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/biz/ - Business & Finance

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55057055 No.55057055 [Reply] [Original]

I'm worried about a huge market crash and my 401k is 90% stocks.

Is taking out a loan a smart or stupid idea? I'm planning on continuing to work for this company for at least 5-10 more years.

>> No.55058432

>>55057055
Just send me the money and blow your brains out

>> No.55058566

>>55057055
Just send me the money and blow your load into my mouth

>> No.55058616

>>55057055
>550..055
Yes pull it all out and buy silver.

>> No.55059500

>>55057055
I have been pondering the same thing, anon.

If the USA does indeed default on it's debt, we would see a significant uptick in interest rates, meaning the dollar gets more valuable. However, we would also see currency rapidly return to the US from foreign nations, which would locally make the dollar less valuable. We would likely see stocks take a hit with rising rates as companies divert more cash flow to pay down loans, making the dollar more valuable, but also would likely start seeing consumer goods (gallon of milk/gallon of gas at 20 bucks) rise in price, making the dollar less valuable.

And this isn't even going in to the details, just a really really high level view. Best bet is to follow what big money is doing.

>> No.55059507

>>55059500
How do you follow big money?

>> No.55059510

>>55057055
If a fiat default comes, interest for loans rise.
Exqmple: 10000 usd == 1 nuUsd
Old interest 5% ==> 8%