Look, we know the us economy (and markets) are due for a recession given the yield curves. Now, how the fuck do i change my 401k to be recession proof, i only get like 40 options to choose from and none are the boomer inspired silver/gold/btc plays.. What the fuck do i do? It's fidelity net bene's btw.. im a corporate fag who's managed a decent amount that i'd like to preserve.
also how much silver to make it?
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Easy - buy puts on assets that you hold in your 401k.
i wouldnt worry too much about it. most fiat investments of all types are going to become meaningless past 2028. at this point the only way to prepare is to acquire btc and perhaps metals separately.
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ill take the metal pill whats the deal with them, in your opinion? what is your method? the only investments i know much about are coin based. kek. I'm comfy in link but i have a bit of fiat i wouldnt mind hedging in metals.
>cracks one open, welcome to the party boomerbro' here's an ultra and some fodder for the fire
bump fags i know you're almost done mowing the lawn of this fine saturday
>25yo
>doomer
>has a 401k
This story doesn't add up.
But if you really want to know, buy triple leveraged bear stock ETFs.
Easiest fucking thing you can do to expose yourself to the great fuckening, but don't fool yourself into thinking they aren't risky.
Fiat currencies thoughout history have always been shown to be doomed to implosion.
That is why holding a asset like Bitcoin, of which their can only be 21 million EVER mined, is a big deal.
Owning physical gold and silver is also good, since the government can't print more gold and silver actually has important industrial uses.
I'd go with about 100oz silver and atleast 1oz gold. That's what i'm packing now. Might go for another ounce of gold, but doubting if should put it in crpyto instead.
Can I join the party fellow boomers?
I'm looking on apmex and jm now. Whats the process for this shit? Can i simply check out and have it sent to my doorstep? i see storage options and other bs and im curious what the upkeep is with reporting stuff and their bs
ps theres a jooocy 5kg geiger plate for 2850 im checkin out jmbullion.com
dont snipe it from me now.. but is that a good deal?
Damn OP that image have we met ? lmao
>me_irl.jpg
but i play cs 1.6. now that is a real game.
plz come back user i could use ur insights into getting metals safely
Buy gold, don’t even touch silver. You will have ragrats ever buying coins. I like jmbullion
legally stick to gold / silver eagles. they have no reporting requirement limits.
also the premium you pay is because the market instantly recognizes these coins...buying a nigerian silver bar is only going to be a hassle trying to sell to nig under freeway in post-collapse.
I am unironically a Financial Advisor at Merrill Lynch based in NYC, I make a living advising old fucks and boomers on traditional investments.
Tell me what the options are in your 401k, I will tell you which ones are in a better position to withstand the upcoming correction/recession.
What game is he playing?
I'm an actual 30yo boomer but i can't recognize it
woah based. will upbload img's now.
could give a fuck if you see any of my companys shit there btw theres 150k+ of us
Motherload, now that was a real mining game.
Simple. They're rare and needed for things like electronics and spacecraft. The current world supply is dwindling fast. Most of it is held by private bankers. Yet it's extremely cheap to buy now. So you buy and hold, then fiat gives out. You now own a commodity worth indescribable amounts of money, so you're not only protected but better off.
so lets say this goes down the shitter like 2008, what would the price of gold in your target be? how should my metalfolio go, 50/50 gold/silver?
Your options are insanely limited. Consider FBAKX and PIRMX, they're 60/40 so decently balanced you'll catch some upside before the correction.
Also consider holding some of your position in cash if you're really worried about loss.
Lastly and most importantly, call your plan administrator and ask if they allow for "in-service rollovers." If yes get your money out and into an IRA that you can control with way more investment options. If they don't allow for it then consider reducing your contribution to the employer match and route the remainder into a Roth IRA or CMA where you have more than 30 options, half of them being shit indexes and Target funds that rape you in internal expenses.
Good luck user.
This is Merrill FA user by the way, handle changed cause I left the office for the day.
Who was the final boss of that game? I never beat it
long before you are able to retire your 401k will be raided out of existence by seething socialists. unironically shut it down, pay whatever penalties, and put all the money in bitcoin
thank you fren. much appreciated
it wont even let me without leaving my corporation afaik. i tried to review my withdrawl/rollover and i was told not elligible kek