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How to Move Back Into the Market.
- Article from:
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Kiplinger's Personal Finance Magazine
- Article date:
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April 1, 2008
- Author:
- Kosnett, Jeffrey S.
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: JEFFREY R. KOSNETT
A FEW MONTHS AGO, CHRIS Hinners, a computer-network engineer, decided that the spate of negative headlines about the economy required drastic action. He switched all the money in his 401(k) plan to stuff he figures will hold its value "if the American economy goes the way of the British Empire." He put nearly one-third of his $100,000 balance into a money-market fund and one-fourth in Merk Hard Currency (symbol MERKX), a fund designed to benefit from a weakening dollar. He invested the rest in a gold fund, Canadian and global growth funds, an energy fund, and Excelsior Value & Restructuring (UMBIX), a Kiplinger 25 member that has a big weighting ...