No. of Recommendations: 4
Thanks for creating this topic. It has been on my mind for a while.
In 2016, I made a decision to ride out the storm, having faith that the guardrails we have in place would temper the mercurial behavior of Trump.
In 2024, I am less sanguine. Trump has learned to put sycophants in place in key positions. And, most frightening, it appears he has a compliant Supreme Court that appears too comfortable changing norms and creating new rules out of thin air, notwithstanding claiming to be Constitutional textualists.
And there is Trump’s faltering mental and physical health, retribution to who knows who, and the wildest of wild cards waiting in the wings, JD Vance.
And, as mentioned above, some crisis will raise its head. It always does. I don’t think these folks are the best and brightest nor do they seem inclined to listen to opposing views or, heaven forbid, experts.
The issue I’m wrestling with is, what are my options to protect my wealth? I just don’t see any.
Invest overseas? If the US sneezes the rest of the world catches a cold.
Cash? That could be devalued like equities.
Real estate? Not something I know a lot about.
Bonds? Meh.
Rare coins? Possibly (lifelong numismatist here) but that’s a huge gamble. Plus, like gold, where do you store it and it’s not very liquid.
I’m curious if others have ideas about preserving wealth when chaos strikes.
