3 ms·
After hearing recently that oil is very likely going to $160 per barrel or more, I knew that I had to get out of the S&P500 in my 401k (FXAIX) and similar growt
by chasil 4mo ago
After hearing recently that oil is very likely going to $160 per barrel or more, I knew that I had to get out of the S&P500 in my 401k (FXAIX) and similar growth funds in my Roth.
He really laid out the case for alternate funds in real estate and mortgage securities, with a bit more precious metals.
I really didn't want to lose the gains I have made over the last year, and I think this will do it.
- chasd00 4mo agoWhen oil hits even $145/bbl come back here and say “I told you so”. Until then I firmly believe oil will never get to anywhere close to $160/bbl.
- chasil 4mo agoThe timeline for that is mid-July. https://www.brookings.edu/articles/the-timing-of-the-impending-crude-crisis/ https://www.brookings.edu/articles/the-timing-of-the-impendi...