Quote: (08-29-2016 12:36 PM)Hell_Is_Like_Newark Wrote:
I converted almost all my investments to cash or near cash equivalents. Per my financial adviser I am being too pessimistic. However, I see too many major issues. The two biggies (for me):
1. IMHO the Federal Reserve re-inflated the housing bubble. There will be another housing crash (but not as dramatic as the one in 2007 to 2009).
2. I don't see a strong growth in productivity and profits to justify the run up in stock prices. To me, I think this market is being driven by stimulus. I won't be surprised if the market is down 20+ this time next year..
I have been buying some physical gold, silver, and platinum. Small amounts only for now. I don't look at the metals as an investment... more of something to use if we enter a really shit hitting the fan moment.
I'm with you 100%. I'm into keeping cash also on the side because I don't trust how a lot of these banks also say "You have to give us xyz notice to have us give you your money" lol wtf