Homestead mailing list

[Gene GeRue <genegerue AT ruralize.com>]

On Sep 15, 2008, at 8:46 PM, Robert Walton wrote:

> Now for the 401k, I know that I'd take a hit, but I've been wondering
> if I can't put that money to better use somewhere else. I guess my
> question, homesteaders, is do you think that people's 401k monies are
> at rick right now? I'm not talking short term losses.

1. Nobody knows the future for sure. Some will guess right, some will  
guess wrong. The primary value of a professional financial advisor is  
they make decisions without the emotion that the individual always  
has. Their negative value to a person of homestead mindset is they  
don't think like us; they choose from traditional investments.

2. Homesteading is a sound plan for getting through tough times.

3. Rather than cash beyond necessity, I would rather have seeds and  
tools and ways to produce and preserve food.

4. Any investment of any retirement monies or any other monies is at  
risk. You do your due diligence, you make your bet, you take your  
chances.

5. Bottom line, I like land that will produce food and fuel, and then  
invest in seeds and tools and common necessities such as clothes,  
salt, toothpaste, toilet paper. And good beer.