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RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 07/04/11

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Thu, 04/07/2011 - 07:12 | Link to Comment MisterAmbassador
MisterAmbassador's picture

Would any of you have any suggestions about what I should advise my mom to do with her 401k?  What would be best to allocate it to?  I'm not very familiar with 401ks.  I think she has an IRA too.

She hates it when I go into the doom and gloom stuff, but I don't want her to lose it all.  I'd just withdraw it all and buy gold/silver, but she isn't comfortable doing that; taxes would be ridiculous on doing that, anyway.  I don't really know what to do with it.

Any suggestions would be much appreciated.

Thu, 04/07/2011 - 07:19 | Link to Comment SilverDOG
SilverDOG's picture

Educate without fear.

Buy Pm's.

A penalty(tax) in a losing game, will become irrelevant.

Do NOT follow this link or you will be banned from the site!