Since the first of the year our IRAs have lost almost 15%! We are meeting our financial advisor next Tuesday, what do we do? Invest in US I bonds, which is paying good interest due to inflation? Put the $$ in our mattress? Invest in Ivermectin?
We are both 66, should be no penalties if we take money out. Currently our pensions and SSI cover our bills, and a comfortable lifestyle. But we don't want to keep losing money. Thanks for your input, be it thoughtful or silly.
I’m a Marxist. I hate everything about the stock market sham. Don’t ask me anything. I will never be part of the system, I will forever be the part that gets abused by the people at the top. It’s how I roll. But at least I fully understand that and just eschew the whole “join them” part. I cannot stand mutual funds and the robbery it’s done to retirement systems and how it’s chained everything to the market lies. Try to divest in absolute horror shows and, nope, not gonna happen. The whole thing is smoke, mirrors, and lies. I have an old school ethical mind in a very unethical world. I only value land and water rights. I will add that the oligarchy is snapping up those things. Just FYI where they see the future going. Sigh.