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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,888
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Quote:
Originally Posted by RWebb
No. Not for hard assets.
The only thing is likely to gain value over & above inflation and has reasonable diversification is a basket of stock mutual funds.
You want good mgmt and the lowest costs. Vanguard.
search on that for more advice from me, Paul, and other diverse people...
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Since my name was brought up...I USED to be heavily into equities (stocks), but now I'm merely into preservation mode, NOT looking for good gains as the economy itself heads south. No idea when, if ever, we will see free enterprise flourish in this country as it has in the past. Cindy & I are now 70% fixed income, and only 30% stocks. Most of the "fixed income" is in Treasury guaranteed securities. GNMA...NOT to be confused with Fannie Mae or Freddie MAC. Also Ibonds.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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