The next few years. Does diversity matter?

[Dave Taylor]

I am still trading futures and options but would like a place to put some of my profits. I've also come across a second income stream(NG royalties from Pa). The dollar has lost considerably this year and precious metals looks to finally be blowing off the top. I'm going to add some more spxl and tqqq when the time comes but I'd like to see others' thoughts. Times are changing, where is money flowing. Currently I have the bulk of my uninvested money in a discover high yield savings as well as I bonds. I'm also in the process of selling my Pa house so I'll have some additional funds to invest.

 

[Pearl]

Yes

 

[tonyride]

I think so, including precious metals.

 

[Dave Taylor]

The reason I write this as last week we had a huge liquidity crisis. Not panicking, but I believe slowly the dollars unwinding as the world reserve currency if half an overnight or even in the next year or five, but like all the currencies, it will happen it’s inevitable. We saw generations of wealth fall out of silver last week $7 trillion drop out US financial markets yes sign out, short-term is buy the dip. We are in an up trend. Last week bank rolls were hit on some regional banks again like in 2023. This can be scary if it happens in your area. Imagine you have $100,000 in the bank but you can’t access it. This stuff actually happens so I was just looking to see what other thoughts are. @Patr

 

[olegbabich]

100,000 x 7.62mm burred around New England States, along with a few cases of canned soup.

 

[hevysrf]

Pick one of the old proven mutual funds, something with a few decades of growth, odds are it will weather most storms. I like FCNTX.
"Devil Take the Hindmost" and " A History of The United States in Five Crashes" for your reading list.

If things really go to hell, everyone who doesn't already own a yacht and a private jet will suffer and starve.