No. of Recommendations: 16
Mungofitch recently announced he is exiting the US as a safe place to invest as a foreign holder of capital. After listening to the Ezra Klein interview of Gillian Tett I share his concerns. When asked why, mungo said he’s exiting because of
risk assessment and geopolitical things. The latter is one inescapable factor in the former, in much the same way that growth is an inescapable factor in assessing value. Sometimes the key thing in assessing prospective return on capital is assessing return OF capital.
I understand why he’s done this, and if I were a foreign investor in the US I’d probably do the same, but as a US citizen and resident sharing the same worries as mungofitch I’m wondering what investment strategies to pursue? Treasuries are not safe, the stock market is overvalued, crypto is a fraud, and precious metals are a crapshoot. I’m thinking that real estate might be the best hedge right now if you are stuck living and investing in the USA.
What strategies are you all considering?
