No. of Recommendations: 1
<If the Fed floods the banks with cheap money (essentially "printing money"), the value of the dollar can decline, eating into your nest egg.

I'm not knowledgeable enough about investing in foriegn currencies to make a big swing in that direction and I have as little faith in the soundness of financial reporting in foreign countries as I do with American countries so there aren't many easy, obvious, attractive alternatives.>

I agree with you completely.

The doomsday scenario investment, as we have heard so many times, is gold. However, gold is just another commodity, with no yield and a high cost of converting into cash that can actually be spent.

As you say, no easy answers.
Wendy
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement