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24HourForums.com > Supported Forums > 24's Money Business > Your world view, your investments

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bjork73
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 Posted: 12:30 pm

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It seems like there are a few people here who are waiting for the next Great Depression to come, dollar collapsing, financial markets crumbling, and hold a percentage of their portfolios in coins/bullion high enough to make a financial advisor gulp hard.  My brother has a similar world view; no money to devote to related investments, but I hear more than enough of it.  I tend to be a bit of an optimist, think that the Fed isn't going to allow the dollar to collapse, and that a huge economic downturn is highly unlikely (again, thanks to the Fed, and the fact that if China or Japan were to dump dollar-based investments, they would be screwed over too, so that is also unlikely).  So I wonder... I totally agree with diversification and dollar-cost averaging, but is the former even compatible with preparing for a potential economic doomsday?  Even putting 25% of one's portfolio into tangible metals, which seems at least somewhat out of line considering the goal of diversification, would still leave a big hurt on the total portfolio if the dollar collapses.  So is there any real point in trying to prepare for a scenario that is highly unlikely to happen?

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 Posted: 12:41 pm

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Highly diversified - diversification is key as usual.  Include tangibles, diversifiy across regions, and asset type.  Include things that are not dollar-based, like bullion.  Include things that people need and can generate income, like real estate.  Mix it up and focus on quality.

That's my quicky!




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CarlWohlforth
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 Posted: 05:31 pm

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China now has 1 trillion bucks (trillion with a T) in US Treasury bonds. They will diversify a bit into Euros now. I think with all the deficiets the US has (trade, budget) and debts that the dollar will eventually go down more.

Most of the biggest US stocks do business in other countries. Some do business in China. When the dollar goes down US produced goods get cheaper in foreign countries. So even though I think the dollar will go down I want to own US stocks --  especially those that can do business in China.

I have a large enough portfollio to persue some fairly niche investments. I do so. I want to diversify and also hedge. The majority of my assets are US stocks and bonds. I do own an International REIT mutual fund. I own FAX, an Asian/Pacific bond mutual fund I wrote about on another tread. I own some stock in companies based in other countries. I own a US forest products company as well as an Australian mining company.

I like to buy investments that pay dividends. I like to buy investements when they are cheap. So rather than owning physical gold I own a mining stock that pays dividends.

I like owning businesses. I am an optimist. I think people are smart (for the most part) and will continue to invent things and develop new technology. I do worry about Iran building nukes and massive murder and poverty in Africa. However I hope things will continue to get better over time.

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