/biz/ - Business & Finance

Time for bed gramps

youll prob pay more in withdraw fee + tax than the market will drop

>>10979926
>God
Fuck off kike.

>>10979926
>I unironically feel God is telling me to do this. I will pay 40% in taxes on the withdrawal, but believe the market will crash more than that within the next year. Likely 6 months.
>Am I crazy?

No. Lots of people do this. Just be prepared for nothing happening and be in position to long 100x the bolivaran peso

kill yourself traitor

>>10979926
Yes, you're crazy. I would rate the probability of the U.S. going truly Mad Max at essentially 0%. If the U.S. went Mad Max, you should be loading up on guns (AR-15, Mossberg shotgun) and ammunition, gasoline, spare parts for your car, drive flat tires, and canned/preserved foods. Gold will not be worth anything in a Mad Max scenario as civilization will cease to exist.

On the other hand, if you're worried about financial mayhem, leave the money in the IRA and buy something like PHYS, SGOL, or GLD so you can avoid getting taxed.

>>10979926
No I feel the same. All the Buffett indicators are flashing according to ZH and emerging markets currencies are crashing. It's happening.

>>10979926
Not at all. Listen to GOD. Pay no attention to fedora-wearing atheists and doubters. Waste 40% of your savings on a whim.

>>10979926
yeah you are nuts

>>10979926
I already did the same thing but with silver and ChainLink and I'm relatively normal. Do it, pussy.

>>10980212
if it all goes to shits you dont want to survive

>>10979926
Im 27. Ive been thinking the same thing. Ive got a fucking ton of guns and food already... but i feel like the markets gonna crash and i want to position myself well for the recovery. I cant touch my 401k tho since jewberg thinks he can invest better then me.

But i have been contemplating a loan to pull 50% of it and put it in things which i think will hold value. If im wrong that sucks i can build it back up. If im right, im right big.

Regardless, paying back said loan im basically paying myself for money i owe myself.

So i dunno, but im with you man.

>>10979926
Not at all my child, come an live with me in Montana. We will await the Collapse together

>>10980442
And keep your rifle by your side.

>>10980542
>this is my rifle, there are many like it, but this one is mine

>>10979926
If your investments are not in the millions or billions don't even bother. The tax alone will eat it all up. You're bound to make money in the long run anyways, recession or no recession.

>>10979926
You should short the entire US Stock Market then. If you're really right then you'll come out far ahead of everyone. You won't do that though because you really just want to justify collecting gold and guns and fantasize about surviving in a destroyed America.

>>10980359
This. Eat up whatever food you’ve got lying around then kill yourself is the only real answer. 99.999% of people will either die a quick death or a very slow and horrible death and why risk the latter?

>>10980359
Stop projecting your personal death wish onto others. Thanks

>>10980418
>I cant touch my 401k tho since jewberg thinks he can invest better then me.
You knew that when you signed up, it's a savings plan for retirement. If you don't like it, don't make one, idiot.

>>10980442
I always wanted to see Montana.

>>10981756
Literally no other option was given at my job. It was 401k or fuck off, so no choice really. Working for the goverment sucks sometimes

>>10982622
That's because 401k's are a scam

>>10982679
kek

>>10979926
Buy propane and a propane generator

>>10981735
i dont have a death wish just realistic
livibg after shtf woukd be a horrible experience and unlikely anyhow

>>10981222
the trips of truth