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Economy

bemildred

(90,061 posts)

3. Nobody really knows.

Reply to cyberpj (Original post)

Tue Jun 19, 2012, 03:39 PM

Jun 2012

I think his plans, while possibly not optimum in terms of return, seem pretty optimum right now in terms of secrurity and preservation of capital. Interest rates are pretty pathetic right now, but if they ever do go up, money markets will be looking great.

And it never hurts to have some cash you can lay your hands on in a pinch.

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24 replies

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I honestly don't know what to tell him. [View all] cyberpj Jun 2012 OP

Future shock Cary Jun 2012 #1

That's his Father's advice as well. cyberpj Jun 2012 #6

I agree with your son. hay rick Jun 2012 #12

Perpetual Growth. I believe it was an article posted in this forum recently. cyberpj Jun 2012 #13

Should have added equities in 2008. For the short term-- eridani Jun 2012 #10

Didn't have the job, or the 401k plan, in 2008. He has worked construction for years with cyberpj Jun 2012 #14

In that case, I'd say that building up a savings cushion should come first eridani Jun 2012 #16

but you never know where the bottom OR the top is - I recall thinking Apple was too high at $15 wordpix Jun 2012 #19

The solution to all of the world financial problems Blanks Jun 2012 #2

I love your input. cyberpj Jun 2012 #7

I'm with you and was a back-to-the-land person in 1970s-80s but wordpix Jun 2012 #20

Nobody really knows. bemildred Jun 2012 #3

Thanks for your thoughts. nt cyberpj Jun 2012 #8

Ask him what the money markets are invested in. Banking stocks, Europe...eek! jtuck004 Jun 2012 #4

re: "That advice is probably worth what you paid for it, btw." ... cyberpj Jun 2012 #5

"the good in getting whatever employer match " Absolutely. jtuck004 Jun 2012 #9

even with low inflation, though, money under the mattress won't be worth the same in 10 yrs. wordpix Jun 2012 #21

For what it's worth. westerebus Jun 2012 #11

Thanks. Your information is appreciated. cyberpj Jun 2012 #15

The Death Of Equities (Business Week 8/13/79 cover story), 3 yrs b4 the great 18 year bull mkt began progree Jun 2012 #17

I think a diversified position should include real estate. truedelphi Jun 2012 #18

you can also buy RE equities and REITs wordpix Jun 2012 #22

The "30 year" mantra Sushi_lover Jun 2012 #23

Born in 1971 so for him it will be 26 more years according to SS online cyberpj Jun 2012 #24