Talk of The Villages Florida - View Single Post - 1929
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Old 10-11-2008, 02:37 AM
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Default Investment Safety
The safest investment right now are directly purchased short term Treasuries FULLY guaranteed by the U.S. Govt. An investment advisor I subscribe to who has been calling the current situation for over two years recommends bailing from stock and bonds for the reasons stated in the previous post and investing in Treasuries for safety. The key now is retention of value and not to worry about return until things have settled down.
Also, if you assume that it may take a number of years to get back to previous levels, one must ask himself "Do I have the time to wait?"
Example: If you had $500k in your 401 a month ago, you may be down 20-40% as of today. That's serious money. Drop another 20% and it could be a "retirement breaker".