Q: On Feb 26 Tamara submitted a concern about the doom and gloomers and her positive approach to investing in spite of their opinions. We too remain invested: 50% in farm land and 50% in stocks (of this 75% is in blue chip dividend stocks and 25% in higher risk stocks that we are transitioning out of and adding to the blue chip category as we near retirement age). Your guidance on sector allocation has been invaluable.
Of concern to me is this:
1. on a scale of 1-10 where do you rate the potential for a world wide currency collapse. I have read it is not if but when.
2. I cannot get my head around what this would look like. For the average person what would be the impact to daily living. It seems in Canada we remain fairly "sheltered " from physical harm.
3. I have read it is advisable to hold gold for safety in economic uncertainty. So gold stocks or the commodity - actual physical gold? How would one use it to buy what we need daily? That is another thing I can't get my head around. It just seems impractical. How does one buy gold?
4. Which is the better option in this uncertain economic climate: to be fully invested, to hold cash, to hold gold, to hold a combination of these and in what ratio.
We remain positive in the future and fully invested but are we on the right track? Is there something we and other readers should be doing to weather what the world economic factors may send our way. Your comments would be appreciated.
Lou
Of concern to me is this:
1. on a scale of 1-10 where do you rate the potential for a world wide currency collapse. I have read it is not if but when.
2. I cannot get my head around what this would look like. For the average person what would be the impact to daily living. It seems in Canada we remain fairly "sheltered " from physical harm.
3. I have read it is advisable to hold gold for safety in economic uncertainty. So gold stocks or the commodity - actual physical gold? How would one use it to buy what we need daily? That is another thing I can't get my head around. It just seems impractical. How does one buy gold?
4. Which is the better option in this uncertain economic climate: to be fully invested, to hold cash, to hold gold, to hold a combination of these and in what ratio.
We remain positive in the future and fully invested but are we on the right track? Is there something we and other readers should be doing to weather what the world economic factors may send our way. Your comments would be appreciated.
Lou
