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Old 05-13-2010, 06:02 PM   #21
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The most stressful period for portfolios was not when equity prices dropped in the past. Those episodes are fortunately short lived. The SWR busters in history are a combination of flat to modestly down equity markets combined with galloping inflation. That would gut an all FI portfolio unless it was TIPS. At the very least, you would want a slug of commodities/commodity producers to go with your FI to offset this risk.
In this scenario I would look into expating. I'm sure there would be somewhere I could go that would either have better job opportunities or where my dividend income would go further. Buying some gold via etf has been something I have been considering since the crisis started.

I'm curious for anyone that has bought and sold gold in a taxable account, was it easy to handle on your taxes? I'm guessing in turbo tax there is a section for "collectibles" and you would put the sale there and pay 28% on it.
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Old 05-13-2010, 06:27 PM   #22
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I'm curious for anyone that has bought and sold gold in a taxable account, was it easy to handle on your taxes? I'm guessing in turbo tax there is a section for "collectibles" and you would put the sale there and pay 28% on it.
Most people I know buy 1 oz coins (gold/silver) with cash and sell 1 oz coins for cash. Taking possession is the most fun otherwise buy the goldmine stocks.
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Old 05-14-2010, 12:11 AM   #23
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I sold a couple coins a couple days ago at a local coin shop. Fellow paid cash.
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