I wouldn’t worry about an IRA/401k unless you are near retirement. If the entire stock market irrecoverably tanks, you’ll probably have much bigger issues to worry about. Even during the Great Depression, stocks made a reasonable rate of return over most long time frames. It’s just anyone who bought at the peak and had to turn around and sell in a short time that really lost their shirt.
As for the rest, it’ll be a financial hardship, not the apocalypse. Sustainable things like solar to hedge against energy prices and home garden to hedge against food prices are probably the most practical. Also I recommend a bidet so you don’t have to worry about toilet paper — that was a brilliant purchase at the outset of Covid.
If you want to prepare for things to get worse than that, you’re probably into the hording guns and ammo prepper stage.
Well, I WOULD worry about the stability of the USD (and, by extension, US-centric securities) in the long term. To that end, I’ve shifted most of my investments to European and APAC things.
Until oil stops being predominantly priced in dollars (which may very well be coming, to be sure) I think the dollar will recover. That said, I’m well outside of my area of expertise here. No one should take my financial opinion about things more seriously than any other asshole with thoughts.
I wouldn’t worry about an IRA/401k unless you are near retirement. If the entire stock market irrecoverably tanks, you’ll probably have much bigger issues to worry about. Even during the Great Depression, stocks made a reasonable rate of return over most long time frames. It’s just anyone who bought at the peak and had to turn around and sell in a short time that really lost their shirt.
As for the rest, it’ll be a financial hardship, not the apocalypse. Sustainable things like solar to hedge against energy prices and home garden to hedge against food prices are probably the most practical. Also I recommend a bidet so you don’t have to worry about toilet paper — that was a brilliant purchase at the outset of Covid.
If you want to prepare for things to get worse than that, you’re probably into the hording guns and ammo prepper stage.
Well, I WOULD worry about the stability of the USD (and, by extension, US-centric securities) in the long term. To that end, I’ve shifted most of my investments to European and APAC things.
Until oil stops being predominantly priced in dollars (which may very well be coming, to be sure) I think the dollar will recover. That said, I’m well outside of my area of expertise here. No one should take my financial opinion about things more seriously than any other asshole with thoughts.
Honestly, I will not be shocked if the world moves towards an EUR standard to replace the USD standard.