Honestly, I don't have an answer. I knew a couple of friends who are quite financially savvy. They were really concerned about where to park their money. Although those “bears” have been very correct in forecasting the current economic recession, I sometime think that they're overly pessimistic. And frankly, we cannot live in fears.

Here is what I'm doing: for the near term, holding most of my money in cash because I still think there is going to be a major market correction. I could be wrong on this. In 6month – 1 year, I'll go back to the market, but be very diversified and conservation (e.g. index fund, money market, cash, maybe a little bit of gold, and also get a little bit of foreign currency.)

I think diversification is probably the best bet at this point to mitigate the risk.

At the same time, I think the the best investment one can make is on himself/herself — continuing personal/professional development, developing multiple income stream, developing entreprenurial skills, sharpening sales skills — even if you lost a substantial amount of your network worth. If you have the skills/mental make-up, you can still earn the money back. Obviously, I'm talking about worst cast scenario, but I do believe in self-reliance.

Honestly, I don't have an answer. I knew a couple of friends who are quite financially savvy. They were really concerned about where to park their money. Although those “bears” have been very correct in forecasting the current economic recession, I sometime think that they're overly pessimistic. And frankly, we cannot live in fears.

Here is what I'm doing: for the near term, holding most of my money in cash because I still think there is going to be a major market correction. I could be wrong on this. In 6month – 1 year, I'll go back to the market, but be very diversified and conservation (e.g. index fund, money market, cash, maybe a little bit of gold, and also get a little bit of foreign currency.)

I think diversification is probably the best bet at this point to mitigate the risk.

At the same time, I think the the best investment one can make is on himself/herself — continuing personal/professional development, developing multiple income stream, developing entreprenurial skills, sharpening sales skills — even if you lost a substantial amount of your network worth. If you have the skills/mental make-up, you can still earn the money back. Obviously, I'm talking about worst cast scenario, but I do believe in self-reliance.

thoughts?

Yeah, it's very unfortunate for us to get to this point. I guess I could add one more thing to the list — I heard from multiple reports that the sales of seeds have been growing — I guess that's the ultimate way to be self-sufficient.

A lot of these ideas sound silly or laughable in normal circumstances, but like you said, these beliefs/ideas are starting to loo far more reasonable.