Quote:
"The advisor was saying that maintaining more than 5% of their retirement portfolio in illiquid assets was not a sound position. Not bad advice really."
The BIG problem with this is so called liquid assets are based on the dollar. The dollar is IMO going down the tube and when that happens it will be worth a fraction of it's value today. So what effect does that have on your liquid assets? The only reason the dollar has maintained it current value is oil is priced and the current cost valued in dollars.
If oil is taken off the "dollar standard",and some of the oil cartel countries are argueing to do so as I type this, it's value will drop like a rock. If you don't like the current $4.00 a gallon price for gas just wait until this happens.
Jim
