Title: Fiscal Cliff

By hammledge1, September 10, 2012

I asked my IRA manager what his plans are to prepare my IRA for the upcoming fiscal cliff impacts beginning January 1, 2103. He said, ”stay the course, maintain our current diversifiction and allocations.” My gut is telling me to withdraw all of the investments except the gold, silver and Kinder Morgan positions and park them in cash until early spring and then re-enter cautiously when we see what is or is not happening.
Any thoughts would be appreciated.

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Travis Johnson, Stock Gumshoe
I can’t tell you what to do, of course, but it’s not my inclination to try to time the market and move in and out based on “big picture” events like that. It’s far too unknowable what impact, if any, the “cliff” or the legislative response to it will have on the global economy or the stock market. If the economy does collapse for tax reasons, I expect gold and silver would collapse with it — the cliff won’t make people feel the world is going to end and rush out of the dollar, it will just make them fear… Read more »
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