Are you moving your savings or retirement to cash because of the default-risk?
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Anonymous
| I can't even touch my retirement. The "safest" options are bond funds. Just wondering what other risk-averse folks are doing. |
Anonymous
| Doesn't matter. Default is completely unprecedented and unpredictable. Liquor is good to have. Can enjoy once this blow over but can use as a tradable good and antiseptic if worst fears realized. |
Anonymous
| I have everything in high-risk technology stocks, and I'm not moving anything for now. Just not buying anything new. There may be some instability in the coming days or weeks, but the market will recover. |
Anonymous
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Anonymous
| lol, 11:03, please tell me you are joking. |
Anonymous
| I'm leaving my $$ in the high risk domestic stocks too. |
Anonymous
No, I've done this for 20 years and some of the money has gone towards my downpayment for my house, my first few mortgage payments, extensive home repairs (like gutting the whole first floor and putting a new roof) and is now accumulating for my retirement. Some of it is Apple, which had a good run and is winding down slowly. I have a net gain every year, including during the recession. Successfully weathered a few crises, so I'm not worried. |
Anonymous
| I am cashing out a portion of my 401k but that is mostly because I lost my job at the start of the sequestration and the federal contracting job market stinks. |
Anonymous
| Bonds aren't "safe" either because interest rates will rise if the government defaults. Unless you need money in the short term then just ride it out. |
Anonymous
Best financial advice ever given on DCUM. I'm cashing out all mutual funds and equities and investing in liquor 
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Anonymous
Best financial advice on DCUM! Liquor = best commodity for investment
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