New York Times business columnist Ron Lieber has a few suggestions on how investors can survive the current economic climate. He’ll be taking your calls today at 212-433-WNYC.
You can read Lieber’s "Your Money" columns in the Times here.
You can read Lieber’s "Your Money" columns in the Times here.
Guests:
Ron Lieber
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Comments [9]
Sorry for my rushed typing. I meant, what about an IRA in precious metals, gold, silver, etc... ?
I procrastinated allocating my 401k when I started my job in 2007, and just stuck it all in a money market. Soon after that, the downturn started, and so I left my money in the money market. How do I know when to start allocating my 401k back into the market, considering I'm not trying to ride out losses?
What an IRA in about gold? Sivler? Precious metals?
I got tired of my mutual fund admin. selling off the underlying stocks 100% every year. I'm a buy & hold person. For 2-3 years I bought stocks & ETFs for my SEP IRA account. Now I have a Solo 401(k) and I'm back to buying mutual funds @ Vanguard.
I suggest a brief discussion of fee-based vs. commission financial planners.
You need to ask for references and speak directly to some of his clients. There are many ways to research an advisor's credentials and litigation history.
There are still many financial advisors that can be trusted. Please do not put that negativity out there. I work with an advisor who is trustworthy.
What about putting money into high quality collectibles, things that one can be confident will hold their value?
Sorry.... somewhat off topic: What's the song in the promo for this segment? It sounded like a big band version of Pink Floyd's "Money". Who's performing it?
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