How can I protect my money in light of the coming financial collapse?
May 20, 2014 11:04 AM Subscribe
There has been a lot of talk about an imminent financial markets bubble
and I find that I am heavily invested in the S&P500 through an IRA (rolled over from a 401K after I was laid off). I also have a relatively small amount invested through a standard brokerage account, but the majority is in the IRA. I don't know jack about sigma events or black swans, but I can recognize when the chatter is starting to form a cohesive message. I also know that I have a ton more exposure now than in 2009. In fact, the post crash boom years have been quite good to me. My question is obviously, is there a proven strategy to protect against a coming financial crash? At what point do I pull the trigger and put everything into bonds? Is there a hedge against a collapse? My fantasy is that I pick the right time to pull everything and then clean up post crash on rock bottom blue chip stocks.
posted by MajorDilemma to Work & Money (14 answers total) 11 users marked this as a favorite
More info: I'm 38, currently single and childless (though I really hope that changes before 40), and while I am currently unemployed I fully expect to be gainfully employed soon making a very good salary.