I'm not the best at searching, so I can use your help. My husband passed away mid-January (covid) and left modest wealth in savings, deferred comp and life insurance. I've been meeting with various investment people - none of whom impressed me. My primary concern is protecting it for my adult son. I know the old saw about crypto and gold, but I don't know enough about either to feel confident that they're a good choice. So I'm wondering what Q has to say
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Dont put all eggs into one basket. The truth is noone knows what is gonna happen in 10 20 yeats.
Good land and property is probably the best bet but obviously not easy to get into depending on location
If you want my 2c, whatever you do dont go all in. Start dabbing periodically in small chunks into different assets. Gold, silver, crypto, traditional assets like index funds... dont have to do anything crazy and super risky and dont have to invest all at onc. Slowly build your positios over the years.
F.e. crypto the last two years is super high, everyone and their momma is borrowing money and yoloing savings into it. The risk is just too high atm with limited growth potential. But if in the next couple years crypto drops 80-90 percent again you can afford to be a bit more agressive with it
Gold drops a lot again in the next years ? Dabble in a little more
Stock market droos 30-50% again ? Might be time to dabble a bit more into SPY :)
You get the point... build the wealth slowly over time while trying to keep risk as low as possible