[spot5050]

If you had $10k now in cash and had to put that money aside for 10 years, where would you put it?

[peripato]

$this->bbcode_second_pass_quote('spot5050', 'I')f you had $10k now in cash and had to put that money aside for 10 years, where would you put it?

[Pretorian]

"Had to" ? Are they locking you up? In that case I suggest a first class air-fare to Tahiti.

[SilentRunning]

$this->bbcode_second_pass_quote('peripato', '')$this->bbcode_second_pass_quote('spot5050', 'I')f you had $10k now in cash and had to put that money aside for 10 years, where would you put it?

[peripato]

$this->bbcode_second_pass_quote('SilentRunning', '')$this->bbcode_second_pass_quote('peripato', '')$this->bbcode_second_pass_quote('spot5050', 'I')f you had $10k now in cash and had to put that money aside for 10 years, where would you put it?

[Outcast_Searcher]

$this->bbcode_second_pass_quote('peripato', ' ') Buy up two identical lots of long-life food stocks and other durable items and lock them away in a secure, air-conditioned, rented storage facility.

[Outcast_Searcher]

To answer the question, I choose "several of the above".

To me, the strategy that has worked best for over 30 years is asset allocation -- not panic and make short term 100% bets.

So, I'd go all of the above EXCEPT property, bonds, and cash. A high yield savings account from the likes of ING and American Express can still be had conveniently, paying about 1%, instant access to your money electronically, and FDIC insured. $10K is too little to be talking about property like a doomstead, IMO.

Now if you're talking property like a few weeks of canned goods, a good generator, a good shotgun and pistol and ammo for personal protection if there is some kind of short term panic/riot, that's different. I assumed real estate when you listed property.

[Cloud9]

What about buying the farm?

[peripato]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('peripato', ' ') Buy up two identical lots of long-life food stocks and other durable items and lock them away in a secure, air-conditioned, rented storage facility.

[ColossalContrarian]

I picked cash but property doesn't seem too bad either. I think patience for another 14 months is key. My opinion is that gold is too high and will pull back below $1100 but that's just a wag.

I would buy guns to actually. They hold their value very well.

[Pops]

The correct answer depends on the individual.

Personal assets and abilities decides the how of action, an assessment of the current/future situation and individual concerns/goals decides the what and when.

Just exactly like every self-help book has ever advised:

Make an assessment of where you are today: your assets and abilities, obligations and liabilities and a forecast of the future you believe in

Create a list of concerns and desires and a plan to deal with each

Prioritize your short/medium/long term goals and begin work

Constantly review progress and conditions and adjust

If really bad things happen on a global scale, you won't be able to preserve today's typical lifestyle no matter where you stash money. And if really good things happen, it likewise will not have mattered much where you invested your money.

I guess I'm saying it is better to develop a resilient life - there is no perfect portfolio.


But, to answer the question, I'd keep it in cash & savings simply because things are unsettled right now.

[the48thronin]

the right kind of food can be stored for 10 years... and the price will go DOWN? Yeah right.

[Narz]

$this->bbcode_second_pass_quote('peripato', 'B')uy up two identical lots of long-life food stocks and other durable items and lock them away in a secure, air-conditioned, rented storage facility.

[patience]

I didn't vote. IMHO, It isn't practical to leave an investment in one thing for 10 years, with the world situation as fluid as it is today. The old "buy and hold" investment strategy only works in times of stability and growth, unless one is very lucky. I believe that the answer is to dance from one thing to another in slow steps, as one thing becomes more advantageous than another, this applying only to "investment funds", not one's basic existence.

I agree with Pops. Maintain resiliency--there is no perfect portfolio.

[spot5050]

$this->bbcode_second_pass_quote('Pops', 'B')ut, to answer the question, I'd keep it in cash & savings simply because things are unsettled right now.

[cephalotus]

Shares: 10k is not enough to diversify, so the risk is high. If you want to speculate and can stand a massive loss...

Bonds: Not currently

Property: Sure, if it is useful today. If not: You can always buy later if you have cash...

Gold: Way to expensive now.

Cash: Will give you flexibility. That's what I would do, if 10k is all that you have. You can pay the new car, if the old gets broken...

Savings account: only very low interest rates. I would prefer the flexibility of cash. Also interest rates will most likely raise sooner or later (inflation!)

[evilgenius]

As soon as the investment side of things corrects to the actual level of money in the money supply in the wake of so many home mortgage defaults then all assets, including gold, will take a tumble. Cash is the only safe place to be in such a time!

It is debt which creates more money in the money supply. The defaulting on debt contracts the money supply. Right now there is way too much money mis-allocated in investments. That money needs to find its way to the street via a reorganization of how business appreciates labor, where consumers can gradually get hold of it. The quickest and best way is through a tax redistribution from the truly wealthy to the economy. Tax them and they will not have as much to invest. Less money on the part of the rich to invest will mean a marginal rate of growth in investment which may be negative. To balk here invites a whole host of crash scenarios.

[Pops]

$this->bbcode_second_pass_quote('spot5050', 'A')s a kid I was encouraged to save money. In 2011 that advice is bad advice.

[spot5050]

>>bump up this thread in 2021

I'll post results in 10 years if I'm still around.

[AgentR11]

$this->bbcode_second_pass_quote('Pops', 'I')'ve never thought much of gold simply because it's value is limited to what the gold guy is willing to pay, whereas cash money is, well, cash money - can't get more "fungible" than that.