But diversify into what?
If we assume this takes down the US economy and bonds, what then? International bonds/stocks? Won't those also be too entangled? Precious metals?
If we assume this takes down the US economy and bonds, what then? International bonds/stocks? Won't those also be too entangled? Precious metals?
Build your emergency fund first if you don't have one. 6-12 months of salary in cash or CDs. Then dollar-cost average into well diversified equities. Don't watch them day-to-day. You're concerned about their value in 20-30 years, not tomorrow.
Sure, spread investments across stocks and bonds and treasuries from different markets.
But you can also diversify more broadly beyond economic capital to cultural and social capital. Learn new skills and build networks of generalized reciprocity with others before you (or they) need help.
They said cash.