My Plan for 2023

[MadJack]

Gold is up over 60% since dear leader took office.

Was just curious.

I've been planning, since gold was $2500 oz, to put my cash reserve in 1 oz Liberties or Buffaloes, but I keep dragging my feet and dragging my feet and now it's nearly double. So I continue to drag my feet.

 

[WhatsHisNuts]

What I'm thinking about doing, and I don't know if this is smart, dumb, or somewhere in the middle, but something along the lines of buying $5K - $10K in CDs every month for a year. When the term is up, if the market is still good, I'll withdraw from my investments like I've been doing and roll over the CD. If we've hit a recession (or worse), then I'll cash in the CD and use that money for expenses.

Did I mention that I HATE taking money out of the market? It's like Warren Buffett said... "My favorite time to sell is never."

CD and bond ladders are definitely not dumb. Lots of people use them but instead of buying them every month for a year, they buy several with different maturity dates. When they mature, you make the call to add it back to the ladder, use it to cover expenses, or invest in something else.