I suspect that I am not alone in the fact that I have a growing skepticism about the future stablilty of the United States as a country, and that extends to my financial future. I am a young professional in the United States and currently have my job, home, retirement accounts, and investments all dependent on the dollar and the United States stock market.
Are there any historically effective methods to hedge against domestic instability in the short term that don't amount to selling off stock (and paying significant taxes) and reinvesting in other currencies or markets? I am trying to avoid a "sky is falling" mentality but at least want to use this opportunity to learn about diversification options beyond our borders. Thanks!
Submitted July 01, 2024 at 11:40PM by Oconnorbaseball https://ift.tt/AK1eV6E
