Author Topic: Hedging Against America, Prepping, Housing, Etc.  (Read 241 times)

baconschteam

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Hedging Against America, Prepping, Housing, Etc.
« on: Today at 11:37:53 AM »
I'm worried about the future of America; particularly, the effects of whatever will happen in November. I know that I'm being dramatic, but I'd like to diversify a bit more away from the stock market (currently 90% index funds and 10%bonds). I would like something more tangible. In a sense, I'd like to be a quasi-"prepper", but without guns and food stores.

My first naive thought was gold, and then I checked out what was happening there. Apparently lots of other folks have the same doomsday feeling that I'm feeling, so that's a no-go. I'd really like to buy a house, but the market is still nuts (at least in Central NJ where I am, to be close to family). My wife and I have put a few bids on houses, but even with an all-cash offer over asking price ($210k) there were 20 other offers well above ours. The stock market is hot, the housing market is hot (when others are greedy, grow fearful, etc..). Another idea was to buy a house in Uruguay (a very progressive country where my wife has a lot of family), rent it out, and have a place to move to if we ever needed it.

What are some ideas for decent things to invest in that could be valuable in the unlikely event of the fall of America as we know it?

solon

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FLBiker

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Re: Hedging Against America, Prepping, Housing, Etc.
« Reply #2 on: Today at 12:20:35 PM »
We "invested" in dual citizenship with Canada (and moved there).  Honestly, I would have preferred a "less correlated" citizenship, but it was a compromise with DW.  And I've still got my eye on a third one... :)

In terms of our actual investments, though, we haven't changed anything.  Still mostly in USD, still in a market weighted 90/10 index fund portfolio.  I may be pessimistic, but I'm also very, very aware of my capacity to be wrong.  If I had changed my portfolio based on recent events (Trump's election, COVID, Biden's election, Ukraine, Israel) I would have consistently guessed wrong.

baconschteam

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Re: Hedging Against America, Prepping, Housing, Etc.
« Reply #3 on: Today at 02:45:21 PM »
junioroldtimer, is that you?

https://forum.mrmoneymustache.com/investor-alley/welp-i'm-going-to-take-a-stab-at-timing-the-market/


Thanks for this. Great thread. Read the first few pages and then skipped ahead to see if he ever came back and lolled when I read @GuitarStv write "Maybe he can no longer pay for Internet.  :P"

I probably need to get myself a hobby. I think that's why "house" is an attractive answer to my angst. A house is not really an investment (I know) but it is sort of a hobby.

maizefolk

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Re: Hedging Against America, Prepping, Housing, Etc.
« Reply #4 on: Today at 03:25:38 PM »
How much would a house in Uruguay cost you and is it something your net worth/investment strategy could absorb without major hiccups?

Of the options you describe, I like that one the most as it is something you have a specific advantage in given your wife's family connections so you wouldn't be competing with every other stressed-and-worried american like you are when looking at home much people have bid up the price of gold, real estate, etc domestically.

And Uruguay might be a nice country to visit more often if you had a place to stay when you visited, no?

big_owl

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Re: Hedging Against America, Prepping, Housing, Etc.
« Reply #5 on: Today at 03:30:14 PM »
Every "empire" that has ever existed had collapsed at some point so it's a given that the US will suffer the same fate eventually.  Of course, the collapse can last decades, or centuries in the case of Rome.  So trying to prep for some overnight catastrophe is pretty pointless.  If that happens then we're all pretty much screwed.  I guess I'd stockpile toilet paper, rice, bullets, liquor, cigarettes and most.imoortantly...antibiotics.  And I'd move.somewhere rural with a tight knit community and lots of opportunities for hunting. 

A more realistic plan...get rid of all debt. Pay off your mortgage.so they can't take your home from you.  If society collapsed the odds of the city coming for your home because you can't.pay taxes is.pretty.low. 


 

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