North Korea Investment Question

[LesClaypool]

Is anyone doing anything different in your investment accounts, regarding the substantial uptick in activity over North Korea?

I'm on the whole a buy-and-hold person, but I see some serious downside risk in the short-term, in being over-exposed to equities if this things doesn't fizzle out soon...and it doesn't look like it's going to.

As such, call me Overly Cautious (or worse, if you prefer) but I'm moving some of retirement account assets into cash for a while. The way I see it, if talks happen tomorrow, and North Korea is somehow reined in by China (and/or the rest of the world) then I may miss a slight bump up in the market (unlikley)...but if things continue to go South, (highly likely, IMO) then there's a substantial, maybe 15-20%ish, short-term loss heading our way...and it could/would be much worse than that if somebody actually uses their nukes.

Thoughts?

 

[Formerly Rockymtnole]

Been considering same questions. My mind always goes to the worst scenarios though. In one scenario my bottled water and canned beans are worth more than my entire investment portfolio.

 

[TC Nole OX]

Bitcoins should be safe place to park your money

 

[noleclone2]

Yeah was having similar thoughts our market may be due for bigly crash

 

[DanC78]

educate me as to why this will affect my stocks.

 

[LesClaypool]

educate me as to why this will affect my stocks.

Nuclear war, or the threat of it will drive everyone to pull their money out of stocks and stick it under their proverbial mattresses. That's bad for stocks b/c everyone trying to liquidate their positions at the same time drives prices way down.

 

[DanC78]

Nuclear war, or the threat of it will drive everyone to pull their money out of stocks and stick it under their proverbial mattresses. That's bad for stocks b/c everyone trying to liquidate their positions at the same time drives prices way down.

Makes sense.

So now tell me about this nuclear war thing you speak of; DOT and IRA have not written any pieces on this topic.

 

[LesClaypool]

Makes sense.

So now tell me about this nuclear war thing you speak of; DOT and IRA have not written any pieces on this topic.

Google North Korea, Dan.

 

[SoddyNole]

Don't we have a gold broker on this site? I am sure he will take all your money.

 

[Formerly Rockymtnole]

Google North Korea, Dan.

Googling North Koria...no results...hmmm

 

[BelemNole]

My only thought is that "South" shouldn't be capitalized.

 

[LesClaypool]

My only thought is that "South" shouldn't be capitalized.

Shouldn't it?

Meh. Win some (grammar and punctuation posts). Lose some, I guess.

 

[LesClaypool]

Good news - I found the answer to my own question...

http://www.cc.com/video-clips/tw2ltp/chappelle-s-show-wu-tang-financial---uncensored

(NSFW language)

"Military sh-- is blowin' up. We about to go to war. You need to invest in some nuclear bombs"

 

[billanole]

Googling North Koria...no results...hmmm

Trying to find data on guanira rates in the Hermit Kingdom?

 

[DanC78]

Shouldn't it?

Meh. Win some (grammar and punctuation posts). Lose some, I guess.

Welcome to team Dan, Les.

Have a seat, stay awhile!

 

[FSUpete01]

Gold and CryptoCurrency. On they Crypto side, 50% Bitcoin 25% Ethereum 25% Altcoins. I personally have 20% of my net worth in these. The fact that governments around the world are in a race to devalue their currency makes me extremely concerned. I lived in Venezuela for a few years, so imagine if that kind of thing happened on a global scale. Gold and Crypto are two ways to hedge against real wars and currency wars.

 

[Formerly Rockymtnole]

Gold and CryptoCurrency. On they Crypto side, 50% Bitcoin 25% Ethereum 25% Altcoins. I personally have 20% of my net worth in these. The fact that governments around the world are in a race to devalue their currency makes me extremely concerned. I lived in Venezuela for a few years, so imagine if that kind of thing happened on a global scale. Gold and Crypto are two ways to hedge against real wars and currency wars.

Call me old-fashioned but I'd almost feel better depositing my money in a North Korean bank than investing in something called Ethereum or Altcoins.