With dire forecasts of economic collapse and bank "bail-ins" what is a secure option for my savings, with interest, liquidity?

approx. $9000

Asked by Thomas

3 Answers

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Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
Not to pick on you, but many investors get caught up in recent headlines and that prevents them from investing. In my Wall Street career, the world has threatened to end several times and we are still here. The safest possible place for your money is in an FDIC insured account in the best capitalized bank. It is also an awful investment. If you want to invest and have a long time horizon, you need to put your money into the stock market in a low cost index fund and let it sit there for a long time and ignore the headlines. | 12.01.14 @ 17:25
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 19:37
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Answered by Jenna Dobkin
What about investing in gold? I know its value is highly volatile, but in the event of a currency crisis, would it make sense to a portion of your assets there? | 12.01.14 @ 23:45
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 19:37
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Answered by Thomas
It seems Gold is being manipulated by the Fed. I would only invest in real gold coins, not paper certificates. | 12.02.14 @ 00:53
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 19:37
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Answered by

Alex Bentley
Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA

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