Relocating... my money.

[SnowGoose]

I spent some time thinking about the pro's and cons - the dollar is low, so my retirement savings is worth less now, maybe it'll go up, maybe it'll go down...

But then it occurred to me that I just don't want to support or enable more of the rightwingers/corporatists. I guess I don't care anymore if I take a hit, I'm calling my IRA people and transferring my retirement funds into the "Foreign" fund.

Make of it what you will. I'm not a very sophisticated investor, and I know that corporations abroad are most likely just as corrupt, but at least they can't contribute directly to the RNC. And I just don't see a lot of prosperity for the USA in the next 4 years.

[wabeewoman]

1. You can put it in Euros and Canadian

or any other currancy. I found a website and get a newsletter from an American country that puts your money in CD's in other currancy. Another option is gold.

[Union Thug]

2. wow..can you share the info with me?

[still_one]

8. euros are much more stable than gold, and less risky

[ilovenicepeople]

3. Invest in Euro's while your dollar still can buy something.

[lindashaw]

6. We converted our last large IRA into cash and bought short term

CDs. We thought about buying some Euros with it, but my husband travelled abroad a lot in the 90s. You can do very well on dollar/euro conversion, but sometimes it works against you bigtime. My advice is to get expert advice from someone you really trust to know what they're doing. Otherwise, you could really lose everything.

But I agree with the poster's premise. The dollar is going down in a big way. We have bought some farmland (cash) with some, because it won't depreciate. But taking money out of an IRA leaves you with a tax liability, so it has to be done carefully.

Good luck to everyone trying to protect their nestegg. Goodness knows, we will never go back to the good days, not in our lifetimes.

[FloridaPat]

4. Yes, please share this information.

[deminks]

5. Money

I would say gold, silver, platinum, or your mattress.

[MAINELEFTY]

7. I'd recommend not spending

a dime more than is absolutely necessary to get by. If every dem did that, the economy would tank ten times faster than it already is.

[tedzbear]

9. I invested in an African gold mine, AU on the NY stock exchange.

I don't want my savings in dollars at this point.

[amazona]

10. ING is dutch-owned but you're still in dollars

You probably already know of the "orange spot," but ING has a very good interest rate, it's FDIC insured, you have the convenience of banking here, but it's actually Dutch owned. You can have a savings account or buy CDs.

I'm going to try to link you:

http://www.ingdirect.com/osa_work/

I have quite a substantial investment there considering my very low income, so I do believe in them. I don't think you can get more "unsophisticated" an investment than a savings account or CDs, but I think it's relatively safe.

Buying gold or, heaven forfend, buying into some African gold mine (and perpetrating God knows what misery there) is not my idea of a secure investment. Gold and platinum are already quite high; indeed, platinum is ridiculous, if you ask me. But I've never been happy about the returns (lack of) on my heavy metals investments.

With the dollar so weak, the interest rate so low, and the lack of returns so poor in the stock market, I also believe that your best investment can be to pay off your home or any other debt. It depends on your analysis of how likely your home is to be at risk in civil disruption (war, more acts of terror, etc.) that are not covered by homeowner's insurance because you will have a total loss if, for example, a nuclear bomb is dropped in your neighborhood.

It's horrible that we even have to be thinking like this...but we had to have similar considerations in the 80s when no one knew if Reagan was going to entirely lose it and start lobbing nukes...and we muddled through. We've had madmen as leaders before and will again. We have to hold onto our courage.

Maybe you can tell that I'm relatively unsophisticated in my investments too. You take a huge hit buying euros with dollars these days, so I think we missed the boat on that one.

[trekbiker]

11. Diversify

I really thought the nightmare was over during the Clinton years and when the national debt started coming down I was pretty happy. But now... Bush and the NEO fascists are running this country into the ground. The Debt will likely hit 9+ trillion by the end of this next term which is a number that Bush's dipshit Fundy X-tian supporter's can't even comprehend.. They have really screwed themselves (and us). I will laugh at them as they greet me at Wallmart in Bush's new economy.

Rove and the Lunatic NeoCon dream of bankrupting and privatizing all social programs is now on a path to success. Can you imagine the damage a Lame Duck Bush can and will do?? Can you imagine the Supreme Court 4 years from now??? Too bad, now I have to go into "self preservation" mode and look out for NUMBER ONE financially.

DIVERSIFY. Spread some of your investments into Asia and Euro funds. Canada too. Inflation protected bonds are ok. Gold?? some of my smart money friends have been buying into gold for the last year but it makes me nervous. Canadian Energy Trusts?? Have done well there and it's a small part of my diversification. Real Estate??? not sure. Values are high now and dependent on interest rates so a correction is coming. But I'm leveraging and locking in a LOT of debt at the lowest interest rates (FIXED) we'll likely EVER see again once the Govt is forced to start printing money like there's no tomorrow. Will this happen?? Wait till the Asians and Euros quit financing our debt and see.

the "Great Society" is FINISHED. Reagan started the ball rolling 24 years ago towards a NeoCon Libertarian "Survival of the Fitest" Orwellian state. Now??? Winter is coming...