Re: How Should I diversify my 401k?
Everyone is looking to buy gold apparently and the likes of bloomberg is running stories a lot lately on how silver is the new gold which is all a sure sign that those commodities are in bubble territory.
Now water there is a differ story but how you would invest your 401k in it I dunno failing that there is always magic beans.
Last edited by gaelic cowboy; 11-02-2010 at 18:59.
They slew him with poison afaid to meet him with the steel
a gallant son of eireann was Owen Roe o'Neill.
Internet is a bad place for info Gaelic Cowboy
Re: How Should I diversify my 401k?
So you're taking advice on investments from a few internet acquaintances you barely know.
If that's the case, you should totally invest in a time-share property somewhere in West-Flanders Belgium.
Originally Posted by Drone
Re: How Should I diversify my 401k?
The West-Flemings are at it again!
As coincidence would have it, I once visited the pitiful remains of http://en.wikipedia.org/wiki/Lernout_%26_Hauspie
Re: How Should I diversify my 401k?
What Peasant Phill says is true Strike For The South, but professional advise may not work either. In the end it's your own feeling, skill and 'luck'. It won't hurt to get some discussion about it.
Gold tripled in some six years, that's impressive. Some stuff has done better: phosphate. That did 10* within a very short time in 2008. For a special reason. People who got impetuous at 4*, bought a lot, got carried away by 'phosphate is a limited resource and will $$$' and forgot to sell again, lost a lot of money, because it more or less got back to the point where it was very quickly. A bit higher than before actually and it was expected to increase again, but that may not happen. Recently more resources have been found, and it's likely to last for 300 years instead of the 50. It might even be that recycling projects will lose momentum now (crisis afterwoes, delaying investment in the 'luxury').
I think we'll still see some rough water, but the chance that the gold price drops drastically 'soon' is likely. Whether soon is tomorrow or a year from now, I don't know. Buying 'cheap' stocks will be a smarter move and guarantees good nights sleep. Those may also go down a bit, and companies may default, but it's not a bubble that will burst any second. Don't put all eggs in one basket.
Ja mata
TosaInu
Re: How Should I diversify my 401k?
Since you are young, I'd say about 80% in S &P, 10% cash, and 10% conservative bonds. It's really a crap shot man... it depends how much risk and upside you want to expose yourself to.
This thread title makes me feel god damn old.
Re: How Should I diversify my 401k?
It was that long ago you got 401k?
Ja mata
TosaInu
Re: How Should I diversify my 401k?
When I joined this forum, Strike was talking about AP classes and getting his license. Now he is almost done with college and investing in a 401k.
Re: How Should I diversify my 401k?
Oh, that way.
Ja mata
TosaInu
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