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>mutual funds Vanguard offers many low-fee mutual funds. Non-depreciating: The long-term return of stock indices and some bond indices beats inflation. Attai

>mutual funds Vanguard offers many low-fee mutual funds. Non-depreciating: The long-term return of stock indices and some bond indices beats inflation. Attainable: $1000-$3000 minimum to open an account Liquid: Funds can be bought or sold easily (with no fee), money is accessible via ACH. I hope you are not suggesting that gold is a better investment than a diverse portfolio of stocks and bonds.

awt 12y ago
Gold ETFs are fubar. Gold itself is not very liquid. There are all sorts of prohibitive fees and tax penalties for taking money out of a 401k or a mutual fund before a certain date. The barrier to accessing the value represented by any mutual fund or 401k holdings is substantial. It took me months to move money from one dead 401k to another one I controlled. Imagine the amount of effort required to spend $50.00 of a 401k on groceries.
zo1 12y ago
They're still based on or valued in USD, which is what the OP wanted to avoid. A lot of good those USD-valued mutual funds are going to do for you when they're worth peanuts due to a devaluation of the currency or its buying power. "I hope you are not suggesting that gold is a better investment than a diverse portfolio of stocks and bonds." There are a lot of people that believe a big government/market crash is coming. And they're absolutely desperate for ways to weather it without eating their own toes off.
- kasey_junk 12y ago
  "There are a lot of people that believe a big government/market crash is coming. And they're absolutely desperate for ways to weather it without eating their own toes off." Those people would be best served by buying ammunition.
kasey_junk 12y ago
"Liquid: Funds can be bought or sold easily (with no fee), money is accessible via ACH." Just as a heads up, most finance folks don't consider being able to buy/sell something easily as the only bar to liquidity. Volatility is also a major component. That is, if something can change value dramatically from day to day it can be considered "illiquid". So lots of people do not consider mutual funds "liquid".

awt 12y ago

Gold ETFs are fubar. Gold itself is not very liquid. There are all sorts of prohibitive fees and tax penalties for taking money out of a 401k or a mutual fund before a certain date. The barrier to accessing the value represented by any mutual fund or 401k holdings is substantial. It took me months to move money from one dead 401k to another one I controlled. Imagine the amount of effort required to spend $50.00 of a 401k on groceries.

zo1 12y ago

They're still based on or valued in USD, which is what the OP wanted to avoid. A lot of good those USD-valued mutual funds are going to do for you when they're worth peanuts due to a devaluation of the currency or its buying power. "I hope you are not suggesting that gold is a better investment than a diverse portfolio of stocks and bonds." There are a lot of people that believe a big government/market crash is coming. And they're absolutely desperate for ways to weather it without eating their own toes off.

kasey_junk 12y ago
"There are a lot of people that believe a big government/market crash is coming. And they're absolutely desperate for ways to weather it without eating their own toes off." Those people would be best served by buying ammunition.

kasey_junk 12y ago

"Liquid: Funds can be bought or sold easily (with no fee), money is accessible via ACH." Just as a heads up, most finance folks don't consider being able to buy/sell something easily as the only bar to liquidity. Volatility is also a major component. That is, if something can change value dramatically from day to day it can be considered "illiquid". So lots of people do not consider mutual funds "liquid".