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Name:	greycove -	Reply
Subject:	Worried about investments?
Date:	7/28/2011 9:36:11 AM

Wondered what forum members are doing in terms of investments given what is going on in Washington. Anyone ducking for cover in CD’s, bonds, U.S. Treasuries, gold, etc. Is anyone emptying or reducing IRA’s, 401k’s, etc? Wondered if I should move my $27 to a tin can buried in the back yard.

Name:	Lifer -	Reply
Subject:	Worried about investments?
Date:	7/28/2011 9:55:08 AM

I would hide the $27 of paper money under the mattress and take the tin can to the scrap yard for whatever I could get....lol.

Name:	Summer Lover -	Reply
Subject:	Worried about investments?
Date:	7/28/2011 9:57:12 AM

Move the $27 to items that have intrinsic value - food, water, firesticks, lead, and brass. Non-hybrid seeds, water filtering/purification supplies, containers, fire starting materials, first aid kits are also good investments.

Name:	Barneget -	Reply
Subject:	re IRA/401k
Date:	7/28/2011 9:59:50 AM

I too am concerned about the safety of our nest egg. A few years back, during the gold rush days, we leveraged all to acquire a local business. God smiled on us and we now have most all of the pledged collateral released, yet still sitting in IRA and 401 accounts. Seeing again a great deal of buzz, all across the spectrum about federal plans to essentially confiscate these savings. Last year, the unions were advocating this program to help assure their own pension solvency. Now, the talk is about conversion to "Patriot Bonds" to assist with federal debt. The numbers reported are combined IRA/401 values in excess of $16 trillion, and a 30% conversion to federal bonds enabling additional spending of nearly $5 trillion. I can move to funds dominated by Swiss francs but they are still domestic plans. Still undrage so if I move out, I face tax and penalties. Alot to go through for 12 bucks and change. Worth it if I can avoid paying for copperlines medicaid.

Name:	Pontoonfisher -	Reply
Subject:	Worried about investments?
Date:	7/28/2011 10:22:51 AM

Shortly after July 4th I moved all investments into low interest safe accounts fearing everything would play out like it has this week. Washington will screw this all up. Just looking at all this as another oppurtunity to make more money just like March 2009 was.

Name:	Summer Lover -	Reply
Subject:	Do you have a favorite recipe
Date:	7/28/2011 10:33:00 AM

To cook those dollar bills, and do you use a rub or a liquid marinate?

Name:	lakngulf -	Reply
Subject:	Do you have a favorite recipe
Date:	7/28/2011 10:46:30 AM

What is the problem? Mr. Obama will take care of me

Name:	Summer Lover -	Reply
Subject:	Darn
Date:	7/28/2011 11:23:46 AM

Sorry LNG, I forgot all about that - I will now resume my "deer in the headlights, DC is Mecca, oblivious stare."

Name:	greycove -	Reply
Subject:	Pontoonfisher
Date:	7/28/2011 12:32:23 PM

Did you get slammed with capital gains taxes? If not, how did you avoid (legally)?

Name:	Mack -	Reply
Subject:	re IRA/401k
Date:	7/28/2011 12:57:32 PM

Under that plan, wouldn't Investment Houses like Fidelity, T.Rowe Price, etc get slammed and squeal loudly?? Can't imagine those giants in finance going quietly into ruin.

Name:	Pontoonfisher -	Reply
Subject:	Pontoonfisher
Date:	7/28/2011 2:14:47 PM

Sold all my stocks that I purchased in March of 2009. I'll take the hit on the long term gains. Moved my 401K out of stock funds into safer low interest funds. There is just way too much negative than positive right now. Time to head to the sidelines.

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