In the first part of this series, I noted that the baby boom generation has lived through a uniquely stable period in human history. Sadly, there is no guarantee that this will last.
There are forces in the world that could lead to unprecedented disruptions in modern life. I hope not. There are also forces for stability. But part of me prepares for the worst, all the same.
So, in the last post, we explored how you can diversify some of your wealth out of U.S. dollars and/or out of paper assets. We discussed three of the more conservative alternative investments: international stocks, real estate, and small business.
The vast majority of investors should not stray from those three proven and relatively predictable alternatives. New investors, especially, or older ones that need to keep their finances ultra-simple, should not be looking for alternative investments at all. By definition, alternative investments are riskier and more complex than the mainstream options.
But, for those few with the temperament and means to invest further afield, we’ll now investigate some of the more exotic and riskier choices….