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Originally Posted by someguywithanm3
I moved my 401k money into bonds during the very first stages of the last crash. I did okay., so I'll do that again.
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That's exactly what I did in Feb of this year when the Dow hit 21k. That was the top and it was downhill from there, I thought. Doh! Now in reality, before that move I was really unbalanced in my portfolio having about 90% in equities and 10% in bonds. Moving 100% of my 401K's existing money into a bond fund balanced me out to about 80% equities and 20% bonds so I dont feel too bad about missing out on the growth that's happened since Feb. The bond fund has crept along but it's not making the gains that my other investments are.
Quote:
Originally Posted by someguywithanm3
As far as the IRA, I'll move a lot to gold.
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I really want to love gold but I don't feel it's the safe haven than many folks feel it is. Gold prices are declining on their own after the frenzy that lead up to 2011. I'm not sure I see them shooting back up in the face of the next recession. But then again, I could be totally wrong (and usually am!).