Questions for Our Endorsed Financial Advisor
Given the head-scratching nature of today’s markets (overinflated, impervious to data, swayed by Fed-jawboning), we’re asking the partners at New Harbor Financial, our endorsed financial advisory firm, to share their answers to the questions the Peak Prosperity audience cares about most.
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is there a way to invest in short term T-bills inside of an IRA or QRP?
Wed, Jul 17, 2019 - 03:50pm#3
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Joined: May 19 2018
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, is Cash just sitting in your brokerage account likely to be confiscated by the government in case of a crisis even if it is not in a money market account? cash be confiscated by the Banks or government if there is a financial crisis?
I am concerned because cash just sits in my brokerage account after my 1-month t-bills become due. I am not in any kind of a money market account. I understand that many brokerage houses are banks and that the likelihood is that any cash in there would be confiscated in a crisis. If it is likely to be confiscated, I am wondering if having the T bills on automatic roll over or something else would prevent it from happening?
Can you point to any signs that investor psychology is shifting in the direction of pessimism and a paradigm shift? Are there signs of a shift in investor psychology that you would be expect to see but aren’t?
Looking at the curve of the US deficit y/y, vs the GDP, it looks to me like they will cross –and the deficit exceed the GDP in about five years.
Now, for myself, if my total expenses exceeded my income, I have a good idea what that will do. But for the US government, the answer isn’t so clear.
What prognostications are likely to be thrown screw-balls as we approach such a crossing, if any?
We may not have a history of the US crossing this situation before, but many other countries have had it happen, so I’m hopeful you can come up with a real answer.
These days everyone seems to wants to have a hand in your pocket. I’am certainly not accusing anyone of anything, but changing financial advisers in mid stream seems like the wrong thing to do. We have been with TIAA-Creff for years, and although their return of an average of 4% seems rather paltry it has been consistent over the years, and we rely on it along with our SS. I am 75, my wife is 66. We could do well if things stayed the same, but that’s unlikely I know. We also have roughly $50,000 in PM and in a mining mutual fund (Toqueville). We have a huge garden, own our house, and live rather simply, but with climate change, even here in Maine, crops do not behave like they used to. We need to do more with high tunnels, seasonal extension and neighborhood exchanges. Would love to hear from anyone advice on what else we could do. Thanks so very much! Ron