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<blockquote data-quote="GeneralPike37vs26" data-source="post: 4700578" data-attributes="member: 85963"><p>Thanks [USER=61439]@DriverNerd[/USER]. I knew I was doing something wrong. I stopped contributing to my 401k 4 years ago and took what was in and moved it over to the SMA with BNY Mellon. This information was for some of the guys at work. A couple of the pre-loaders and drivers were asking about the 401k.</p><p>I told them the same thing. Get out. Theres no match on your contributions, its low risk/reward, the bond markets going to take a <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />, theres not really any freedom on where and when you can put your money, fees, all 401k are eventually going to become Roth's.</p><p>I have another question for you folks. What sectors do you guys/gals/people invest in? I'm a little worried about the impending doom of the perfect storm of a market collapse. Whats your hedge against inflation/ depression, (last September yield curve inverted), dollar collapse. I know the general thought is gold/silver, precious metals. The time to invest in those were June 2018- to July 2019, anything after that theres a high chance of being upside down. (COT reports)[ATTACH=full]319754[/ATTACH] The metals the past 6 months have been pretty volatile. I'm a bit skiddish about jumping on board a train thats close to the end of its cycle. Gold bull markets usually only last 2-7 years.</p></blockquote><p></p>
[QUOTE="GeneralPike37vs26, post: 4700578, member: 85963"] Thanks [USER=61439]@DriverNerd[/USER]. I knew I was doing something wrong. I stopped contributing to my 401k 4 years ago and took what was in and moved it over to the SMA with BNY Mellon. This information was for some of the guys at work. A couple of the pre-loaders and drivers were asking about the 401k. I told them the same thing. Get out. Theres no match on your contributions, its low risk/reward, the bond markets going to take a :censored:, theres not really any freedom on where and when you can put your money, fees, all 401k are eventually going to become Roth's. I have another question for you folks. What sectors do you guys/gals/people invest in? I'm a little worried about the impending doom of the perfect storm of a market collapse. Whats your hedge against inflation/ depression, (last September yield curve inverted), dollar collapse. I know the general thought is gold/silver, precious metals. The time to invest in those were June 2018- to July 2019, anything after that theres a high chance of being upside down. (COT reports)[ATTACH type="full"]319754[/ATTACH] The metals the past 6 months have been pretty volatile. I'm a bit skiddish about jumping on board a train thats close to the end of its cycle. Gold bull markets usually only last 2-7 years. [/QUOTE]
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