I'm not going down on the financial ship, too.

    wondering if I should take the cash I like to keep on hand, in case of a terra attack, and buy other currencies...

    No matter how cynical you get ... you can never keep up.

    by LegalSpice on Sun Feb 20, 2005 at 07:05:04 PM PDT

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    •  Same here. (none / 0)

      I put about 60% of my 401k into funds that invest antirely in foreign companies. Funny, the wealthy Republicans I work with did the same right before I did. They all voted for Bush, but cashed out.

      Signature Impaired.

      by gttim on Sun Feb 20, 2005 at 08:38:29 PM PDT

      [ Parent ]

    •  International funds are one way to go (none / 0)

      Export-oriented companies (or funds) are another.  If the dollar tanks, many American exporting companies should do relatively well, as our huge trade deficit begins to right itself.

      Some gold seems prudent, as a bet, but I wouldn't go overboard on it.  Shifts in gold holdings by central banks (ours, for instance, if things get really shitty) can make this a tricky market.

      In really bad times, such as the coming likely period of stagflation, cash is king.  Pay off debts, liquidate most long stock positions, shorten up bond investments, and hold safe cash instruments.  Downsize living expenses wherever possible, before you're forced to do so involuntarily.

      I can't expect to live in a democracy if I'm not prepared to do the work of being a citizen.

      by Dallasdoc on Sun Feb 20, 2005 at 09:46:38 PM PDT

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