Move it to precious metals or assets that historically average flatter value through crashes. The dollar is highly volatile in economic crisis.
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inclementimmigrant@lemmy.world 1 month ago
Maybe time to move retirement accounts into cash.
Jyek@sh.itjust.works 1 month ago
bridgeenjoyer@sh.itjust.works 1 month ago
I’d do this but its probably the wrong move. I tend to go with the steam method: do nothing while everyone else scrambles, profit.
Griffus@lemmy.zip 1 month ago
Or invest in non-US to keep them safe. Like Norwegian funds while the orange is oranging to gain on the oil price boom, and then spread out to European and emerging markets when he has his first public stroke in a few months.
Skankhunt420@sh.itjust.works 1 month ago
I’d be shocked if any other country let’s Americans use their banks and markets but I mean I guess its possible I know there’s forex and stuff like that.
I’ve always heard no one wants Americans to open bank accounts if they aren’t living there
Griffus@lemmy.zip 1 month ago
You have to be able to invest in stocks or funds outside US from a US trader? Even though I’ve sold most of my US assets, I still own some US stocks through my Scandinavian bank.
Krauerking@lemy.lol 1 month ago
Meh, I’m poor and have no assets at all. Guess I just die.
Scrollone@feddit.it 1 month ago
Cash will lose value just exactly as the money in your account.