Investment questionOne of our readers asks:
For a person who has 401k and IRA and positions in the stock market, where do you recommend placing your assets out of harm’s way for upcoming future events and keeping them in the continental United States?
Thank you.
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You need to help us understand what you mean by “placing assets out of harm’s way”. If you own stocks and or bonds then you have risk (harm).
I think your reader who wants to know the answer to “out of harms way” means out of Obama’s reach. I have the same question.
If your time horizon is only for the impact of Obama over the next two years then:
a. Your view is too short term (IMHO) and
b. There are other factors that will have as big if not bigger impact on markets than Obama. What did you do to protect yourself from Bush??