4 ms·
Not very practical if the amount to be preserved is multiple 7 figures, I should have clarified my question better.
by deanmoriarty 6y ago
Not very practical if the amount to be preserved is multiple 7 figures, I should have clarified my question better.
- kragen 6y agoUS$5M is a bit under 100 kg of gold or 6 tonnes of silver. Might not be a bad idea to spend a few percent of that on hiring security guards and stocking up on perishables to feed them an their families.
- deanmoriarty 6y agoThis quickly went downhill lol. Thank you for your suggestion, I’ll stick my $5M in VTWAX and hope for the best.
- kragen 6y agoProbably a good idea to maintain a more diverse asset balance than 100% in stocks, in the interest of hedging wealth preservation against both likely and unlikely shocks. The base rate of state collapse, for example, is about 1% per year, and examination of past episodes shows that it's often pretty unexpected. See notes/pandemic-collapse.html in Derctuo for some of the reasoning here. Moreover it's hardly unusual for share markets to dip 10% or 20% and take several years or a decade to recover.
- BenoitEssiambre 6y agoThat is probably your best bet for large amounts. You can also diversify into TIPS (note the negative nominal returns though) and improve your housing situation with renos, upgrades etc.