Msg. 10525 of 47202 (This msg. is a reply to
10510 by
Zimbler0)
Jump:
Zimbler:
re: "(Having investments that are not even remotely
considered IRA or 401K will, hopefully, shield
me from some of the thieving.)"
Perhaps from some. I believe a person's best bet, however, is to have investments that government cannot track. Better still to have investments that government does not even know exist. That means things that you buy on your own and keep private.
I could be wrong, though. If, down the road, government makes it illegal to have undeclared personal assets in excess of $X, they may be difficult to unload. Unless they're beans, anyway. There will always be a black market for canned beans.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
This points out one of the cornerstones of my
non-401K investments.
The belief that lying thieving politicians would,
by hook or by crook, stick their sticky fingers
into my retirement funds.
(Having investments that are not even remotely
considered IRA or 401K will, hopefully, shield
me from some of the thieving.)
Has anyone else heard anything about brokerage
sweep accounts being required to hold treasury
notes?
And, how about efforts to force money market accounts
to 'float'. (As in they MUST reflect the value of
the underlying assets - instead of attempting to
remain at one dollar a share.)
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