riskadverse
Full time employment: Posting here.
- Joined
- Oct 21, 2002
- Messages
- 717
Hi - I'm 57 and have been retired for about 1 & 1/2 years. I spent all my working years accumulating wealth and now I'm getting a little nervous watching the trend reverse. Specifically I'm worried that investments in the stock market - which already make me nervous - and surely inflation protected bonds - won't be able to offset the erosion of the buying power of the dollar. Even if the market goes through the roof (and I have the stomach to remain invested), I'm going to be taxed on the capital gains - and combined with the erosion of the dollar, makes me think I'm only going to be treading water. I'm starting to look at Swiss bank accounts, FOREX and (eek!) gold.
Am I just being "chicken little" or does this bother anybody else? If I'm not "chicken little", give me some ideas for getting around the problem.
Am I just being "chicken little" or does this bother anybody else? If I'm not "chicken little", give me some ideas for getting around the problem.