Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Where to put my money if Fiscal Cliff happens?
I am wondering if I have a few Mutual Funds and a 401k, if I should place some of that money in to bonds vs stock market, and lower my risk. Just looking at worst case, where would be the best place for my money.
Good topic. Maybe it should be broken down between 2 scenario's. If the fiscal cliff happens to the upper income levels. If the fiscal cliff happens to everyone.
If by fiscal cliff you mean a return to Clinton era levels of taxation and government spending, then ask yourself: was the Clinton era good or bad for your finances? I remember the 1990s quite well. Good times.
If by fiscal cliff you mean a return to Clinton era levels of taxation and government spending, then ask yourself: was the Clinton era good or bad for your finances? I remember the 1990s quite well. Good times.
The Fiscal Cliff is the Combination of the Tea Party spending cuts, and return of Taxes on the Bottom and Middle. Either of those will suck money out circulation. The combination of sucking money out of the economy will set US back into the Deflationary Depression cycle of 2009-10.
Clinton era, then and now where different levels of the boat sinking. Sinking both then and now, just different levels.
1990's has massive expansion of Consumer Debt -- CC became a form of currency. That massively expanded the amount of "money" in circulation amongst the bottom and middle -- they are the folks who spend in to the economy. Temporary (90's) Cheap Oil held US from sinking faster, as well.
This time around, the Banks and CC's are maxed, and Cheap Oil is over.
If by fiscal cliff you mean a return to Clinton era levels of taxation and government spending, then ask yourself: was the Clinton era good or bad for your finances? I remember the 1990s quite well. Good times.
Well back then we were growing then. Now we are in reverse. I don't think it will be the same.
Good topic. Maybe it should be broken down between 2 scenario's. If the fiscal cliff happens to the upper income levels. If the fiscal cliff happens to everyone.
The cliif willhappen to everyone if it hits. Just to tax the rich only means indirect increases to everyoe below i prices.But even if we tax the rich at the highest level proposed it not goig to pay but for perhaps 2% of the deficit i ten yeqars. Unless we tackle the three big entitlements they will continue to comsume more and more;which is why they are called unsustainbale. Its like paying a credit card at minmum payments while increasig the total spent. Somethig to think about is China the Japan are our biggest creditors from their svings rates,Both have aging populations and at some point are going to call in that debt to support that aging popualtion of savers.Our government debt is their retirement basically.
Both ends and all decks of the Titanic sank. The whole thing.
Only difference for personal outcomes was the lifeboats.
Selecting the lifeboat(s) is pretty much what the OP was asking.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
