The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate.
I will say, that I moved all my entire 401(k) balance into international market funds, and out of anything based in the United States. Currently, my returns are killing it. I realize that a few months is not a firm or lasting indicator, however, I do feel it is both telling, and a very good sign, for my finances at any rate.
I moved 1/3 into international funds (VWICX), but the expense ratio is much higher and I can’t tell whether it’s offsetting any gains. Are you willing to share which funds you’re invested in?
I mean, I don’t have any money saved up so like jokes on them…
…but also yeah it is clear to me that the world is going to de-dollarize in terms of the US dollar being a financial reserve currency, but nobody not even people who hate the US (what could you ever be upset with us about???) wanted the de-dollarization to happen this fast and violently but I think a lot of powers that be in the global economic system are realizing they can’t wait.
It is going to cause a lot of hurt, and it is wise of you to get your money as far from the US as you can because the signs are pointing in my opinion to a great depression right now in the US. It still can be avoided or mitigated, but those things are not happening, the opposite is happening at an accelerating rate shrugs.
I will say, that I moved all my entire 401(k) balance into international market funds, and out of anything based in the United States. Currently, my returns are killing it. I realize that a few months is not a firm or lasting indicator, however, I do feel it is both telling, and a very good sign, for my finances at any rate.
I moved 1/3 into international funds (VWICX), but the expense ratio is much higher and I can’t tell whether it’s offsetting any gains. Are you willing to share which funds you’re invested in?
Absolutely:
Thank you so much.
I mean, I don’t have any money saved up so like jokes on them…
…but also yeah it is clear to me that the world is going to de-dollarize in terms of the US dollar being a financial reserve currency, but nobody not even people who hate the US (what could you ever be upset with us about???) wanted the de-dollarization to happen this fast and violently but I think a lot of powers that be in the global economic system are realizing they can’t wait.
It is going to cause a lot of hurt, and it is wise of you to get your money as far from the US as you can because the signs are pointing in my opinion to a great depression right now in the US. It still can be avoided or mitigated, but those things are not happening, the opposite is happening at an accelerating rate shrugs.