? What To Do with Assets

[macpreacher]

I turn to you who seem to have a better understanding of finances than I to answer a rather simple yet complex question. What, in your estimation, is someone to do in this economic crisis we face if they have no debt and some assets?

[denny272]

I turn to you who seem to have a better understanding of finances than I to answer a rather simple yet complex question. What, in your estimation, is someone to do in this economic crisis we face if they have no debt and some assets?

You're most likely better off than most. For the moment.
Unless your assets are tied to unstable stocks or the housing market which could both crash and leave you with no assets.

If your assets are liquid cash, I would stock up on food and emergency supplies. If you wait and hold on to your money so long that there is nothing left at the stores to buy, then your not any better off than the poor. You can't eat your money.

I'm not an economic stratagist, but I can see were the economy is going. My best advice is to take steps to make sure you don't starve in case a crisis arrises soon.

[lilbitsyspider]

I would agree that you are better off then most. Continue to be a good steward, and don't spend extra money on things you don't need.:hat

[Anddra]

I think God does look after us when we get our priorities right...

But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you. Matthew 6:33 (KJV)

[Tall Timbers]

As said, stock up on emergency supplies, put a month or two of cash in the house, maybe buy some gold and/or silver coins. Then if the banking system collapses you've at least got something for a little while. Don't overdo anything... all things in moderation.

If you have lots of money in the bank you might consider paying cash for land someplace where property taxes are low, land that might be suitable for crops... and I think that owning stock in companies is probably safer than being in cash or bonds... as long as they're very solvent companies without debt or very little debt. They may go way down, but can go back up again if you just sit on the holdings.